Ok guys, you stirred up my creative juices earlier.
The attached has the settings I found successful in backtesing on the M1 chart from Early Feb until yesterday. Be warned that backtesting is notoriously unreliable and the results I gained could well have been rubbish.
If the initial trade fails and the bot goes to the next level, it will also send a hedging trade in the opposite direction. In the inputs section, the initial trade inputs have the prefix 'First', whilst the hedge trades have the prefix 'Hedge'.
FirstTradeLotMultiplier is the Martingale multiplying factor.
The idea is to send a hedge with L2+ trades that is a fraction of the First trade, so HedgeTradeLotDivisor takes care of the maths. For example, the second trade in the Mart sequence is 0.02 lots; the default HedgeTradeLotDivisorwill result in a hedge trade or 0.01 lots.
I leave you to work the rest out for yourselves.
Have fun and see what happens on demo.
The attached has the settings I found successful in backtesing on the M1 chart from Early Feb until yesterday. Be warned that backtesting is notoriously unreliable and the results I gained could well have been rubbish.
If the initial trade fails and the bot goes to the next level, it will also send a hedging trade in the opposite direction. In the inputs section, the initial trade inputs have the prefix 'First', whilst the hedge trades have the prefix 'Hedge'.
FirstTradeLotMultiplier is the Martingale multiplying factor.
The idea is to send a hedge with L2+ trades that is a fraction of the First trade, so HedgeTradeLotDivisor takes care of the maths. For example, the second trade in the Mart sequence is 0.02 lots; the default HedgeTradeLotDivisorwill result in a hedge trade or 0.01 lots.
I leave you to work the rest out for yourselves.
Have fun and see what happens on demo.
Attached File(s)
Mystic auto trading robot with extra sauce by Steve Hopwood.mq4
29 KB
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587 downloads