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Suggestion Reverse Martingale Expert Advisor

taseeer

taseeer

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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.
 

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taseeer said:
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.
Click to expand...
This EA only have SL but don't have TP.
 
However martingale included risky strategy
without strict risk management will facing MC I think
 
taseeer said:
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.
Click to expand...

Nice development in order to apply the classical (and correct...) concept of the martingale.
 
taseeer said:
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.
Click to expand...
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,
 
taseeer said:
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.
Click to expand...
 
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