Counter Trend Grid Martingale is very popular and also controversial trading system. Many expert advisors are also created based on that system Some parameter they may set for detecting overbought/oversold and some even don’t set any parameter but just fight against market.
Most of those systems are account killer . Most of those has no stop loss and they set multi levels basket with a pips difference like 30 pips or different. So market go more against your position keep adding more trades. More higher level in basket trigger and then hit tp more profit. But after all levels triggered and market keep going against basket then pray to almighty if market change its direction and hit tp.Other wise account blown. So it try to achieve certain pips from market and if failed start to fight with market until that tp achieved. But market is uncertain and sometime can be so wild , so you never know when market will retraces to your direction whatever the number of pips you risk 500 or 600 to achieve 50 or 60 pips or less .
So I think these kind of systems are simple and mechanical but too risky.
