Profitable EA hedging system

 

Hello,

I have an idea for an EA which looks like the holy grail on charts.

Basically all it has to do on 1hr chart is:

.buy 1 lot when 8 moving average crosses 50 moving average.

. If signal was wrong sell 2 lots when 8 crosses 50 again.

. If bad signal (rare) for a 3rd time buy 2 more lots when 8 crosses 50 again.

. close orders in profit when 8 crosses 50.

Anyone want to give this EA a go?

 
jimer013:
Hello,

I have an idea for an EA which looks like the holy grail on charts.

Basically all it has to do on 1hr chart is:

.buy 1 lot when 8 moving average crosses 50 moving average.

. If signal was wrong sell 2 lots when 8 crosses 50 again.

. If bad signal (rare) for a 3rd time buy 2 more lots when 8 crosses 50 again.

. close orders in profit when 8 crosses 50.

Anyone want to give this EA a go?

a holy grail ? this strategy are simply martingle one, never works on the long run. resulted high Drawdown. you can find many this kind of ea freely through the net, forexhacked works same ways and many more. my suggestion never go with such trading style, unless you have an unlimited money to top up you account balance. i've been done many ea research, now i stick with tick scalper system use with my armada markets account, no lot increasement, no indicator use, less DD, less false entry, while supported by decent trading condition