Labouchere EA - MetaTrader 4 Expert | MT4 EA Download - MetaTrader 4 Resources
EA trading is based on the batch management of the Labouchere system.
About the system
In theory, stop loss and take profit must be equal or almost equal. Traders accept a certain (arbitrary, the larger the lot, the greater the risk) sequence of lots. For example: 0.01 0.02 0.01 0.01 0.01.
During opening of an order, the first and last elements of the list are always added. That is, the first order will be 0.01+0.01=0.02. Make your orders profitable. Cross out the first and last element in the list. The rest are 0.02 0.01 0.01.
Open an order with a lot size of 0.02+0.01 (first and last elements) = 0.03. Make it unprofitable. Finally add an element equal to the sum of the bets. Now the list is 0.02 0.01 0.01 0.03.
Open a position with 0.02+0.03 (first and last elements) = 0.05. etc.
The loop ends once there are no more elements in the list or there is only one element. Stop opening orders, or start again.
About EA trading
Attachment download
📎 labouchere_ea.mq4 (13.53 KB)
Source: MQL5 #14363
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