Help with martingale

Hi guys, i'm using this code to find out if an order has closed in Loss or Not. but... when the order is modifyed and close in profit but because of the trailing it says closed by SL, the EA start martingale without an loss order. How to avoid it? Another thing i would like to know how to do is how to make EA start martingale after 3 consecutive losses? Here is the code i'm using:

global-variables:
int time_loss = 0; // number of times ea has lost
double ResetLots = 0.1;
//end of global variables

if (useMartingale == true) {
int last_trade=OrdersHistoryTotal();
if(last_trade>0) {
if(OrderSelect(last_trade-1,SELECT_BY_POS,MODE_HISTORY)==true) {
if(OrderSymbol()==Symbol() && OrderClosePrice()==OrderStopLoss() && OrderMagicNumber() == MagicNumber) {
//Print("Last closed order was OrderType = ",OrderType()," Time = ",TimeToStr(OrderCloseTime())," close at StopLoss ",OrderClosePrice());
if (time_loss == MartingaleAfter) {
time_loss = 0;
Lots = OrderLots() + IncrementSize;
if (Lots > MarketInfo(Symbol(), MODE_MAXLOT)) {
Lots = MarketInfo(Symbol(), MODE_MAXLOT);
}
}
time_loss = time_loss+1;
}
if(OrderSymbol()==Symbol() && OrderClosePrice()==OrderTakeProfit() && OrderMagicNumber() == MagicNumber) {
//Print("Last closed order was OrderType = ",OrderType()," Time = ",TimeToStr(OrderCloseTime())," close at TakeProfit ",OrderClosePrice());
Lots = ResetLots;
if (Lots < ResetLots) {
Lots = ResetLots;
}
}
}
}
}


Thanks

try to use this.....

top off the EA code;
extern bool Martingale=false;//|-----------------martingale
extern double Multiplier=2.0;//|-----------------multiplier martingale
extern double MinProfit=50;//--------------------minimum profit to apply the martingale

add this after int start();
if(Martingale)CalculateMartingale();Balance=AccountBalance();

put this at the bottom of the code;
void CalculateMartingale()
{
double InitalLots=0.01;
double MinLots=MarketInfo(Symbol(),MODE_MINLOT);
double MaxLots=MarketInfo(Symbol(),MODE_MAXLOT);
if(Balance!=0.0)
{
if(Balance>AccountBalance())Lots=Multiplier*Lots;
else if((Balance+MinProfit)<AccountBalance())Lots=InitalLots;
else if((Balance+MinProfit)>=AccountBalance())Lots=Lots;
if(Lots<MinLots)Lots=MinLots;
if(Lots>MaxLots)Lots=MaxLots;
}
return(0);
}

Regards

Thanks, i think this should solve the problem =).

Kindest regards,

Any possibility that you will share your martingale EA?
We can share some ideas here. I only do martingale with proper risk/money management. I trade manually but would love to have an EA or script to place my initial trades. Anyone here who can help?

Thank you so much for your quick response. Your help is of outstanding value to me. Thanks again....

Respected cobra,

Can you update the martingale EA, I have give some example here...

Respected cobra,

can you reduce the risk,
if this EA enter martingale lot size , ( 0.01, 0.02, 0.04, ...), Can you have update the individual trade take profit ( TP), because...


Please can you update this method, I will check in alpari, fxcm, FXPro
This method they have successfully doing in alpari micro account and FXPro account

Trading time alpari: 23 to 5

Example: UK alpari broker

0.01 lot EURUSD has buy price 1.34630, indidual TP: 1.34645
and
0.01 lot sell price : 1.34624, individual TP: 1.34609
pip step : 40 micro pip ( 5 digit broker)

if price move down

0.02 lot buy price: 1.34595, TP: 1.34610,
now 0.01 sell lot has reach the TP: 1.34609

if market move down
0.01 sell lot price: 1.34598, individual TP: 1.34583

if market move down

0.01 sell lot has reached, TP: 1.34583
then another sell
0.01 sell lot price: 1.34270, Individual TP: 1.34555

Price is move up, now

so now sell 0.02 lot
0.02 lot sell price: 1.34613, individual TP: 1.34598

price move up
0.02 lot buy has reach the profit, TP: 1.34610

price has another move up
0.01 lot buy has reach TP: 1.34645
and now
0.04 lot sell price: 134646, individual TP: 1.34631


So I have attached martingale EA we want update:
buy and sell
adjustable & individual Take profit pip
Adjustable Pip step
Number of step
Trade able time
equity percentage stop and more

bye
ajentha

thanks for gimme some idea....

This sounds very much like a Grid Type martingale.. lots of EA are out there using this technique. I have my personal one as well but I do not double the lottage like the one shown here (which will take the account out at 100~150 pips run); I add positions such that it can withstand 300~400 pips drawdown. it was great for currency pair that swings within a tight 300 pips range (EU, UJ comes in mind).

Brokers love this EA.. it generates a lot of trades such that even a small 10K account can generate as much as 50~100 lots of trades a month!

Hi,

How do I get the code modified so that the Martingale double the risk, not the lotsize.
For example:
Account Balance = 10000
Risk = 5%
RiskMultiplier = 2

First trade loss. -> Account is 9500 (10000-5%(500))
Second trade loss. -> Account is 8550 (9500-10%(950))
Third trade win. -> Account is 10260 (8550+20%(1710))

Martingale strategies are always self destructive,no ?