How do you exit from a martingale position?
1) When all positions summed up do offer you a win.
2) When your broker closes all position because you have no more money.
3) Manually due to a successful modification of the original concept.
Actually should be in between 1 and 2..
Calculate breakeven point (averaging) then add extra pips.
extra by?
and how do you come about that amount?
1) When all positions summed up do offer you a win.
2) When your broker closes all position because you have no more money.
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
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?
positive by how many pips or amount of money?
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It's easy to write a martingale EA.
But how do you exit the martingale position?