There are a lot of Martingale Expert Advisors are available in the Forex market. IMscalper is pure martingale, but it is difficult to back test as after a series it stops. I have used in quiet times like Asian session so far no loss and no account blowup. ViperGridEA is an amazing EA. The mathematics of this EA shows that it can never loose. The problem comes in sideways (range bound) market, when it can put in so many orders, use every margin, and use small lot size.
Mandarine Martingale can be a good one if you have a good start up capital. Really it is a great and I use for most of the trades. It simply does two to four percent a week based on pair. I my opinion, usd/chf is safer, but you will get less return. You can get big return on gbp/aud, but as well big draw down. You can run on default setting as well as change the no hedge to false. You can not change the strict from a hedge to false as this doesn’t work well. You can run it on a VPS on the 15 minute time frame.
I have found it’s the best martingale EA but the rest is your choice.
- martingale ea source code