Quote:
Originally Posted by ElectricSavant
wolfe,
I just wanted to share what I have so far as you asked for feedback..
I am testing your EA and living with it. I find it very similar to Blackbird, but it is wider in its choices.
Let me reiterate that if the user does not step up his exposure, then the Global TP and SL should not be stepping up with a percent of banked...
ES
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I haven't looked at how this EA differs from other martingalers, apart from noting that it does not actually martingale (incremental increases, rather than doubling-up) - but you MUST increase the pips range in order to profit when you close a series of any length, otherwise the series may close successfully, but it will be at a loss! This is in effect, increasing your TP. Reducing your risk by incremental increases requires you to 'compensate' by increasing the range price must move before you may close profitably, everything comes at a price...
Or am I completely off-base here?...