Need a cost averaging/martingale EA with manual entry

Respected Forexfactory Members,




I need a favor from all of you. I am looking for a cost averaging /martingale EA with manual entry.
I am a learning trader and would like to test the cost averaging method.
It would be great if it has a close all variable if certain $ or pips is exceeded.
i.e Close if down $100 or 100Pips.

And I need one more help I am attaching a EA that I downloaded from the website.
It does Exactly like the picture below.
I need some coders to ADD manual Entry with the lines.
i.e if the candles close above the sell line which is on the graph EA should sell and buy when the price close above the buy line.
the EA has the option of setting the PIPS GAP but there is no line.
I will have to edit the setting whenever i enter the trade.

So kindly add the Horizontal line for the trades.
Thank you

Interesting EA suscribe.

Very old and well known strategy ... and the end result is also well known ... Big loss soon or later.

I have this strategy EA created by my friend and i can tell you that is not work for retail trader. You need a large account to withstand large draw down and hoping for small profit. Of course for fund manager which look for yearly 10% ~20%, it's work successfully.

Yes sir I know you. I have read lots of your replies.
And regarding this EA I want it for testing Purpose.

Thank you Invermac.
But As Ferru FX said It has some drawbacks to overcome.

Hi howe,

I understand But I guess the broker will not charge high margins as we are hedging our position
I.e 0.01 long ,0.02 short. then the original position will be 0.01 short
so the broker will charge margin for 0.01 short
haven't tested yet but as soon as some one comes up with the edited EA with lines I will do it
thank you

I think using this EA like you say with 0.01 can work very good.

Tested idea, ranging markets will shoot you down.

SP.