If you do not adjust the inputs in the EA...then it simply rinses and repeats. Assuming the progression allows for the TP....why would it then increase for the next identical restart? A percent increases the tp automatically assuming successive global TP's...the only reason for an increase would be larger exposure...or other progressive changes....
I think what you are failing to see...this is a global intrument only "close all" we are talking about...heck use a maxtrades of 1000 to give it room to work...it comes down to how long you want to wait....trading a single instrument like the USD/JPY will eventually give you the trend you need with 0.01 lot increments. Cable could be another candidate as long as you have the next trade set up correctly (use percent of ATR)
ES
Quote:
Originally Posted by omelette
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?...
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