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I have searched the internet and forum, as well as the market available product, there are quite a number of such strategy. I also developed my own code. It is not as difficult as other strategy, it is more like a module to place order, rather than a strategy.
However when I use it i realize it is actually a martingale-style, using more lots to recover loss, some time this is quit risky, especially if you are trapped in a strong side move after a sharp decline of the price.
Anyone has experience in using this strategy? how to reduce this risk? Using a wider gap for the zone is my first thought to prevent it blow my account. Are there any other ways?