Martingale does not require doubling up to be considered martingale...a progression or a series of progression (rising and falling) is all that is needed..
Mathematical increases can be achieved several ways...0.01 lot increments does not mean that the martinglae in removed...it is just a gentle progression....
The grid this EA demonstrates allows for pyramiding...where the Blackbird does not...This EA will allow trades in the same direction according to how strong the trend develops and how the next trade is inputted.
Again, I am not a big fan of martingale as I believe there will come a day it blows up...But this EA would require the instrument to really chop around for a very long time until it ran out of margin (assuming the 0.01 increment input and proper next trade gap)...I cannot find an instance where this has happened historically yet....the problem is the lenghth of the wait and the yield on the account....
ES
Quote:
Originally Posted by WNW
First, there is a Martingale option, it will double-up.
I've been using this type of grid for quite awhile, and my experience does not bear out your comments.
Eventually price simply moves far enough that one side has more winning lots than the other, thereby creating a profit.
As I said previously, when you do use lot incrementing you can risk a loss in a fast market due to the increased leverage at work.
There is no need for a "dynamic" grid.
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