Here's the deal. Martingale sounds great, until you do the math.
Say you start with $100 and initial $1 stake; you only have a 36.6% chance of doubling your money before you hit a losing streak long enough to go bust.
If your probability of losing k (log 2 n) times in a row is (1/2)^k = 1/2k = 1/N and IP (wim 1)=1-1/N where N=100. Your base equation is based on a 99% chance to
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A pip (percentage in point) is a unit used to measure the smallest price movement in the exchange rate of a currency pair in forex trading. It represents a change in the fourth decimal place of most currency pairs, although exceptions exist (e.g., for pairs involving the Japanese yen)
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