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To understand the basics behind the martingale strategy, let's look at an example. Suppose we had a coin and engaged in a betting game of either heads or tails with a starting wager of $1. There is an equal probability that the coin will land on heads or tails. Each flip is an independent random variable, which means that the previous flip does not impact the next flip. If you doubled your bet every time you lost, you would eventually win and regain all of your losses, plus $1. The strategy is based on the premise that only one trade is needed to turn your account around.
Use any from the vast list of indicators and graphical figures. Try using different of them to find the most effective one for your trading style.
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