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How do you exit from a martingale position?

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Dua Yong Rew
5436
Dua Yong Rew 2016.03.08 16:04 

It's easy to write a martingale EA.

But how do you exit the martingale position?

Carl Schreiber
6668
Carl Schreiber 2016.03.08 17:00  

1) When all positions summed up do offer you a win.

2) When your broker closes all position because you have no more money.

Marco vd Heijden
Moderator
4728
Marco vd Heijden 2016.03.08 17:25  

3) Manually due to a successful modification of the original concept.

Actually should be in between 1 and 2..

Osama Shaban
1463
Osama Shaban 2016.03.08 17:38  
Calculate breakeven point (averaging) then add extra pips.
Dua Yong Rew
5436
Dua Yong Rew 2016.03.09 14:52  
Osama Shaban:
Calculate breakeven point (averaging) then add extra pips.

extra by?

and how do you come about that amount? 

Dua Yong Rew
5436
Dua Yong Rew 2016.03.09 14:52  
Carl Schreiber:

1) When all positions summed up do offer you a win.

2) When your broker closes all position because you have no more money.

1 > win by how much?
Carl Schreiber
6668
Carl Schreiber 2016.03.09 14:55  
Dua Yong Rew:
1 > win by how much?

It depends! Are you greedy or not?

Backtests might give you a first idea.

Khurram Mustafa
29851
Khurram Mustafa 2016.03.09 15:25  
Dua Yong Rew:

It's easy to write a martingale EA.

But how do you exit the martingale position?

when subtotal will in positive

when your broker stop your trade 

Dua Yong Rew
5436
Dua Yong Rew 2016.03.10 14:55  
positive by how many pips or amount of money?
Dua Yong Rew
5436
Dua Yong Rew 2016.03.10 14:57  
Carl Schreiber:

It depends! Are you greedy or not?

Backtests might give you a first idea.

if one trade the tp can be 50 pips

if i use martingale then tp need to be how many pips? how to consider the amount of lotsize into take profit

Marco vd Heijden
Moderator
4728
Marco vd Heijden 2016.03.10 16:33  
Dua Yong Rew:
positive by how many pips or amount of money?
Thats numbers for you to find out... they differ for each pair .
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