Quote:
Originally Posted by davidke20
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?
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Yes, the math does not look very encouraging in this case. And there would be a lot of losses like that. The only exit is when we reach MaxTrades, say 5, and the 5th order moves pipstep + 1 p into profit (to mimic exact typical martingale stoploss). In this case, we will have (say pipstep = 15, maxtrades = 5):
0.01 lot - +76p - +7.6$
0.02 lot - +59p - +11.8$
0.04 lot - +42p - +16.8$
0.08 lot - +25p - +20$
0.16 lot - +8p - +12.8$
total +69$
The question only is: will those trends occur often enough to cover losses?