Candle Martingale + EA (Candle Martingale + EA) - MT4/MT5 Resources
This trading system is based on a different set of trading logic from the first trade. If the market goes against our favorite direction, every N points we open another position based on the Martingale strategy. If the net profit reaches the value we set in the EA input settings, all open positions will be closed.
The entry logic is to trade Bollinger Bands and a position will be opened when the candle closes above/below the BB band.
Index Basket Closing Price:
If the user sets the input parameter " Index Basket Close? " to " Yes ", then the EA closes all open positions with a lower target profit, which is an exponential function of the number of open positions. For example, if there are 7 open positions and the take profit is set to $20.0, then if the net profit of these 7 positions is less than 20.0 (assuming $3.0), the EA will close all 7 positions. This option is to test the idea of getting out of a series of losses with smaller profits as quickly as possible (i.e. before the account is full).
Note 1: Use this EA at your own risk. There is no guarantee that the EA will be profitable or bug-free.
Note 2: This EA is suitable for any time frame.
---Updated 2016-09-29---
Version 2.00 of EA has been released.
The entry logic is to trade Bollinger Bands and a position will be opened when the candle closes above/below the BB band.
Index Basket Closing Price:
If the user sets the input parameter " Index Basket Close? " to " Yes ", then the EA closes all open positions with a lower target profit, which is an exponential function of the number of open positions. For example, if there are 7 open positions and the take profit is set to $20.0, then if the net profit of these 7 positions is less than 20.0 (assuming $3.0), the EA will close all 7 positions. This option is to test the idea of getting out of a series of losses with smaller profits as quickly as possible (i.e. before the account is full).
Note 1: Use this EA at your own risk. There is no guarantee that the EA will be profitable or bug-free.
Note 2: This EA is suitable for any time frame.
---Updated 2016-09-29---
Version 2.00 of EA has been released.
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