Looking for a formula to open progressive orders | Forex Factory

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Looking for a formula to open progressive orders

  • #1
  • First Post: Mar 31, 2016 11:49pm Mar 31, 2016 11:49pm
Hi,

I' looking for a formula to open progressive orders depending a price level.

If level = lvl , I use : new_lot = initial_lot * MathPow(2,lvl)

with this formula the progression is martingale : 1 , 2 , 4 , 8 , 16 etc...

but I need a formula with this progression : 1 , 2 , 3 , 4 , 5 etc...

Could you provide me this progression with initial_lot , new_lot and lvl ?

Thanks.
  • #2
  • Mar 31, 2016 11:55pm Mar 31, 2016 11:55pm
Why don't you just define the lot increment ?

In your example, a 1 lot increment will add 1 lot to the previous lot ...
MT4/MT5 EAs/Indicators/Alerts coder
  • #3
  • Apr 1, 2016 12:06am Apr 1, 2016 12:06am
Quoting FerruFx
Why don't you just define the lot increment ? In your example, a 1 lot increment will add 1 lot to the previous lot ...
Thanks for your answer.
I just need 1 lot (initial_lot) for lvl=0 then 2 lots for lvl=1 then 3 lots for lvl=2 then 4 lots for lvl=3 etc etc ...
What's exactly the formula ?
Regards.
  • #4
  • Apr 1, 2016 1:55am Apr 1, 2016 1:55am
LotSize = PreviousLot + LotIncrement;

You just have to retrieve the last opened lot size.
MT4/MT5 EAs/Indicators/Alerts coder
  • #5
  • Apr 1, 2016 2:04am Apr 1, 2016 2:04am
Quoting FerruFx
LotSize = PreviousLot + LotIncrement; You just have to retrieve the last opened lot size.
OK thanks
  • #6
  • Edited 3:03am Apr 1, 2016 2:37am | Edited 3:03am
Quoting madscalp
Hi, I' looking for a formula to open progressive orders depending a price level. If level = lvl , I use : new_lot = initial_lot * MathPow(2,lvl) with this formula the progression is martingale : 1 , 2 , 4 , 8 , 16 etc... but I need a formula with this progression : 1 , 2 , 3 , 4 , 5 etc... Could you provide me this progression with initial_lot , new_lot and lvl ? Thanks.
I would personally suggest:
NextLots = InitialLots * MathSqrt((MaximumAccountBalance - CurrentAccountBalance)/InitialRisk)

So if your current account balance is $100 in minus compared to your maximum balance achieved, and your target risk is $10 per trade, the lots would be

MathSqrt(100/10) = 3.1622 * initial lots

This a very safe method for increasing lotsize
  • #7
  • Apr 1, 2016 2:51am Apr 1, 2016 2:51am
Quoting GoldTheHun
{quote} I would personally suggest: NextLots = InitialLots * MathSqrt((AccountBalance - AccountEquity)/InitialRisk) So if your equity is $100 in minus, and your target risk is $10 per trade, the lots would be MathSqrt(100/10) = 3.1622 * initial lots This a very safe method for increasing lotsize
Here is a brief comparison of increment and the method suggested in previous post (post 6):

Increment Lots: Lost Units Sqrt method
1 1 1
2 1 1
3 2 1.41
4 3.41 1.85
5 5.26 2.29
6 7.55 2.75
7 10.3 3.21
8 13.50 3.68

Increment method went up to 8, sqrt method up to 3.68.. I am not even going to mention martingale, that would be huge at this level...

Hope this helps...
  • #8
  • Last Post: Apr 1, 2016 3:02am Apr 1, 2016 3:02am
Quoting GoldTheHun
{quote} Here is a brief comparison of increment and the method suggested in previous post (post 6): Increment Lots: Lost Units Sqrt method 1 1 1 2 1 1 3 2 1.41 4 3.41 1.85 5 5.26 2.29 6 7.55 2.75 7 10.3 3.21 8 13.50 3.68 Increment method went up to 8, sqrt method up to 3.68.. I am not even going to mention martingale, that would be huge at this level... Hope this helps...
Good idea too GoldTheHun
I ' m trying
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