Wolfe, as you and all other that knows something about how to must act an martingale ea ,know, till now this ea that you made, is the best one .
but there is a problem (a big one that all the martingale experts have) .that is their progression when goes so far . but market don`t go as so far as they expect to go .
take a close look at this , Wolfe ... let`s say we are in level 7 . it`s mean we begun with 0.1 and now we are going to have our 6.4 lot size order .
while there was no such a movement in market . why we went so far ? it is not logical , in my thought ,and in this case ,if our positions were against the trend ,it is a really gambling play , and, as every body knows
there is no
win for gambling players at all. most funny , when our first order goes so far in profit, but with 0.1 lot size, in this case we let it go , say 50 pips , with 0.1 we don`t do anything , but at the end of the market movement , we begin to add to our order lot sizes .in my opinion this is not logical .
OK ,our ea dose not trade against the trend . that is very good . so we are not gambling . but we need a large amount of money , to can be able ,to carry these levels to come out with no lose .
what is the solutions : first of all , it seems ,using an indicator based on price actions , will solve the problem . but as you know, an indicator also needs to be filter .
but anyway it will reduce the false orders .
the second solution and
best solution(in my thought) for this problem is ,
let the market determine for our lot sizes increment . how ? if the market wants to go 50 pips above or below the previous candle, OK let it go but not with 0.1 lot size position ,
in this case market tell us we need 50 order with 0.1 lot size . it means we must release 50 order, in every pip movement in it`s direction ,above or below the previous bar.( or every 2 or 3 or....pip market movement depends on trader risk able ) .
that was all i meant . in case of any questions ,
i can explain it on a chart.
