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Originally Posted by sampson
I'll have a go at it, just want to double check the rules:
If a trade is open for more then 2 days, it's closed, correct? Is this considered a loss when it comes to the martingale component? Or is it only a loss if it hits the stoploss?
Anything else I should know?
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Under the original rules, the trades were closed at the end of the day. The multiplier for martingale rules would be something like this:
New Lot size = +(net loss / 10 ) +1, so if first round lot size is 1 and it got closed at -34, then it would be 3.4 + 1 or 4.4 for the second round trade on the side of the loss.
So far the only trade i have seen last a whole day or longer is the EurGbp as it isn't that fast of a mover. I have no problem letting this one run, and to keep adding in trades for this one. Yesterday i had 3 EurGbp trades left over from last week cash out in profit today, so they seem to work out too, just not as fast as the other pairs.
Hope that helps,
Graham