It looks like it will actually opened 12 charts, but it is not. May be this example could help:

Current price is 1.3000
First Chart, V12 normal - BUY
Second Chart, V12 reverse - SELL.
Suppose we use pips=10 - tp=12 - multiplier=2
When the price go up to 1.3012,
First chart will close trade and take profit (and start over again)
Second chart will open another SELL with double lot size

You see, that instead of overcoming loss by doubling lot size, we also be able to make profit at the same time. This is how Goblin Bipolar do.

Cheers,

Thanks John for posting the documents.

Cheers,

Yes, but to do that, don't you need 2 charts open for each pair that you are trading? You can't have 2 EAs on 1 chart. And so if you are trading six pair, you need 12 charts, right?

Oh I see, I got your point
You're right, we need 12 charts for 6 pairs.
Anyway, trading 6 pairs is so dangerous since it will be difficult to maintain, and if thing goes wrong, the result will be so devastating.

Cheers,

okay, I think we understand now. yes, 6 pairs is a lot, but he was trading only .01 lot with 1.7 multiplier.

yes, you are absolutely right, i have 12 charts, 2 charts for each pair and in general with the same settings, but with different magic number and on the first one Reverse is set to 0 and on the second one is set to 1..... thats all

behaviour is maybe very similar to BioPolar but not i 100%, beacause im not using Only Long and Only Short setting

Thanks very much. I'm IBFX too, so I've changed it. We'll see how that goes.

Cheers,

Ray

Thank you, Tawa. I sent you another private message. So you always have at least 1 buy and 1 sell open on each pair? And what timeframe are you on?

Hi Tawa,

In looking at these results, there's a section in your open orders that looks like your normal v12 and your reverse v12 were both long eurusd at the same time and you were not hedged with the reverse orders. Has that happened very often?

2007.03.22 11:24 buy 0.01 eurusd 1.3369
2007.03.22 19:31 buy 0.02 eurusd 1.3343
2007.03.22 20:15 buy 0.03 eurusd 1.3317
2007.03.23 17:22 buy 0.01 eurusd 1.3297

Yes, this situation can really happen on regular basis and because of that... i think for this type of trading is more suitable Goblin.BioPolar version