Suggestion Reverse Martingale Expert Advisor

Reverse Martingale is an Expert Advisor which logic is very simple. It is a Martingale EA that opens one order at a time. It will open an order at any market price and wait for Stop Loss or Take Profit. If Stop Loss is Hit the Trade is Multiplied by the Factor of Martingale, and the order direction is reversed. This continues until a TP has been reached. Then the EA resets and Starts the system all over again.

This Logic for the EA prevents the common mistake in Martingale. Which is That a Martingale could only be Used in a ranging Market, exactly this EA has the opposite and reversed Rule, It will work well on Trending Markets.

 

Thanks for sharing.

Expire date?

 

I''m now forward test on Pepperstone Demo account. Let's see if it works good or not. Thanks for sharing!

 

This EA only have SL but don't have TP.

 

TP:

 

The TP doesn't shown on the MT4 Chart.

 

However martingale included risky strategy
without strict risk management will facing MC I think

 

You need to have a good setfiles before BT. I think if put Level Distance 2 and Money TakeProfit 5 is very profitable.
Can anyone do BT? Thanks.

 

Nice development in order to apply the classical (and correct...) concept of the martingale.

 

I´m sorry but the way you are describing how the EA works is not the same way it is functioning in the first FT test.
The EA opens two operations at the beginning at the same time (one buy and on sell), and a series of buys and sells stops.
If, for example, the price achieves to a take profit in one order, what will happen to the other opposite one that had been opened previously ?
Besides the clarification about the logics of the EA, would you please describe the concept and units of the parameters (Level distance ? pips? points?).

 

it’s martingale follow trend, it will start with sellbuy after that it will open follow trend, if up it will
be Op buy marti if it down it will be sell marti,

 

Very profitable in bt only, in demo o real account the fee take the profit.

 

So its a useless EA. Can't use to trade Live account.

 

I will help to BT, but does it expired?

 

This EA is working. Only thing is that its no good.

 

is this ea hedge martingale?

 

Why do you have this opinion ?
Please, share your findings with us.

 

This is my review for this thread:
like a anti-Martingale

 

If use real account without commision (with bigger spread instead) then it should be profitable.