A simple - Anti/Opposite/Reversal - Martingale EA

[mharisfxd]

Hey brothers,

Could any please help me to create this ea. I'm beginner in this field
I'm half way done - using built in preset, fxdreema builder... thanks for that...
but need a little twist.

Its a simple EA. (likes ranging market)

• At First Open a Single Buy at CMP with 10pips TP SL (TP & SL - input parameter)

• If the TP hits- Double the Lot size (X - input parameter)
  Reset Lot size to initial lot after (x times TP hits - input parameter)

• if the SL hits - Reset the Lot size to initial lot.

This is the points i would like to implement

• Every time TP hits, Order type becomes opposite.
  Eg: If the Buy order hits the TP, next double lot sized order should be a Sell
  & If that Sell order hits TP, next double lot sized order should be Buy & so on.

• Every time SL hits, Order type become same as previous closed order type.
  Eg: If the Buy order hits SL, next initial lot sized order should be a Buy &
  if anytime Sell order hits SL, next initial lot sized order should be a Sell.

I would be glad if someone could help me in this
Thanks

[dayvson1112]

In case you want to use a SOROS system instead of martingale, however, I believe that this will not be profitable in a sequence of loos

[l'andorrà]

@mharisfxd Trust me, martingales NEVER work in the long run. I strongly recomend you to focuns on other more profitable approaches to the market.

[mharisfxd]

@l-andorrà
Yes I trust you, classic martingale never works in the long run ,
But How about doing the opposite??, So it will work in the long run :),

I know This strategy is very basic, But Is it less riskier than classic martingale (instead of doubling on loss, only double when profit.)

And what approach you would recommend else??

[mharisfxd]

@dayvson1112 Soros system???

Yes bro, the sequence of loss is the failure on this simple strategy.
However, if it hits the target tp count. then most losses will cover with 1 winning sequence.
eg : equity $128 , setting max loss on one trade is 1$, out of 128 trades, only 7 win need to recover all losses

Please correct me if I'm wrong...

[line]

I built this years ago, thought it was a great idea but ultimately failed. Why it failed was clear, if a price gets stuck in a channel, then eventually it will run out of orders. Anything stuck in the middle area is loss.

[mharisfxd]

@line bro, it's a ranging strategy, ,means if price gets stuck in a channel then it will generate profit & when trending this will be in loss. To rectify that need to run trending strategy ea simultaneously with ranging ea.

[dayvson1112]

@mharisfxd 

[dayvson1112]

@mharisfxd Put it in this configuration and it will work
In serums level is the hand number of serums to return to initial batch example
two
0.01 win
0.02 win
Returns to 0.01

[mharisfxd]

Thanks bro for taking the time to reply ...

and, yes I've did the same configuration as you've suggested before, till the trade management config.. that part is I'm confused to implement how.

means (Every time TP hits, Order type becomes opposite. & Every time SL hits, Order type become same as previous closed order type.)

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