Martingale strategy in binary options and calculator. Martingale calculator for binary options: how to use? Martingale calculator for binary options

The dangerous Martingale money management method came to the world-famous Foreign Exchange thanks to the light hand of gambling enthusiasts. Some traders, especially beginners, perceive the method as a trading strategy and consider Forex martingale the only way to achieve 100% profit. Experienced pros are cautious about the tactics of gamblers, since not only profit awaits the trader at the end of the journey, but also a very likely loss of the deposit.

What is Martingale anyway?

The main argument for The martingale principle in the Forex market is a well-known fact: the martingale tactic, successfully used in gambling games (poker, roulette) for two centuries, caused the appearance of minimum and maximum bets and two green fields: “0”, “00”. Thus, casino owners have protected their business from the martingale system, and accordingly, traders’ confidence that the method provides profit is not unfounded.

The mathematical principle of martingale discovered by Paul Pierre Levy, a French mathematician, based on probability theory. The original version of the strategy is simple: the player places a bet and every time the bet closes with a loss, he doubles the deal. As a result, all losing trades are covered by one winning position. The most convincing strategy on which the martingale system is based is demonstrated by the example of the game “heads-tails”:

The player makes a bet ($5) - tosses a coin and bets on the side coming up in one direction, for example, “heads”.

Each subsequent throw doubles the bet, adhering to the chosen direction (“heads”).

After waiting for the desired side to appear, the player wins back all losses with a profit of the initial bet ($5).

Joseph Leo Doob, an American colleague of the famous Frenchman, argued that this strategy can make a 100% profit. Nevertheless, Forex martingale is still successfully used on the currency exchange as a dangerous but effective method of money management. However, a simple example with the game “heads-tails” demonstrates the weak points of the strategy: the amount in the player’s pocket must be sufficient (or better yet, unlimited) to continue to stay in the game until the desired side appears, while constantly doubling the bets.

Using the Martingale method in Forex

A comparison of the casino strategy with the martingale method is clearly in favor of the latter. Firstly, the tactics have been significantly improved and, as is usual in trading, where demand creates supply, it has been brought to automaticity. However, do not delude yourself - both the money management method itself and the proposed advisors are not a guarantee of 100% profit. Secondly, the martingale system has an indisputable advantage in comparison with the same shares: any company can go bankrupt, and the country, even in conditions of currency devaluation, will not reach “0”.

On Foreign Exchange, the martingale method for Forex has another advantage: even with a series of unsuccessful transactions, the trader will receive the expected profit, since a price rollback - the basic law of Forex - will happen sooner or later. The only question is Is the deposit enough to withstand serious drawdowns?? On the currency exchange, the principles of gambling and the vulnerabilities of the strategy are preserved: the need to double lots presupposes a bottomless “deposit”. However, for those who “missed” the trend and opened positions incorrectly, the martingale Forex system is the only plan of salvation, unless you take into account the likelihood of a planetary catastrophe in which the currency pair goes to “0”.

Let's look at a simple example of using this strategy in the Forex market

1. Select any currency pair.

2. We enter buy or sell positions clearly in the direction of the current trend with a minimum lot. To determine the trend, you can use a chart with a large one (for example, D1). After we have determined the price direction (for example, upward), we open a position (in our case, to buy Buy).

3. For an open transaction, be sure to set equidistant stop loss and take profit orders (50 points for each from the market entry).

4. If the price knocks out our take profit, at the same level we open a new position, also for purchase and with similar orders.

Anyone who is familiar with the Martingale management principle is already convinced of both its super profitability and its super opportunity to lose the entire deposit.

If we take beyond the scope of the article the question of the profitability of the trading system (TS) itself, then two problems remain for profitable trading using Martingale.

And the martingale calculator and economic calendar will help us solve them.

Martingale principle

If you are familiar with the Martingale principle - which comes to us from gambling, then you can skip the next paragraph.

Simple Martingale

The essence of the system is as follows:

The game begins with a pre-selected minimum bet.
After each loss, the player must increase the bet so that if he wins, he will recoup all previous losses in this series, with a small income. (For example 1-2-4-8-16-32-64, etc.).
If the sequence is followed, the player's profit when winning will be equal to the initial bet.
If the player wins, he must return back to the minimum bet.

Complex Martingale

The meaning is the same as in the simple one, but there are two differences.

Firstly, we multiply the bet not by two, but by any multiplier.
Secondly, we fix profits based on the volume of open orders.
This is achieved by averaging the volume and price of open orders. In this case, the greater the drawdown, the greater the profit.

Martingale problems

First problem- this is a long, recoilless price movement against you.
In 99 cases out of 100, this happens against the backdrop of super volatile news.

For example:

change in the National Bank interest rate
or the most volatile news for USD, which occurs every first Friday of the month - this is NON FARM - Change in the number of employees in the non-farm sector of the United States.

— multiplier for the next lot — Factor or Multi

— step between orders — Step Pips

— maximum number of orders — Max Orders

You will also need the leverage size, usually on cent accounts it is 1:500 or 1:1000 and the STOP OUT percentage is the percentage of the deposit, upon reaching which the broker will automatically close all orders.

I made a “Martingale Calculator” tool especially for this purpose.

If the deposit size seems unaffordable to you, then you need to first reduce the “Multiplier” and “Maximum orders” parameters.

Martingale Calculator

Video instructions on how it works:

Arm yourself with knowledge and profitable trading will be with you.

Subscribe to the blog and don’t miss anything new - there’s a lot of interesting stuff to come.

05.06.2018 14:14

The method is that you choose the size of the first bet, fix it, and then, in case of loss, increase the size of the bet so that the next bet covers both the loss from the first bet and the second bet. Further - in increasing order. If you win, the series is “reset to zero” and you start betting again from the first bet. The obvious disadvantage is that the bank requires a fairly large reserve of the gaming budget.

Example. We bet on the outcome of a football match Even/Odd (the estimated probability of this outcome is 0.5 or, simply, 50/50). Some average bookmaker gives odds of 1.8 for this event. The series of bets with the first bet of $1 will look like this:

1 bet - $1
2nd bet - $3.25
3rd bet - $8.31
4th bet - $19.70
5th bet - $45.33
6th bet - $103.00
7th bet - $232.74
8th bet - $524.67
9th bet - $1181.51

This calculation includes the winnings from each bet step. So, if the win occurs on the 1st bet, the winnings will be $0.8. If on the 2nd - $1.6. On the third - $2.4. If you win on the 9th bet, you will earn a total of $7.2. Moreover, in order to reach the 9th level, you will have to lose the previous eight, which, you see, is quite nerve-wracking. In addition, if we talk about the ratio of funds won to bets, the proportion at level 9 is also not the best: 7.2/2119b5=0.0034 or 0.34%.

Is it possible to reduce risks when betting using the Martingale system?

Can. Here are some ways:

start the series with small bets; in our example, the initial bet can be reduced by 10-20 times;
pledge your winnings only at the first levels, then reduce your profit to zero in order to use a smaller bank to quickly return to the first level;
bet on events with high odds. In general, the higher the coefficient, the slower the rate growth will be with each subsequent level. So, in our example, if the odds were not 1.8, but 1.91, then at level 9 we would receive a bet of $631 (instead of $1181) and the total amount involved would be $1,200. Just by increasing the coefficient by 0.11, we got an almost twofold reduction in the total budget.

How to include zeroing of the working bank in the mathematical model?

Since one of the features of the Martingale system is the periodic reset of the working bank, it would be advisable to initially plan for this development of events in order to come out with a profit in the long run. How to do it?

Not difficult. If more than a one-time increase in the bank takes place before the calculated drain of the bank, such a model can already be considered winning. This means that if the starting bank increases by 1 or more times (for example, twice), after which it is scheduled to be reset to zero, then such a scheme will still bring profit to the player.

The simplest example:

Starting bank $100.

With the help of Martingale, we triple the bank every cycle and work on half (to be on the safe side) of the budget. This will give:

1st cycle: win $150, lose $50. In the bank - $100 + $50 = $150 (take half for the next cycle, i.e. $75)
2nd cycle: win $225, lose $75. In the bank - $75 + $150 = $225
and so on.

Is Martingale evil?

Among the majority of players working with sports betting, there is a fairly persistent myth that claims that betting on this system inevitably leads the player to a complete (and very bitter, whatever) loss of the bank. The statement is not indisputable, we will explore this below, but it has a right to exist. Moreover, probably everyone who begins to somehow systematize their own bets, that is, is already engaged in professional betting, has encountered this same zeroing of the working bank.

And, despite this, Martingale’s financial strategy, unlike the players, has changed for hundreds of years. Invented in the 18th century (and according to some sources, even earlier), the strategy continues to capture the minds of players trying to find their own version of its implementation in one form or another. Isn't this strange? If the strategy had been completely worthless, wouldn’t it have sunk into oblivion two hundred years ago?

With this article I would like to tell and analyze the Martingale system from the inside in simple understandable language. Look at the pitfalls and, more importantly, identify ways that can help the player use the strategy to his advantage.

There are not many facts indicating the truth of the statement: “The Martingale system is an absolute evil,” but they are weighty:

There is rigorous mathematical proof that the classic use of the Martingale system on an infinite number of bets inevitably leads to zero winnings. In other words, the player ends the series with exactly the same bank with which he started.

Conditions: toss (probability of heads/tails = 0.5), we always bet on heads, and if we lose, we double. There is an initial capital that can be enough for a series of (\displaystyle n) bets (that is, the size of the initial bets).

Probability of ruin: . Probability of winning:.

Now, for example, in numbers: the initial bet is 1 dollar, there is a capital of doubling bets, that is, a dollar.

The result of 10 throws can be anything: there can be all tails, there can be all heads, there can be 5 heads, then 5 tails, there can be 5 tails, and then 5 heads, etc., all combinations are possible. All these combinations are equally probable, and the probability of each of them is equal. Moreover, of all possible combinations, only one will lead to ruin: 10 heads, that is, the probability of ruin is equal to .

The probability of winning, that is, of any other combination except ten heads, is equal to . The ratio of the probability of ruin to the probability of winning is equal.

The possible winnings in a series are $1. In this case, the player risks his entire capital equal to 1023 dollars, that is, the ratio of win to risk (1:1023) is equal to the ratio of the probabilities of ruin and winning. If you play a large number of series in a row, then on average every 1024th series the player will lose, losing all the winnings from the previous 1023 series, and in the end, on average, will remain with his own. The mathematical expectation of the game is 0.

Real strategy development requires an initially high gaming bank. If you bet on candy wrappers, that is, without making real bets, the sense of reality is lost, bets are not placed as carefully as in a real game.

Having been systematically involved in sports betting for a long time, we are opponents of such a virtual game (known as the “candy wrapper game”). With the exception of mathematical modeling, which in most cases can fully replace the practice of long series of bets. The introduction of any conventions into the game usually leads to the fact that the player, and we are, of course, talking about a professional player, ceases to pay attention to the minor but important nuances of the game, which often determine its character: winning or losing.

The following factors can be listed for using the system:

Using the system significantly increases the likelihood of winning in the short term.
The system, being correctly calculated, allows the player to build game schemes of almost any complexity and duration.

We remind you that a gaming scheme is a combination of different types of strategies and/or methods of playing with bets. For example, gaming strategy + financial. And so on.

The Martingale strategy fits perfectly with most gaming strategies and playing methods. Moreover, most gaming strategies initially involve catching up

“Dogon” is often called the Martingale system. Wrong. Martingale is not a “catch-up” strategy in all cases; the system is much more flexible.

Easy to understand and implement.
The ability to calculate and put into practice with high accuracy seemingly incalculable probabilities of sporting events. We focus your attention on this point; below we will look at an example illustrating this thesis.

Based on the above theses, it can be argued that:

The Martingale system is a reference progressive strategy.

Continued use of which, however, can do a disservice to the player by zeroing out his bank. Working with the system requires a more flexible approach; it’s definitely not worth working with it head-on.

What is the potential of the system? Let's look at a live example.

We take an event with an expected probability of outcome of 87.5%.

How to take such an event? - No answer. But below we will show that this is possible using the Martingale system

It is not possible to find such an event, so we will make the choice from the opposite, from the odds that bookmakers give for such an event. And here, attention! The coefficient, depending on the bookmaker (high or low margin) varies from 1.01 to 1.08.

How did we know this? It’s very simple - from the table of correspondence between probabilities and coefficients.

Any professional player will tell the price of a bet on any of these odds. After all, and this is not a rare situation, events for which such insignificant odds are set are underestimated by the bookmaker. There are many factors for this, and this is not at all a desire to cash in on simpleton players (although not without this, of course), for example, such a factor could be shoulder overload in bets on the favorite or on the most expected outcome.

So, on one side of the scale, bet on odds ranging from 1.01 to 1.08, depending on the bookmaker.

On the other side there are three bets on an equally probable event (probability = 0.5 or 50%, bookmaker odds from 1.85 to 2.02), which, unlike any other probability, is not difficult to find, at least one of which must win . Why is that? Very simple: 0.5^3 = 0.125 is the probability of losing. Winning will happen with a probability of 0.875 or 87.5%. As in the first case.

What would you bet on in this case?

Of course, in the example given, betting on a low odd (it doesn’t matter so much whether it’s 1.01 or 1.08) will be the most illogical. After all, the probability of losing is very high. And a winning of 1-8% of the bet amount is not high enough. A series of bets using the Martingale system with the same bank will give about a 9% increase if you win at any level.

The Martingale calculation is quite simple, but if you don’t calculate quickly, you can use the Martingale system calculator or mathematical modeling table, it also has a built-in calculator.

And the main conclusion from here: with long-term development, the Martingale system will show better results than just a series of bets on low odds.

And here a contradiction emerged: in fact, the Martingale system can show better results than regular bets in the long term. The main thing is to work not with the whole bank, but by distributing it.

But a better result does not mean a winning one. In principle, you can reset the bank in one or another way. After all, the bookmaker’s margin still reduces the final odds, which means you need to somehow get around this. Perhaps the Martingale system will help with this too?

Before considering this, I would like to dwell on perhaps the main characteristic of the system:

The Martingale system, while not absolutely winning, allows you to redistribute winnings and losses over time, from bet to bet.

Using this property, you can manage your income by incorporating inevitable losses into the gaming system. So that the sum of winnings is always greater than the sum of losses.

When carrying out preparatory work for developing a particular strategy, a professional player must always calculate the probabilities of all events expected in the game cycle. If there are N events in a cycle, the probability of each of which is 0.5, then the probability of a series of two such events occurring is almost 1 (that is, almost 100%), but the probability of a series of 8 events in a row is less than 0.4%. This means that when working over a long distance, a player can expect 4 losses per 1000 bets (which is the same 0.4%) or 1 loss per 250 bets. And here we are not talking about losing one bet, but about losing a series of bets, that is, when the Martingale system “resets” the bank. But with a preliminary calculation, this zeroing will be insensitive to the player if he initially calculated everything.
This means, in turn, that having lost once out of 250 series, in the remaining 249 series the player must earn more than the amount of his working bank in each series. And here a huge variety of work options opens up: you can work flat (talking about equal amounts of working banks), or you can make Martingale-in-Martingale, increasing the amount of the working bank to work out further series. These are just two of the many options available to the player.

Everything described above is a study of Martingale itself. But we must not forget about the flexibility of this strategy, its ability to be combined with other strategies. After all, in essence, the Martingale system is just a principle, following which the player moves his winnings in time. So why not move it so that you win a lot and lose a little? A principle similar to this idea is used in the Dynamic mathematical advantage system, for example.

What conclusions can be drawn?

The Martingale system is not as scary as is commonly believed.
At the same time, using it directly for a long time, without any safety options, will most likely lead the player to a disadvantage. This use of strategy is very common among those new to sports betting.
The flexibility and ease of operation (calculations and bets) using the Martingale system are among the best among all existing systems. This is especially convenient when carrying out calculations before starting to work out game series.

The statement that Martingale is evil seems to us somewhat ill-considered and even sweeping. The fact that many players have lost money using this system does not make it bad. Just like a bad car does not make its driver bad. The Martingale financial strategy is one of the most effective and progressive (here from the word progress) tools for working with bets. You just need to work carefully and not neglect preliminary calculations.

Strategy mechanics

The idea of the Martingale technique is based on the dependence of the size of the next bet on the outcome of the previous one. Initially, the algorithm of actions is not much different from the classic uniform “Flat”. The gaming deposit is divided into equal parts. Usually they try to bet with a small percentage. It could be 1% or 2-3%. If you have a very large bank - a fraction of a percent. If the first bet wins, then they continue to bet the same fixed amounts. If it loses, then the size of the second step is increased in order to cover the sum of the first and second iterations. If the second move turns out to be winning, then they return to the original bet size. If there is a second loss in a row, they continue to increase. There may be options here. You can increase it in order to evenly win back the size of the first call, or you can also include profit. Let's look at this with examples.

Initial deposit: RUB 100,000. First bet amount: 100 rub. or 0.1%. We will bet on the average odds of 2.00. If a series of losses begins, then each next entry we will increase in order to win back the amount of previously lost steps. We don’t count profits on moves beyond the first.

100 rub.
100 rub.
200 rub.
400 rub.
800 rub.
1,600 rub.
3,200 rub.
6,400 rub.
12,800 rub.
RUB 25,600

At this stage, we have already lost more than half of the deposit, namely: 51,200 rubles. Having bet the entire balance of 48,800 in step 11, we will not even cover the previous loss completely. If we lose this move, we will reduce the score to zero.

All the advantages and risks of the described algorithm are obvious. It is quite rare for such a huge series of losses to happen. With a high-quality approach to forecasting and selection of events, you should not allow a series of 10 losses in a row.

The equality of entries 1 and 2 should not be surprising. Having lost on the first step, we bet the same 100 rubles on the second. If we win, we will return the amount of both bets and can start again.

Entry 3 is already being increased to 200 rubles. Having won on this move, we will receive 400 rubles, having won back the money of the first two moves and compensated for the third. And so on. As you can see, with such initial ones, the deposit will be enough for 10 iterations. Well, or 11, taking into account the last inferior move by the rest of us.

Despite all the apparent reliability (I will never make 11 losses in a row!), we must understand that at step 10 we are risking a quarter of the bank just to win back previous losses and not make a profit at all.

Let's consider an example with a built-in profit of 100 rubles. on any move that wins. So that when the losing streak is interrupted by a victory, we not only break even and return to the beginning, but also increase by 100 rubles, as if we won the first bet.

100 rub.
200 rub.
400 rub.

It is clear that we just moved one move and then the scheme is the same. Now we only have 9 “Catch-up” steps. On the last full move we will bet 25,600 rubles. to earn 100 rubles. in case of winning. That's 25% of the pot in hopes of winning 0.1%. The reward to risk ratio is huge.

Sports betting is a completely adequate place to apply the Martingale strategy. Unlike online casinos, where algorithms are used to ruin the “catch-ups,” in betting everything depends on the player. The quality of forecasts should be such as to prevent such long negative streaks. The development of this strategy by professionals in specific sports shows that it is extremely rare for a series of even 3-4 losses in a row to occur, not to mention fatal 9-10 defeats in a row.

Let's compare with "Flet" under the same conditions. Average odds 2.00. To stay with his own, the player needs to place at least 50% of positive bets. To save your deposit using the Martingale strategy, a much lower percentage of wins may be acceptable. The main thing is to avoid long losing streaks.

Let me consider one more example. In the past, a coefficient of 2.00, convenient for calculations, was used. Here we will take a more realistic coefficient from practice: 1.80. The rest of the original ones are the same. Starting deposit: 100,000 rub. Since winning the first bet will give 80 rubles. net profit, then we will include this increase in the remaining steps.

100 rub.
225 rub.
507 rub.
RUB 1,140
RUB 2,565
RUB 5,772
RUB 12,987
RUB 29,220

Here we have already used 52,516 rubles. Therefore, even putting the entire balance at step 9 will not compensate for previous losses. The lower the coefficients are used, the more airbag you need to have.

Obviously, in practice different coefficients will be used. Here I gave examples using average values to make it easier to calculate and understand the mechanics. To calculate “Dogon” in betting practice, special programs and tables are used, and mathematical models are built.

Advantages

The Matringale strategy works well among professional players who pay great attention to the quality of forecasts and selection of events. If you avoid long series of failures, as illustrated earlier, you can not only keep your bank intact, but also grow confidently.

The algorithm makes it possible to be in the black, or at least on your own, even with a lower percentage of passability than is necessary when playing “Flat”. This is achieved due to the fact that a series of several minuses are won back by one winning bet.

“Dogon” goes well with almost all gaming strategies, except those where the odds are too low.

There are many varieties of Martingale, since the algorithm is very flexible and multifaceted. Therefore, the player can choose the optimal combination of financial plan and gaming models.

Flaws

If we compare the “Flat” and “Dogon” strategies, then their bank growth rate is comparable. During winning bets, profit grows slowly, since a small part of the original deposit is used per iteration. At the same time, the risks of losing your entire account using Martingale are much higher. As was shown in the examples, with those initial steps, 9-11 steps are enough to completely reset the balance. With a larger bet size and lower odds, the loss will happen even faster. With a similar losing streak with Flat, the player loses only 9-11% of the bank, since it does not depend on the seriality of the results.

Limited "Dogon"

As can be seen from the previous examples, the pain point of the “Catch-up” game is long losing streaks. Indeed, it’s ridiculous for the sake of earning 100 rubles. risk a quarter of the bank, for 25,600 rubles, as in the example. For this reason, a cut or limited Martingale is practiced. They do not raise rates until the loss is complete. For example, they set a limit until step 4. If there is no winning before this move, they roll back to the original amount. If the distance cross-country ability is high, then this allows you to compensate for such micro-failures. If you persist and raise to the limit, you can lose the entire bank on one “black streak”.

Martingale strategy for one sporting event

There is an interesting way to apply the “Dogon” strategy within the framework of one sporting event, a match. For example, bets on game sports, on goals (washers) during time periods. The initial forecast assumes that there will be goals. A fixed part of the deposit is allocated for one game. Let's say 1% of the bank. This bet is divided into parts in 3 “Catch-up” moves. In live they bet on a goal in the first 15 minutes. If a goal happens, then the bet wins and moves on to another match. If they lose, then they take the second step with an increase by a goal in the period of up to 30 or 45 minutes, depending on the odds. The third stage will be used in the second half until 75 minutes. This is just one example. Other formations are possible, depending on the sport and the specific market. The good thing about the described approach is that you can’t go far with a series of losses. Having made a maximum of 3-4 increases, within the amount allocated for the match, no further increase is made. They simply switch to another sporting event.

Conclusion

The Martingale strategy is very promising if used skillfully. Before a beginner applies this progressive model of bank management, it is worth testing his skills as a forecaster on a long series of Flat bets. If streaks of more than 3-4 losses in a row do not happen to you, then you can move on to Martingale. This is not a guarantee that such “black streaks” will not happen in the future. But it’s entirely possible to bet this way if you really understand your chosen sport and gaming strategy. If this is not the case, loss will be inevitable, regardless of the chosen financial strategy. It’s just that “Dogon” empties the banks of unlucky forecasters much faster than “Flet”. This must be understood and this scheme must be applied intelligently.

The Martingale system is not, but a method of managing your capital, that is, money management. This is worth considering if you decide to use it in your trading.

“The Martingale system in binary options is not a separate trading strategy, but a method of money management.”

The essence of the method is to double the value of the contract in case of loss. Most often this method is used in the game of roulette. In binary options trading, the calculation of the next (after a losing) position will be slightly different, but the essence remains the same - increase the size of the opened contract in order to reach “0” or make a profit on all closed orders.

Principle of position sizing calculation

When trading these financial instruments, the percentage of profit after a successful transaction is known in advance. It is usually between 70 and 85 percent. Let's consider an example of a calculation where this percentage is 80. To cover a losing trade, you need to raise the next bet by the amount of the percentage deduction (in our case, 0.8).

That is, with an initial position of $1, the next one will be equal to: 1:0.8=1.25. If you win this bet, your income will be:

1.25+1 (amount of winnings, i.e. 80% of the bet) = 2.25

Thus, you cover the amount of both the first and second orders, reaching the break-even level, not receiving profit from the transactions, but also without losing your deposit. Next, counting according to the formula, we get a table. Martingale on binary options calculation table size of orders subsequent to loss:

The calculation table shows that with 9 losing trades in a row, a trader can lose $658.2. And in the case of 10 unprofitable positions – $1480.95. In this case, the player will not earn anything.

Advantages and disadvantages of the method

The Martingale system for binary options reviews speak about both the advantages of this method and its disadvantages, after studying which a trader can decide on its use in trading.

Benefits of use:

The trader is not required to delve into the study of technical or fundamental analysis - when using this strategy, one can predict the movement of the price of an asset and simply place a “bet”;
If a player uses a proven trading strategy, then the series of unprofitable positions will not be large, and the loss on them can be covered by increasing positions in accordance with the method.

Disadvantages of the system:

A significant increase in the bet - the order size increases until the first trade is “+”, with a series of 9 unprofitable transactions, even with an initial position of $1, the 10th bet will cost the player almost $1000;
There is a high probability of losing your deposit - with such a rapid increase in rates, the trader must have a very large deposit, but the risk of losing it is quite high.

Conclusion

You can use the Martingale strategy to make money on options only in one case - if you trade according to a clear profitable strategy that gives you a probability of winning at least 50-70%. In this case, the trader can expect that the series of losing trades will not drag on, but will stop at 5.

Otherwise, the application of the method comes down to the essence of the game of roulette - either you will win or not. However, this is a rather risky strategy, which is more likely to lead to a complete loss of the deposit.