No, Martingale strategies or Martingale EAs are not allowed.
Alpha Capital Group consider Martingale strategies to be the following:
Opening a position in the same direction whilst the first position opened is in drawdown. If the consecutive position is opened at an exponent more than 1x we consider this to be martingale strategy.
For example, if you open a 1lot buy on GBPUSD, and this position goes into open drawdown, you can open additional buys on GBPUSD as long as the lot size is the same or smaller, you cannot increase the position size. – Once all buys are closed on GBPUSD, you can then open a new first trade on GBPUSD at a position size of your choice unrestricted. Please refer to image for further clarity.
During stage 1 of the Alpha pro 2step evaluation, if you pass but have been flagged for martingale, we will consider this a soft breach, provide a detailed explanation of the above rule and the trades which were flagged, and offer you a free retry.
The account must be in a profit above starting balance to be eligible for a free retry when in breach of this rule.
Note, for stage 2 & Qualified Trader accounts free retries are not given, as we expect traders at this stage to fully understand the rules and requirements.
Note, there is a Martingale counter on the dashboard, if 3 martingale trades are placed, the account will be closed
If you are on a stage 1 account please email [email protected]