Thread: Martingale EA
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Old 01-31-2008, 02:17 AM
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Quote:
Originally Posted by WNW View Post
You're making this all too complicated. Any compensating mechanism will work just as much against you as for you.

1. DON'T USE ANY INCREMENTING (DAMMIT!) This is the main cause of the problem.
2. Widen your grid and make it reasonable according to volatility
This is a matter of experimentation
3. Use pairs with low spreads, 3 pips or less
4. Stick with trending pairs, not volatile pairs. Euro is better than GBPJPY
5. Make your TP smaller than the grid size minus the spread
6. Don't use a SL.
I think WMW is right on these points. Especially on #5 & #6.
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