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How do you exit from a martingale position?

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Dua Yong Rew
5481
Dua Yong Rew  

It's easy to write a martingale EA.

But how do you exit the martingale position?

Carl Schreiber
7109
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.

Marco vd Heijden
Moderator
5172
Marco vd Heijden  

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

Actually should be in between 1 and 2..

Osama Shaban
1525
Osama Shaban  
Calculate breakeven point (averaging) then add extra pips.
Dua Yong Rew
5481
Dua Yong Rew  
Osama Shaban:
Calculate breakeven point (averaging) then add extra pips.

extra by?

and how do you come about that amount? 

Dua Yong Rew
5481
Dua Yong Rew  
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
7109
Carl Schreiber  
Dua Yong Rew:
1 > win by how much?

It depends! Are you greedy or not?

Backtests might give you a first idea.

Khurram Mustafa
35484
Khurram Mustafa  
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
5481
Dua Yong Rew  
positive by how many pips or amount of money?
Dua Yong Rew
5481
Dua Yong Rew  
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
5172
Marco vd Heijden  
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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