Simple Martingale Trading Strategy

Strategy to trade as following:

Parameters

- I choose on which symbol it work it can be multiple.

- Size = the size of the trade.

- Max Size = the total max size of the position.

- Distance = the distance between the orders.

- Max number = Max number of orders to be placed.

- TP Distance = TP Distance on the order.

- Direction = Long or short.

Strategy is simply placing Limit orders as per the parameters above so as example:

Currency EURUSD, Size = 1, Max Size =5, Distance = 10, Max Number of orders 3, TP Distance = 10, Direction Long

- Strategy will place buy EURUSD at Market lets say price is 1.1225 with Take Profit 1.1235

- Strategy will place 3 buy Limit orders of 1 lot each at 1.1215,1.1205,1.1195 each with take profit of 10 pips so 1.1225,1.1215,1.1205

- If Market Goes below no additional orders we just wait until TP is triggered.

- If Market goes to 1.1235 so the take profit is triggered immediately new Limit order is placed at 1.1225 with TP 1.1235

- If Market Goes to 1.1215 so the order is triggered and then up to 1.1225 so the TP is triggered we have to place the order again so new limit at 1.1215 with TP 1.1225.