A Hedging, Martingaling, Gridding kind of EA.
So, I have been playing with the dreaded martingale for several years now. Tons of blown accounts (which is what the martingale is famous for).
Since I look at Forex through the eyes of a gambler and not an investor. This EA was designed around that philosophy. Similar to playing multiple seats at the blackjack table. Trading multiple pairs at the same time instead of hands of cards.
Recently, I came up with the idea to limit the number of iterations that the martingale could use. I settled on 8 or less. This way, I could control loss to a maximum as set by the base lot size. .01, .02, .04, .08, .16, .32, .64 and finally 1.28 if all 8 were used.
That being said, I started playing with different entries and exits that would (hopefully) never exceed that fatal 8th loss. Or if it did, the account balance would be high enough to cover the loss (around 20%) and the multiple pairs would recover it quickly.
3/14/21 - New Settings added. New TE added on my profile. New stats on myfxbook too. http://www.myfxbook.com/members/FXSc...eam-20/8069037
So, I have been playing with the dreaded martingale for several years now. Tons of blown accounts (which is what the martingale is famous for).
Since I look at Forex through the eyes of a gambler and not an investor. This EA was designed around that philosophy. Similar to playing multiple seats at the blackjack table. Trading multiple pairs at the same time instead of hands of cards.
Recently, I came up with the idea to limit the number of iterations that the martingale could use. I settled on 8 or less. This way, I could control loss to a maximum as set by the base lot size. .01, .02, .04, .08, .16, .32, .64 and finally 1.28 if all 8 were used.
That being said, I started playing with different entries and exits that would (hopefully) never exceed that fatal 8th loss. Or if it did, the account balance would be high enough to cover the loss (around 20%) and the multiple pairs would recover it quickly.
3/14/21 - New Settings added. New TE added on my profile. New stats on myfxbook too. http://www.myfxbook.com/members/FXSc...eam-20/8069037