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i need a straight forward martingale ea.
martingale strategy is nothing but simple doubling the bet every x number of pips
for ex: if u open a long position at price of 30000 my target will be 30100 that is 100 pips, but if market comes downs to 100 pips at 29900 1 lot more long position should be executed so total standing position will be 2 and target for both the lost will be 100 points from last brought price that is 30000 this time , suppose market further comes down to more 100 points that is 29800 then more 2 lots should be brought means now we have total 4 lots open long , this time target for all 4 lots should be 28900. and so on,
same way second scenario after opening the first long trade at 30000 if market goes at 30100 square off the postion and open a new short trade with 1 lot at 30100 with target of 30000 if market goes further up at 30200 we open 1 more short so with total 2 short positions now target is 30100, if market goes further up at 30300 we open 2 more shorts here so now total positions are 4 and target for all 4 is 3200, and so doubling the lots every 100 pips.
add max number of orders , multiplier ratio ..distance to open increased lot order . and TP option.
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