Labouchere EA

Setup:

Labouchere - take X number of units each Y lots big listed from left to right. For every trade, use the first number and last number of units from that list. If the trade loses, leave the list how it is but add the total number of units lost to the end of the list on the right. If the trade wins, take the two sets of units used in the trade off; one off either side.

E.g.

Number of units = 6

Unit size = 0.1 lots

Start = 111111

1win = 1111

2lose = 11112

3lose = 111123

4win = 1112

5win = 11

6win = /

Outcome = +0.2 -0.2 -0.3 +0.4 +0.3 +0.2 = +0.6lots

Entry:

• When EA first starts place buy

• If trade wins place same direction trade

• If trade loses place opposite

Exit:

• Hit TP

• Hits SL

Visuals:

• Visual representation of example in Setup - >Showing the list of numbers only<

Settings:

• TP - X pips

• SL - X pips

• Number of units - X units

Lots per unit:

• Lots fixed or dynamic

• Fixed - X lots

• Dynamic - X lots per $X in balance