I noticed that those lost trades can be overcome by possible martingale. Can someone add the martingale features and do a forward test on it?
Mandarine_Fibpivots_v1 EA https://www.mql5.com/en/forum/180088 with defauls settings for H1 timeframe. I changed only the settings for Fibo (true and false).
Statements are attached.
It is with Fibo = false:
It is the visual statement:
It is with Fibo = true:
As we see - this EA with Fibo = true settings is much more reliable.
Mandarin with Martingale
Since there is noone to reply to my idea on implementing the martingale in this EA, I have made an effort to modify the code to include martingale features. Usually, for martingale EA, there is no stop loss (SL) but for this EA, all the orders will have their SL as per the 1st order.
eg. If a buying trade is opened with 240pips SL but it is downtrend. So the next new buying orders will be opened by total number of orders that you want to open, in the default, it will open a total of 3 positions, so the next new orders will be opened when it drops 80pips with the same SL and TP as in the 1st orders. The profit can be specified in dollar. By default, it is 30 to close all the orders.
I hope everyone can benefit for this change...apologies if there are mistakes in the coding and do feedback.
May be ND can help to do forward test. Thanks...
Yes. of course.
I will forward test it from Monday.