Martingale
against the trend
The limit
positions have to be pending orders so we can see them on the chart.
A martingale "string" is provided below which shows the distance
between
positions and the size of each lot. Each string is either a buy string or a sell
string.
THREE TP
RULES, we need to have three options for TP. We can select which one to use.
First TP rule: If the market moves
up N pips interval(INPUT), sell. If it
moves down the same interval, from the sell position, close it with profit,
then buy.
For example. Market goes up 10 pips, sell the market with the 1st
position
lot size. If the market goes back down 10 pips, close it with profit and
buy the market where you closed the sell. We will now give the buy a chance.
On the other hand, if the market goes up after
you sell the market,
then continue to sell the market according to the martingale string.
Every time
when the market retraces N pips interval, closes the position with profit and
replaces it with a pending order of the same lot size at the same price where
it was. Also every time when the market retrace the EA begins to buy according to the martingale
string.
As soon as
we have profit from any of the closed positions, the EA checks for loosing
orders and close as many as it can, starting with the furthest.
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