Martingale Strategy With Opposite Direction Trades
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Hi
Conditions
1. Manual Initial Trade: The EA will not automatically execute a buy or sell trade. Instead, the user will manually initiate the first trade.
2. Martingale Strategy: If the initial trade (1 lot) is stopped out, the EA will automatically open a subsequent trade in the opposite direction with the following parameters:
Second trade: 2 lots, same stop loss (SL) and take profit (TP) as the initial trade, but in the sell direction (if the initial trade was a buy) or buy direction (if the initial trade was a sell).
Third trade: 4 lots, same SL and TP as the initial trade, but in the original direction (buy or sell) if the second trade is stopped out.
3. Reset After First Win: After the first profitable trade, the EA will reset, and the cycle will start again from the beginning, requiring a manual initial trade.
Please help me how can I create this.
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No martingale based bot is profitable in the ling run. I strongly suggest you to find a real trading strategy instead.
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@l-andorrà yeah i know that, someone give me task and said that he needs it for some rangy market. Can you please help me in this?
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@MuneebKhan following Boxxocode on YouTube. He has a lot of strategies coded in FxDreema; a lot of them use grid/martingale.
I'm not allowed to post links yet, so you need to search for him, but he's easy to find.
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Agreed. Probably that's the best solutions.
