FXSN Ronit

Trading Expert Advisor – Capped Martingale Strategy

Problem: With the standard martingale method of placing trades, the biggest issue we face is that of extensive drawdown. Upon the start of the strategy, should a trend continue without a retraction to secure a profit, many accounts may blow due to a high drop in equity

Solution: The capped martingale strategy. The method utilises a fixed Take Profit as per EA input and secures the gain. Rather than making a profit from as per standard martingale and bombarding the account with constant cycles of a standard martingale hoping to “get rich quick” we simply secure a fixed TP until the EA is restarted. The algorithm, in basic theory is one of that where a standard martingale strategy is applied and is “capped” to a single cycle

Warning: When it comes to the download of this product please do not use the standard settings and trade live hoping to get rich. The inputs settings of the EA was created randomly by default. The best advice I can give as an experienced trader is to use the MT5 strategy tester to derive the best possible results for a test account then utilise a DEMO account for 3-4 weeks before any attempts of live trading

INPUTS

ENTRY PRICE: Place the required price (of the chart pair) for the sequence to start trading

LOT SIZE: The starting lot size of the trading sequence

MULTIPLIER: The numerical factor at which the initial lot size multiplies by

STEP DISTANCE: Displays the distance (in pips) at which new steps are opened

TAKE PROFIT: The fixed amount to which the EA closes in a gain

MAGIC NUMBER: Unique Trading Number (assign a different one if using multiple charts)