I was also talking about darwin but I may have misspoke.
What I wanted to say is that, if I'm not mistaken, the max drawdown is not right on darwinex as it is calculated on a daily basis.
So before the martingale crashes, and since its principle is based on the recovery of the loss, it is very likely that the max drawdown displayed is well below the reality.
This is the same thing about the entire trackrecord, since before the crash it often shows a beautiful regular curve.
As a result, the Darwin SL could be reached much more often than it appears, which would make the investment lose before the Darwin crash.
I know there are others ways to estimate the risk that the SL is reached on the dawin, we can for example check the negative excursions.
But I think it would be useful to limit as much as possible the pitfalls in which the beginner investors could fall.
I'm agree with you that darwin adjusts the risk and that can limit the damage of a martingale, and it is also true that the SL may work for a while, but the risk remains huge.
Anyway, in my opinion, the main problem is not the result that can get a darwin based on a martingale, but rather the reliability of a trader who uses this kind of strategy.