With this information, the user will know if there are orders on the current symbol and how many. He can determine the current account balance and, in doing so, find out if the robot makes or loses money. He can see the equity and figure out if the current trade is winning or losing.
He can also follow the current signal provided by the robot, be it sell, buy, exit or no signal. No signal is generated if price fluctuates in between the upper and lower envelope. The trade can only be closed when the technical indicator provides a signal opposite to the direction of the current trade. This can be clearly explained by an example. For instance, if the current trade is a buy and the envelope indicator gives a sell signal, the trade is forcibly closed whether the order profit is negative or positive.
This is noticeable in testing. The expert advisor accepts a loss to preserve the capital. It relies on the accuracy of the trade signal and trade entry to make money for the trading account. The expert advisor takes only one trade at a time. If the previous trade closed in profit, another trade is immediately executed without any time delay. However, if the previous trade was a loss, the next trade is entered after some delay.
The time delay in the second case is not constant. It is not clear how the robot determines this time value. The take profit is not a constant value or number of pips, so does the profit amount. The take profit amount can be big or small depending on the distance between the entry price and the upper or lower envelope when a new signal has been provided. For example, if the current trade is a buy and then price immediately accelerates to the upside and hits the upper envelope, the profit amount can be huge.
However, if price goes down a little before touching the upper envelope, the profit amount may be small because the close price is now closer to the entry price. In another instance, if price suddenly collapses to the downside after the buy entry and then touches the upper envelope after a while, the trade may end up as a loss because the close price is now below the open price. The same set of scenarios can happen to a sell trade.
When testing ended, the robot managed to produce 13 percent of the account balance, which is remarkable, considering the testing was done with the default settings. Very few trades were taken by the robot throughout testing, that is, 18 trades, and 61 percent of these trades or 11 trades were profitable. A feature of this approach is that the adviser does not use Meta Trader terminal quotes on any time frames. Advisor filters directly the price coming from the broker in the form of ticks. Therefore, the trading results do not depend on which time frame to attach the adviser to.
At the borders of the calculated trading range, the EA sets pending orders, at the upper border of buy-stop, at the lower border of sell-stop. All trading orders opened by the adviser have stop-loss and take-profit levels. Only one trading order can always be within the market.
In case of false breakdowns, the order is closed at stop loss, leading to a loss. In order to catch up on this loss, the EA increases the quantity of subsequent order, i. Unlike many trading systems using martingale, in our strategy, increasing the volume of orders, we do not rely on luck. We know that sooner or later the price will go out of the range, and in our strategy it does not matter to us which way the price will break the range.
In case of any breakdown, one of the pending orders will work and close at take profit, To use the EA on different currency pairs, you should use various settings specially optimized for this tool. The adviser comes with recommended settings for a number of currency pairs.
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Coming from gambling, it acquired a certain peculiarity over time. At the same time, it fueled a bitter controversy between detractors and admirers. There are those who consider it a toxic method, useful only for causing losses; there are those who consider it a method to be taken into consideration, with its own logical and statistical foundation. But what is meant by Martingale?
This approach consists in doubling — or in any case in a significant increase — of the exposure as the trades fail. In this way, when the trades take the right direction, the position will be so positive to pay off all previous losses. In the abstract, from a mathematical and statistical point of view, it works. It is also true that the Martingale involves risks. For example, the positive event may come too late, with the account at zero.
However, it is possible to remedy this by adopting sweetened variants, such as those that in any case provide a stop, a limit to exposure. This limit should correspond to the maximum sustainable loss. How Ok Forex Martingale System works Ok Forex Martingale System lets the traders set severals forex pairs or stock indices to analyze with different size for each pair, like shown in the screen below.
What is the Martingale method? To begin with, we will tell you what the Martingale method is, which was once very widely used in the casino. It consists in constantly raising the stakes twice in case you lose. In Forex, the Martingale method is used and can bring proper profit if the strategy is applied correctly.
There is only one limitation — your capital. If you constantly raise rates, then in the end you will still win, because the price will go the other way sooner or later the trend will change or there will be a trend correction. Therefore, your capital must be large enough, and the initial rate must be minimal. READ Trading and investing - what is the difference and what to choose? Forex trading using the Martingale method is quite simple.
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