OILFXPRO Martingale breakout system E A 100% PROFITABLE
el cid,
Martingale systems always look good on paper, they eventually blow out your account. I studied them for quite some time, made some EA's to test them, was very excited about them. Bottom line is you need a HUGE account to sustain them. If I had enough money to sustain this type of system, I wouldn't risk it on forex. 
Rename it antimartingale
el cid, Martingale systems always look good on paper, they eventually blow out your account. I studied them for quite some time, made some EA's to test them, was very excited about them. Bottom line is you need a HUGE account to sustain them. If I had enough money to sustain this type of system, I wouldn't risk it on forex.
One does not really need a huge account..............with mini lots and smaller positionsizing available ,one could easily spread $10,000 over 8 currency pairs .....run an a p i and make $35,000 per annum
Most mechanical breakout systems on fx blow accounts anyway,so this one has greater probabilities of success
Most martingale system are countertrend................this one is really a trend following anti martingale
Regards El Cid
One does not really need a huge account..............with mini lots and smaller positionsizing available ,one could easily spread $10,000 over 8 currency pairs .....run an a p i and make $35,000 per annum
Most mechanical breakout systems on fx blow accounts anyway,so this one has greater probabilities of success
Most martingale system are countertrend................this one is really a trend following anti martingale
Regards El CidAnti-martingale? How is it anti-martingale if you keep increasing lot size? Not sure if I fully understand your logic behind system. Do you have orders open across 8 currency pairs all at once? If you want an EA then it is mechanical right? You have my interest, have you tried to code this?
anti-martingale???
El Cid,
I think you mean pyramiding.
COTtrader
Anti-martingale? How is it anti-martingale if you keep increasing lot size? Not sure if I fully understand your logic behind system.?
Most martingale systems are countertrend systems.If a trend is up go short.
If a trend is down go long and keep increasing positions against the trend and finnaly throw in the towel when the trend really gets strong.
This system looks for the trend and goes with the trend .It is a breakout martingale system for following trends.
Regards
El Cid
CLARIFICATION
Take a position long or short ..................if you are longthen 10 pips below double your position and go short ....this time take 3 positions 1 to cancel existing position and 2 to double up on the breakout
If position goes against you ...............at 10 pips higher go long 6 positions
continue doubling your breakouts everytime the trade reverses and loses moneY
El CidTHIS IS A CLARIFICATION
Anti-martingale? How is it anti-martingale if you keep increasing lot size? Not sure if I fully understand your logic behind system. Do you have orders open across 8 currency pairs all at once? If you want an EA then it is mechanical right? You have my interest, have you tried to code this?
Open order positions across 8 currency pairs .Yes
It is mechanical
No I have not tried to code cause I am not good at programming.
I was thinking more about using it at a broker like Oanda whose minimum position size is about 1 euro usd or 1 unit.Here one could run api with lots starting at 500 and starting new sequences of martingales BREAKOUTS every 20 pips.Your first martingale could be running and you open another sequence.
u trade a reverse position sequence at every 20 pip level on a sub account
It would work
One would have to close positions by friday cause of weekend close /open
Regards
El Cid
Is seems to me that your idea is the same as this one https://www.mql5.com/en/forum
Or is anything different ?
martingale
Actually most martingale are random entry.
All mine are trend following, so is terminator. Goblin is near random.
No body on here is making martingale signals counter trend. Not that I have seen. Wouldn't be logical.
Martingale only bust your account if you let it.
Also I know for a fact 8 pairs run by martingale will bust when they all get pyramiding orders open all at the same time. 3 pairs is pushing the limit even with small position.
All my opinions come from real account experience with martingale. Not theory.
Dave
Is seems to me that your idea is the same as this one https://www.mql5.com/en/forum Or is anything different ?
The idea is very similiar
I will expand on it with improvements to entry ,reverse trading in synch
and with emphasis on day trading
Thanks
El Cid
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No more technical anylysis , no more guessing direction and sweating on the futures market..
Example :Take a pair calculate its daily volatilty and create a channel................Example euro/gbp ........10 pips above to go long 10 pips below to go short.
Take a position long or short 10 pips below double your position and go short ....this time take 3 positions 1 to cancel existing position and 2 to double up on the breakout
If position goes against you ...............at 10 pips higher go long 6 positions
continue doubling your breakouts everytime the trade reverses and loses money
Suggested channels:
Euro/usd 20
Usd/chf 20
usd/yen 20
cad/yen 20
cable 30
euro/yen 30
euro/chf 20
Never trade before major news
Always stop and double
Take profit target += average loss recovery + 5 pips to exit.If lots build up to unacceptable risk ,exit at first profitable exit or b/e
Now make an E A and tell them that u are a skilful trader
Gamble in style
El Cid