Alan Solarsh explains why to avoid forex robots with a 'multiplier' input, which signals dangerous Martingale money management. He shows how doubling lot sizes after losses spirals fast: after 20 losing trades, you're carrying 127 total lots and your account blows up.
Today's video is about forex robots and Forex eas. And how do you choose a good forex robot? What do you look for? How do you decide if a robot is going to work or a robot is going to fail? Because there's lots of results out there, but very little success when you add it to a live account. Before I get started on this video, I want you to like this video. I want you to subscribe to the channel and in the comment section I want you to give me a comment of what videos you want me to make for you, what content you like. Okay. What subjects you're struggling with, and I'll make a video for that content. So go ahead and like subscribe and comment in the video. Now, this is going to be a three part series, so stay tuned. The first thing that you need to look for is when you open up the input section of the EA is to check the settings. What you want to look for is you want to look for this over here multiplier, and that is going to be a killer for your account. So when you see the multiplier, you already know immediately, immediately that this robot is a Martingale robot. And if you set it to a multiple of more than 1.0, it means that all consecutive trades that open after your first trade are going to increase in value by that multiple. So let's say you open a trade, your first trade is a one lot. So we're going to put a one lot there. And then if you're going to make this a 1.2, it means that each trade after the first trade is going to increase at a value of 20%. So your next trade will open at a value of 1.20. Then when another trade opens, your lot size will increase by another 20%, which will be 1.20 plus 20%. So here I've made a spreadsheet so that you can see the damage that can occur on your account if you use this strategy. Strategy, okay, so if you use a one lot, it's going to be, your next trade is going to be a 1.2. Your second trade is going to be, There you go, 1.2, third trade, 1.44, 1.78. And after 20 trades, you're gonna have a damage of 22 lots added to your account just on that trade. And then if you add them all up, you've got damage of 127, lots of on your account. Your account is probably blown at this stage and you've lost all your money. So don't use this strategy, it's going to be an account killer. Stay tuned for tomorrow's video. Please like subscribe and comment in the comment section of this video. If you haven't already seen yesterday's video about how a YouTuber lost a thousand dollars on his account using a similar strategy to this, then watch this video now.
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