Success with Martingale & Hedge - Possible?

Hi, I would first like to thank you for the EA, and say I'm happy about it. However,
I would like the EA to chart an individual stop loss for each open position.
Has anyone got this to share? Thanks.

Yes, it is possible to gain success with the Martingale & Hedge strategy, but only in the short term. A trader should set a stop loss at an appropriate level to avoid losing all of their money. It's also not recommended to trade the same currency pair with both strategies, as this will cause one strategy to have a negative impact on the other.

Hi, you still trading on this EA? I have an idea to optimize the EA. Just need to run enough data to know at what lot size the % of turn around. By getting this data, you can set when the engine to kick in to optimize

I think that the use of martingale can be profitable in forex, but it should only be used as an auxiliary tool, and not in its pure form. I have met a lot of profitable Forex advisors that have been trading for years, where Martingale is used as an auxiliary tool, but in its pure form it always leads to a loss.

Martingale is always a bad idea.

Not absolutely, if you understand to use it's strengths. But, perhaps you had some bad experience using it.

I have used soo many variations of it, and I've seen it's strengths and weakness. Currently, I do still use in some systems even after over 20 years of trading experience, and it's profitable to be frank if you use it wisely.

Don't know about it's strengths but I find more weakness in it.

I had a expired EA, but you can Backtest. the way it works may be the same as Martingale + Hedge, but with only ONE single trade to hedge, NOT like Gowithflow with the same number of Opposite trades made , which makes a dangerous DD.

I'd like people to see how this EA works and may be some expert there can find it strategy and make Gowithgrow better EA.

Thank you.

Martingale and hedge are two different trading strategies that can be used in the Forex market.
Martingale is a strategy that involves increasing the size of a trade after a loss in order to recover the lost amount and make a profit. This strategy can be successful in the short term, but it can also lead to large losses if the market moves against the trader. It can be very risky, especially if the trader does not have sufficient capital to cover the increasing trade sizes.
Hedge, on the other hand, is a risk management strategy that involves taking offsetting positions in different markets or instruments in order to reduce the overall risk of a portfolio. This strategy can be successful in reducing the overall risk of a portfolio, but it can also limit potential profits if the market moves in the trader's favor.
It is possible to use Martingale and hedge strategies together in Forex trading, but it requires a great deal of experience and knowledge in order to be successful. It is important to remember that no strategy is 100% successful and both strategies are associated with a high level of risk. Therefore, it is important to thoroughly understand the mechanics of each strategy and to use them with caution.

Hi Sir , what about a martingale hedge ea that open trades in a fixed point , so i'm talking about a hedge with same sl , same tp with a low multiplier to reduce martingale risk , the strategy martingale + hedge is very very good and all us know , and we know too that in some moment we will be right and we 'll make profits , the only problem is that orders lot grow fast and blow the account fast too and i thought a way to fix it , Let me explain better because at first time you heard what i'm saying maybe is hard to understand , i tried to do it mannualy but this is impossible

the EA i'm talking will work with just 2 orders at same moment , i repeat 2 orders only , 1 pending when happen a sl hit and 1 that will be opened in opposite side in same moment that happen a sl hit , in pairs like gbpusd or xauusd , they move a lot and spread is low , why not eurusd ? gbpusd moves more pips in a week , xauusd moves more than gbpusd and this is very good for the ea because it can move in any side , doesnt matter , we will make profits in any scenario , bulish or bearish , the only weak is a few pips consolidation zone that is very very rare to happen in gbpusd and xauusd or gbpjpy

i'm thinking to put 1 pip Stoploss and a 136 pips take profit , GBPUSD , trying to catch the moment that market move in one direction and not come back from that fixed point

So , why 136 pips take profit ? , because is 80 x 1.7 ( 1 pip stoploss + 0.7 pip ( broker comission ) ) , gbpusd have a very low spread in Icmarkets (sometimes 0.3 Pips spread ) and moves a lot , the multiplier will be 1.0125

So , the trades need to be placed at a fixed point , and the Ea will repeat them over and over again , to catch when market moves 136 pips in any direction , when sl hit , the ea needs to put a pending buy order or a pending sell order , with the multiplier 1.0125 , but if the EA have a custom multiplier and custom TP/SL we can use more pips in take profit to reduce martingale risk , with this configuration in EA we can easily make 8% profit with 200 attempts to catch a 136 pips move in any direction , or a 16% profit with 150 attempts to catch a 136 pips move

For example :

Nº1) buy gbpusd 10.00 at 1.25000 SL 1.24990 TP 1.26360
Nº2) pending sell order gbpusd 10.12 at 1.24990 SL 1.25000 TP 1.23630 ( put this pending order together with last buy order 1 and same for below orders)
Nº3 ) pending buy order gbpusd 10.25 at 1.25000 SL 1.24990 TP 1.26360
nº4) pending sell order gbpusd 10.38 at 1.24990 SL 1.25000 TP 1.23630
N°5)pending buy order gbpusd 10.50 at 1.25000 SL 1.24990 TP 1.26360
N°6) pending sell order gbpusd 10.63 at 1.24990 SL 1.25000 TP 1.23630
...........
we can try 200 times starting with 0.1 % of the account balance risk in first trade , 1.0125 multiplier martingale , with a 1:500 leverage that is possible , only 136 pips for 8% account profit when tp 136 pips hit with 200 attempts to do that or 16% account profit 150 Attempts starting with 0.2% of account balance in first trade , same 1.0125 multiplier martingale , to blow a account is necessary to market consolidate in a 3-4 pips lateral move for hours to happen a 200 or 150 times sl hit

KashifNawaz hi, would you have any further updates on the EA preferably for MT5? thank you

Hello KashifNawaz, in the past few months I was thinking about the perfect EA, I got some really interesting ideas I would like to discuss with u. Can you please contact me?
Thanks man

I find using the 8 am to 9am range as fib bases really works for me if grid like system.

Ex.

https://www.tradingview.com/x/3lcoj4Nk

I'm new. Can someone please teach me how to martingel head?

You choose the pair that has the lowest spread to avoid paying extra spread, start from the lowest lot possible and then double lot size if you lose the trade until you win or start over from the initial lot size if your trade was profitable. You have to define stop loss and take profit for your trade, usually the ratio between them is 1:1, which of course you may tweak if you notice that it may improve your results. Your performance will consist of many small gains and sometimes abrupt heavy loss as your ability to double lot size if of course limited.

So I want to buy when the spread is double?

I have a lot of buys and sells on my chart. How do I get rid of them and why is my account saying minus?

Hello Everyone. Thank you for sharing this EA. Can anyone kind enough to fix the ordersend function of this ea? I have tested this on demo account and it has an error. Invalid lots amount and failed to to send an order.
void SELL(double ll,int m,double ssl)
{
if(ssl>0)
{
ssl=Bid+ssl*point;
if(shs)
hsb=ssl;
}
if(ll>maxlot1 && en && m==mag1)
ll=maxlot1;
else if(ll>maxlot2 && en && m==mag2)
ll=maxlot2;
int sell=OrderSend(Symbol(),OP_SELL,ll,Bid,0,ssl,0,EA_Name,m,0,clrRed);
if(sell<0)
{
Print("sell failed with error #",GetLastError());
}
else
{
Print("sell placed successfully ",m);
}
}
////////////////////////////////////////
void BUY(double ll,int m,double ssl)
{
if(ssl>0)
{
ssl=Ask-ssl*point;
if(shb)
hbb=ssl;
}
if(ll>maxlot1 && en && m==mag1)
ll=maxlot1;
else if(ll>maxlot2 && en && m==mag2)
ll=maxlot2;
int buy=OrderSend(Symbol(),OP_BUY,ll,Ask,0,ssl,0,EA_Name,m,0,clrBlue);
if(buy<0)
{
Print("buy failed with error #",GetLastError());
}
else
{
Print("buy placed successfully ",m);
}
}

is there anyone can convert this Gowithflow into mt5 version same as it ?????