In this thread I'll be looking at trade management. Position sizing, limit orders, and recovery trades.
Initially my idea is to use a modified Martingale for recovery...
limiting risk and drawdown in a recovery by increasing the position size "and the step."
Martingale is terrific as long as it works but all it takes is one run away break out
in the wrong direction to wipe out an account and it can happen very quickly.
By increasing the step as well as the position size this can slow things down until the trade turns.
They always turn at some point or another.
This expert is will be useful.
Close all positions at profit target.
Initially my idea is to use a modified Martingale for recovery...
limiting risk and drawdown in a recovery by increasing the position size "and the step."
Martingale is terrific as long as it works but all it takes is one run away break out
in the wrong direction to wipe out an account and it can happen very quickly.
By increasing the step as well as the position size this can slow things down until the trade turns.
They always turn at some point or another.
This expert is will be useful.
Close all positions at profit target.
Attached File(s)
Close all positions at profit target v1.1.mq4
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