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EA is based on martingale with 3 level of setting with similar parameter, these inclusive of initial lot size, price gap, take profit, multiplier & number of trade allow in each level.
When price going down, sell trade will open and TP, while buy trade will keep on martingale in 3 level, in such a way that all buy position will be close when price
reverse to Average Cost of open trade + profit pips.
When all trade based on 3 level of setting already open and yet price still no rebounce, hedging will take place. The hedging position will closed together with some of the buy trade , with profit.
and the closed buy trade will re-open at lower price range, this is to bring down the average cost. and this cycle keep on repeating until the whole martingale is closed with profit.
The EA should work on 4 digit/5 digit broker, ECN broker.
Only selected candidates will go through more details about the logic.
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