The Expert Advisor is based on the lot management according to the Labouchere system.
Author: Vasyl Nosal
Labouchère's money management is an interesting idea - on deed!
Due to this article I simulated the money management based on a "trading system" that allows me to define the percentage of profitable trades or how profitable the "system" in general is.
And I found that compared to a fixed lot size Labouchère will give you better results than fixed lot but only if the "system" is profitable!!
In case the over all average profit of the system is negative even Labouchère's management creates a much worse result!!
A martingale system where you double the most recent lot size after a loss-trade wipes out all previous losses (in case you have enough money off course!!!).
Labouchère can't and won't do that.
In my OpenOffice-sheet I compare Labouchère, Fixed Lots, Martingale and the Fibonnacci-MM.
I always start with
In case a trading system creates 60% winners (with a fixed amount of win)
In case a trading system creates only 40% winners (with a fixed amount of win)
You can see only if a system is profitable Labouchère will gain more money for you here about 5 times more but the MaxDD is ~ 10 times higher compared to a fix lot size.