The martingale strategy is undoubtedly a risky one but it is still popular among traders.
Octopus Martingale implements this method in its trading. The Expert Advisor can run on any currency pair.
The EA applies filters for placing pending orders on favorable trading start levels. Subsequent modification of pending orders allows you to efficiently use the advantages of the strategy. Positions can be closed by different trailing stop options.
The EA features rational risk/profit ratio. It is not sensitive to spread, news releases and various trading conditions.
- Use_LOGO - use the logo on a chart
- Period1 - first period of the indicator setting
- Period2 - second period of the indicator setting
- Period3 - third period of the indicator setting
- Signal - value of the parameter that defines entries
- Order_Step - minimum distance between orders
- Step_coef - increase ratio of the minimum distance between orders
- OrderOpen - pending order distance
- TakeProfit - take profit level
- StopLoss - stop loss level
- TrailingStart - trailing start
- TrailingStop - trailing distance
- TrailingStep - trailing step
- MaxOrderMart - maximum number of orders, after which a separate trailing for the last opened order (N1) is activated
- TrailingStartN1 - trailing start (N1)
- TrailingStopN1 - trailing distance (N1)
- TrailingStepN1 - trailing step (N1)
- Lot - initial lot
- Use_AutoMM - enable auto lot calculation (recommended)
- AutoMM - lot calculation in deposit percentage
- Coef_Lot - lot increase ratio
- Slippage - slippage
- Magic - unique ID of the EA trades
- OpenOrderComment - EA comment