Martingale Strategy - Pip Steps & Lot Sizes are VERY IMPORTANT
Hedging, grid trading, same as Martingale.
Martingale, Hedging and Grid : MHG - General - MQL5 programming forum 2016.12.20
Martingale, guaranteed to blow your account eventually. If it's not profitable without, it is definitely not profitable with.
Martingale vs. Non Martingale (Simplified RoR vs Profit and the Illusions) - MQL5 programming forum 2015.02.11
Why it won't work:
Calculate Loss from Lot Pips - MQL5 programming forum 2017.07.11
THIS Trading Strategy is a LIE... I took 100,000 TRADES with the Martingale Strategy - YouTube
For all EAs, if the entry point of trade is good, which can lead to have good profit.
However, if market goes to opposite direction, Martingale System can lead your from getting loss to profit.
Pip Steps & Lot Sizes are VERY IMPORTANT areas that you MUST take is seriously.
Hints for Pip Steps: Using historical data to calculate maximum volatility of a trend. You may use manual/dynamic steps (with some indicators help) to add martingale orders.
Hints for Lot Sizes: Based on how fast (along with corresponding risk) you want to cover the loss. If you have good tools to help for getting better Pip Steps, you can reduce lot sizes / risk.
Lastly, remember to set reasonable Take Profit & Stop Loss. Don't drill on rarely case and let it to be stopped loss. Wait for other opportunities to keep getting profits.
It can also lead to a larger loss then the initial loss. And if there is no further risk control, margin call.
Taking into account the lack of utilized margin reserved for the martingale chain, you in fact lose money. Nobody seems to take this into consideration.
There is a cost of not loosing a trade, not even taking into account accumulating swap holding on to a loosing position which is mostly negative nowadays.
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For all EAs, if the entry point of trade is good, which can lead to have good profit.
However, if market goes to opposite direction, Martingale System can lead your from getting loss to profit.
Pip Steps & Lot Sizes are VERY IMPORTANT areas that you MUST take is seriously.
Hints for Pip Steps: Using historical data to calculate maximum volatility of a trend. You may use manual/dynamic steps (with some indicators help) to add martingale orders.
Hints for Lot Sizes: Based on how fast (along with corresponding risk) you want to cover the loss. If you have good tools to help for getting better Pip Steps, you can reduce lot sizes / risk.
Lastly, remember to set reasonable Take Profit & Stop Loss. Don't drill on rarely case and let it to be stopped loss. Wait for other opportunities to keep getting profits.