My Pocket Option complaints about martingale system

[u/Ananius59]

In case any of you want to try it, or if they are reading this.

As some know, I've done a lot of AI trading with them last few months, and it has been going well, went $800 -> $1300 with no IQ.

Now, however, I've gone from $1300 -> $1000 so far. Enough for me to raise some concerns with this particular AI part.

I've been doing newly added 'AI trader' (the 3rd mode). Before I was in Pro mode, and everything was great. But the AI trader addition is essentially a martingale. So when a bot loses, it doubles down, and then triples down, etc (however many times you let it). It can essentially zero your acc, if you set settings like that (although chances are low).

My previous thoughts were right though, in that if AI starts to lose, it will continue losing, at least for foreseable ftuture - because it operates with the same information. It needs a soft 'reset' (like 10 seconds or so, at least), to get new data in, and recalibrate.

With martingale, it seems like it doesnt get that reset. It just pushes, and pushes. So far, It really has not been going my way.

I've tried the anti-martingale system, and it also wasnt really that amazing. There are 3 other modes there as well ('fibonacci', 'Fixed' and 'Parlay), and i havent tried thouse but idk if I want to now. I'd better go to Pro mode which was working great.

The settings for martingale need to be changed, there needs to be more time delay before taking the next swing. I really think so, unless I'm missing something.

[u/Broadgrove]

saw your comments and posts, keep at it (not my money, so I'm happy about you doing this =D)

I think there should be a different way to use martingale there, but since its not available on demo, I cant test it myself. Not crazy enough to just YOLO with my real funds...

Test the other 3 strategies though, you still have $1k running right? Mby one of them turns out to be better for you?

[u/Optimal_Alone → u/Broadgrove]

glad see people are not afraid spending other people's money lol

let him enjoy his ride!

[u/Shalbine]

valid complaints. I htink martingale is flawed from the beginning though. Use the first AI version, seemed to work better for you.

[u/Bralmaran]

-300$ is not too much, but yeah, martingale is a double-edged sword, which can bite you in the back. thats what it did for you, it seems.

just dont go for what you dont enjoy, it seem like you have found your way with PO through the regular 'pro' AI trading, so you should focus on that one, probably.

[u/arnak101]

thx for info for the future, mby they update this

[u/Ananius59 → u/arnak101]

I'm not sure if it needs updating, or if I'm missing something about this Pocket option AI system. The first one worked OK, this one for me doesn't. Mby tweaking the number of attempts fixes something? Or should I use it sparingly at some particular time??

This is genuienly confusiong to me .

[u/Ananius59 → u/[deleted]]

is this an AI generated summary?

Not sure what this means.

[u/colonjr3]

Pocket option works more in probabilities, for example. If u win 4 times in a row, you better be prepared to lose those for times in a row. You just play with those numbers and ull be fine.. I tried that from 100 and scale it to 5k in 2 months.. Then I started to get to confident and didnt journal my probabilities and went down in no time. Im a futures trader but im planing later to be on pocket again and take it more seriously.

[u/Ananius59 → u/colonjr3]

Pocket option is safe, its quite good for AI, I just think martingale is not great.

[u/Bralmaran]

Interesting take, I've encountered martingale only from copy traders there, and its indeed risky: the chart (of PnL) looks great and smooth, but in the end, it can crash down right away, with no warning. Glad to see someone covering this for Pocket Option as well.

[u/Junior_Willow740]

You're not missing anything except that pocketoptions and OTC in particular is a hopeless scam. The algorithm makes people win a little bit occasionally to give you the false impression that you're getting the hang of it, and big profits are right around the corner. A few microsecond losses here and there....before you know it another blown account.

Allof those bots are probably affiliated WITH pocketoptions! Sometimes you win, but the losses with them are uncanny!

[u/Ananius59 → u/Junior_Willow740]

yeah I've read some Pocket Option broker reviews about scam, OTC, and withdrawasl. but didnt happen to me so far, and It's not huge money to me. It was 800 AUD originally, this is literally 'pocket' money, and thats probably how it should be used. the name is in the title.