Reverse Martingale strategy
where ever u see any Ea or strategy u will always find a martingale strategy , we know it is a good strategy for loosing money
i am thinking why cant we try a reverse martingale strategy , here is my idea
Assume that market in in buy trend so we took buy order
0.1 buy order opened
if market went up 15 pips
we moved SL of trade 1 to 10 pips
we open another trade 0.2
0.2 buy opened
if market went 30 pips
we moved SL of trade 1 &2 to 25 pips
we opened another trade 0.4
0.4 buy order opened
if market went 45 pips
we moved SL of trade 1 ,2&3 to 40 pips
we opened another trade 0.8
0.8 buy order opened
if market went 60 pips
we moved SL of trade 1 ,2,3 &4 to 55 pips
we opened another trade 1.6
1.6 buy order opened
if market went 75 pips
we moved SL of trade 1 ,2,3,4&5 to 70 pips
we opened another trade 3.2
we keep on continue this until we hit the SL , i know it will not happen easily but even if we hit it once we can hit a jackpot
if we are lucky we can get good amount of profit
What do u say guys ?
Hi Techlover! :-)
I've heard about a similar strategy to this idea. The power of this kind of positioning is that it results in a high reward to risk ratio. I may develop an EA to backtest it.
Thank you math , this is a good strategy but we cannot always win but if we win we can get good profit,
You only described the winning scenario, what about the losing one and the variants in between ?
In short, you should write an Ea for this to see what the backtests results are.
Also I wouldn't discourage you but the reverse martingale is an old idea that many have tried without much success more or less like the standard martingale but that shouldn't prevent you to try and even succeed.
Anyway, good luck with your venture,
and thank you for your views, no strategy is 100% success in fx market , only thing is we shld improve the strategies to make it working
and if the all the traders have there ideas on any strategy, we can make it good
u just need one good trade on trending without any pull back and u gonna make big bucks.. Imagine G/J suddenly drop/spike 200pips..
and we can use this in news time aswell by opening buy and sell order at same time
the the problem in front of the trader was we will allow the negative trade for long time but we will close positive in a short time with low profit
Waiting for the Ea Math
hope it will be done by that time
Here is the first version of the EA. The user fires Buy or Sell order, and the EA takes care of the rest.
This is not Auto Ea, you have to do it live
if u want to open buy trades pres Fire buy
If you wat to open sell trades press Fire Sell
you can open both buy and sell at a time by changing Magic number
That i have tested but in instaforex it not worked.
but in ic market demo it worked.
The first version only works on demo accounts since it has not been tested yet.
Thanks Techlover for this strategy and MathTrader7 for the EA.
It is a good strategy and I shall wish if possible to apply it to my real account, it is an microaccount thus not of big risk.
Please to put the EA in real for a microaccount.
Thank you very much
I agree since I always test my EA's under live conditions. Alternatively, if you could supply the MQ4 file so that we can look at it a see if we can see any questionable logic in your EA.
Currently, I am using a couple of scripts and a Trade Manager to enter Reverse Martingale orders and manage them as they move.
GREEN pips to one and all.
dear math, please make it possible to be used on real account. i'm looking forward to use it on NFP news.
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