About FIBONACCI martingale
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Hello. I want to create an EA such that; 1 open buy 1 open sell on same point. After that, all the time 10 pips negative, it will increase lot size as fibonacci ( For example ; 1-) 0,1 2-) 0,2 3-) 0,3 4-) 0,5 5-) 0,8 6-) 1,3 7-) 2,1 ...). And when arrive TP point all of same side positions total ( For example 5pips), all same side positions will close. Please help me. Thanks...
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If you so some search on the forums you will fund plenty of infor about martingales. BTW, they never work on the long run.
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Sir I seached but my problem is different. all the time 10 pips negative, it will increase lot size as fibonacci system.Not after loses... And I want to close all same side positions same time when arrive TP point
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What do you exactly mean by 'all the time 10 pips negative'?
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For example; EURUSD, I opened a buy position with 0.1 lots on 1.12500 ... If the price is 1.12400 now, 0.2 lots must be add. If the price is 1.12300 now, 0.3 lots must be add. If the price is 1.12200 now, 0.5 lots must be add. I hope I could explain
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Ok. Now I see the martingale part. Is there any limit in the amount of levels below open price in which additional lots should be added?
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no there is not any limit about add lots
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@gauss But that is a suicidal stategy! Sooner than later your broker will not allow you to open more trades. I don't think this is a good way to trade the market IMHO.
