Not Martingale! But what is it???

Jans Garkavi
259
Jans Garkavi  

Hi Traders,

Cut story short: my history showing that majority of trades which went down 20 pip or more are still hitting TP afterwards! 

Great! So I would like to open second position (when 20 pip in loss) with same SL, same LOT size, same TP or may be @ Entry Point of original trade.

Is there a name for this strategy or maybe even EA's to perform this??


Thanks in  advance,

Yan

Icham Aidibe
11973
Icham Aidibe  
Jans Garkavi:

Hi Traders,

Cut story short: my history showing that majority of trades which went down 20 pip or more are still hitting TP afterwards! 

Great! So I would like to open second position (when 20 pip in loss) with same SL, same LOT size, same TP or may be @ Entry Point of original trade.

Is there a name for this strategy or maybe even EA's to perform this??


Thanks in  advance,

Yan

It is a martingale with a second order @ the pullback.

Read about the Eliott Wave theory.