I perfectly understand that. Sorry if the term 'pseudo grail' was missleading. Lets call it 'lookalike-grail', i guess it would not even worked if you have started it in 2003. Most likely because of requotes/slippage at those gaps.
Reminds me on my early days in forex/automated trading -> https://www.mql5.com/en/forum/126819
First one, and first line which I changed was instead of modifying sent order for sl-tp, replaced that into sending another stop-order.
(Sry for that, thats my practice, I am from old traders ;), we're never placing stops or tp)
Don't worry I'm not a big fan of Stop-Loss or Take-Profit Orders either (unless capital-preservation becomes more important to me than capital-growth ) ;).
1.) lots, changed from martingale into 1% risk from account. On that note, explain this. Does it mean you size the orders to use 1% of margin? Or does it mean you close-out the series when the combine loss-of-all orders or a single order == 1% of account?
When do you reverse? When a profit-level or % is hit. Or when the Gap-level is hit? Seems like Gap_Level if we're talking about Scalping here.
I'll put on more periods (now)... for convenience, but don't take a word for time -)
... When a profit-level or % is hit. Or when the Gap-level is hit? Seems like Gap_Level if we're talking about Scalping here.
1.) ...size the orders to use 1% of margin?
- 1 order 1%, (that's a lot) pending order (one) + 1 %
2) When do you reverse?
- I told ;), none from both, but when condition for opposite direction has been met (that's sell HIGH) Gap is just a choice for the limit order
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