I am very interested in the Double in a Day technique. I am starting this thread in order to create a completely free EA that will be available to everyone. if you are not familiar with this technique, you can find a lot of documentation on YouTube.
it is more of a money management technique that can be used in any system. Basically, you will enter the market N times as follows:
* Entry 1: you are risking R
* Entry 2: make sure entry1 and entry2 are at breakeven
* Entry 3: make sure entry1, entry2 and entry3 are at breakeven
.
.
.
*Entry N:
please note that you are only adding to a winning position, the overall position has one TP, and once entry1 is at BE your total exposure is $0 for the rest of the trade.
If you are interested, let s discuss how we should go about implementing this EA. We should write a flow chart or a pseudo-code at start.
it is more of a money management technique that can be used in any system. Basically, you will enter the market N times as follows:
* Entry 1: you are risking R
* Entry 2: make sure entry1 and entry2 are at breakeven
* Entry 3: make sure entry1, entry2 and entry3 are at breakeven
.
.
.
*Entry N:
please note that you are only adding to a winning position, the overall position has one TP, and once entry1 is at BE your total exposure is $0 for the rest of the trade.
If you are interested, let s discuss how we should go about implementing this EA. We should write a flow chart or a pseudo-code at start.