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Martingale Trend EA
As oppose to the typical Martingale EA where as we double against a trend in hopes that the market turns our way, is there an EA that does the opposite?
For example: I open a Long position (.10) with a T/P@ 100 and STOP/REVERSE@50. Now, if the S/R is hit the Long position is closed and a Sell order (.20) is triggered. This goes on until the T/P is hit or a margin call closes your positions. Essentially this EA makes money when the currency is trending. I've tested this solely on GBPJPY with a T/P@300 and Stop/Reverse@100 and works very well. Also my entries ARE NOT random! Now does an EA exist? Thnx |
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Hi Criss...........My FXTradepro Manager EA does exactly that. It also allows you to input lot sizes at each level in a Sequence Of Trades. There are several entry options for the Initial Start of the EA, such as - Immediate Entry, Timed Entry or Price Entry. I have been using this EA and a corresponding Strategy for almost 2 Years now with great success. One of the set-ups I use is similar to what you outlined in the first Post but I trade EURJPY with a 30 Pips SL (Stop and Reverse Gap) and a 120 Pip Target.
I think you were a Member of our Forum where the EA is available for Trial but you (or anyone else) can PM me if you are interested. Dan Last edited by FXTradepro : 11-16-2007 at 05:27 PM. |
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hey i'm glad you reached me because for the life of me i forgot your username and website.
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I would like to test your EA out please. Thanks! P.S. Do you have any performance spec's of using the EA??
Dave ddiebold7@aol.com |
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Hello Dave..........I just sent you an email with the Information about the EA and our Private Forum. Dan |
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Martingale EA (EAs, settings, forward testing results, many versions):
http://www.forex-tsd.com/expert-advi...promising.html http://www.forex-tsd.com/expert-advi...ity-curve.html http://www.forex-tsd.com/metatrader-...indicator.html |
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