Calculate TP price for Martingale Expert

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Ahmed Balfageeh 2022.04.04 05:21

Hello,

I need to know How dose the EA calculate the TP price by using Martingale strategy for each trade...

If can some one share the formula with us in Exel sheet to use it ..

Thank you for ur time

David Diez 2022.04.04 08:35 #1

Ahmed Balfageeh:

Hello,

I need to know How dose the EA calculate the TP price by using Martingale strategy for each trade...

If can some one share the formula with us in Exel sheet to use it ..

Thank you for ur time

You can close at Fix Point, Average Point or Netting Point.

Fix Point is the TP based on first position's volume.
Average Point is the TP based on last position's volume.
Netting Point is the TP based on total position's volume.

Ex. TP = 50 points:

1st position: 0,01, 2nd position: 0,02, 3rd position: 0,03.

Your profit would be the volume x 50 (0,50, 1,50 or 3,00).

Take Profit for Martingale I give up on Questions from Beginners MQL5

Ahmed Balfageeh 2022.04.04 09:24 #2

I am using this formula below with expert I trading with ... but I can't understand it ... I want to transfer it to exel

Sum += OrderOpenPrice() * OrderLots();
Vol += OrderLots();
Average = Sum / Vol;
TP All = Average +- TakeProfit;

David Diez 2022.04.04 10:33 #3

Ahmed Balfageeh #:

I am using this formula below with expert I trading with ... but I can't understand it ... I want to transfer it to exel

It seems what you call Average is Breakeven in fact.

maximo 2022.04.04 10:53 #4

Code:

in_orders_loop_sum:
 total_buy += OrderOpenPrice() * OrderLots();   // example: $1 * 0.1 lots + $2 * 0.1 lots = 0.3 (for two orders)     
 total_lots_buy += OrderLots();                 //      example =0.2 lots total

// calculation to obtain TakeProfit price
double total_buy  = NormalizeDouble(total_buy / total_lots_buy, Digits);            // calculate break even price. example: .3 / .2 = $1.50 breakeven price
double TakeProfitBuy= NormalizeDouble(total_buy + TakeProfitPips * PointValue,Digits); // Break even price + TakeProfitPips