Quote:
Originally Posted by mrv
Hi all,
Just a thought on martingale, maybe someone will find this useful: if martingale is always loosing money, what would happen, if we reverse it? Multiply our positions when going into profit, set a small stoploss and let trend to take care about the rest. It should look like that:
1. enter 0.1 lots long eurusd, sl = 28 pips
2. when and if in profit 15 p, enter long 0.2 lots, move sl on both positions to 28 p from second entry
3. repeat this for another couple of times, then tp at 16 p.
All martingales will loose sooner or later, so this "reversed martingale" should inevitably win big at some point.
I will try to change existing martingale ea, say 10p3, to work like this sometime this week.
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Its has been done in house. And its the fastest wipe out EA I've made so far - reverse martingale(or we called it pyramidding to be exact).
When you stack your order to winning as below
Buy 0.10
Buy 0.20 -2spread when 0.10+15pips
Buy 0.40 -2spread when 0.20 +13pips & 0.10 +28pips
Market retrace 14pips
Buy 0.40 -16pips -6.40
Buy 0.20 -1pip -2.00
Buy 0.10 +14pips +1.40
Your total balance is
-7.00 Congratulations!
Stop Loss adjusted to 28 from the last progression? Lets see
Buy 0.40 -30pips -12.00
Buy 0.20 -15pip -3.00
Buy 0.10 0pip +0.00
-15
Besides, when will be the best exit? Stack orders until when?
Regards
David