It should be no surprise this system is down 20%. This is the nature of Martingale strategies. Lots of small gain trades and then one stomach churning drawdown trade. Another issue is this system has been stuck in this one losing trade for 3 weeks with no end in sight while the market has been going up. A lot of wasted time.

At times, this strategy become very dangerous, it can be catastrophic one day. Does not use any stop loss.

"Basically, this strategy achieves positive overall performance. However, it is frustrating that high losses occur time and again because trades are consistently placed against the trend. In these moments, corrections are made too late."

Great strategy, made a good deal of money

The win rate for the strategy is high because it uses Martingale. The strategy doesn’t use stop loss and can blow up an account. It’s only a question of when if you have a small account.