Gold Digger Pro

EA Behavior Summary: Gold Martingale Strategy

Core Logic: This Expert Advisor (EA) employs a Martingale money management strategy specifically for trading Gold (XAU/USD).

1. Initial Trade: The EA opens an initial trade with a predefined base lot size.
2. Loss Handling: If a trade closes at a loss, the EA opens a subsequent trade in the same direction but increases the position size (typically doubling it, based on the LotMultiplier input).
3. Consecutive Losses: This process of increasing the lot size repeats after each consecutive losing trade in the sequence.
4. Winning Trade: When a trade in the sequence finally closes with a profit, the accumulated profit from this larger trade is designed to cover all the losses incurred from the previous trades in that sequence, plus secure a small target profit.
5. Reset: After a winning trade successfully closes a sequence, the EA resets the lot size back to the initial base lot for the next new trade.

Objective: The primary goal is to recover from losing trades by progressively increasing risk, aiming for an eventual win that offsets all prior losses within a sequence.

Key Inputs (Examples):

• InitialLot : The starting trade size.
• LotMultiplier : The factor by which the lot size is increased after a loss (e.g., 2.0 for doubling).
• TakeProfit : The profit target in points/pips for each trade.
• StopLoss : (Optional, often not used traditionally in pure Martingale per-trade, but sometimes added).
• MaxOrders / MaxLevel : Limit on how many times the EA can increase the lot size.

RISK PROFILE: EXTREMELY HIGH

• Exponential Risk Increase: The core nature of Martingale leads to exponentially growing position sizes during losing streaks.
• Large Drawdown Potential: Requires significant capital to withstand even moderate losing streaks. A sustained adverse market move can lead to catastrophic losses exceeding the account balance (margin call).
• No Predictive Edge: This is purely a money management technique; it does not improve the win rate of the underlying (often simplistic) entry signal.

Disclaimer: Due to the inherent high risks associated with the Martingale strategy, extensive backtesting, optimization, and understanding of the capital requirements are crucial before use. Use with extreme caution and awareness of the potential for total capital loss.