I had this idea while ago and tried it on demo and it works nicely 100% profit if you have the $$ not to get margin call (actually I have never got passed level 4 so far) .
then I searched for some one who might had came up with same Idea and the following link has an EA similar idea but not the same http://www.forexfactory.com/showthread.php?t=184861
I want to trade this manually but I want to test it's history by EA to get the best pips numbers and lot sizes .
to the idea,
yes its martingale , and yes its hedging.
just like the EA in the mentioned thread exactly but with a simple twist I beleive it will solve the sideway PA.
that makes it almost impossible to reach passed level 7.
with every new position created, it will be created 10 pips higher from last buy position and collect the 10 pips from the previous buy position and for the sell position the new ones will be opened 10 pips lower than previous sell and will collect the profit of the last sell position. ofcorse will increase the TP for the size of the hedge plus the 10 pips added
the purpose of this is that PA does 2 things only , either Trend (up or down ) or go in sideways.
but it doesn't make new highs then new lows constantly .
it can't go up 40 then down 50 then up 60 then down 70 then up 80 then down 90 .
I guess now you will get my point .
after searching charts manually I haven't seen such scenario .
I know the EA is profitable but it has big draw dawn on side ways and can't be trusted on its own .
if any one who knows how to program this addition to the EA it would be a big contribution .
if you still don't understand my theory please ask I will explain more
then I searched for some one who might had came up with same Idea and the following link has an EA similar idea but not the same http://www.forexfactory.com/showthread.php?t=184861
I want to trade this manually but I want to test it's history by EA to get the best pips numbers and lot sizes .
to the idea,
yes its martingale , and yes its hedging.
just like the EA in the mentioned thread exactly but with a simple twist I beleive it will solve the sideway PA.
that makes it almost impossible to reach passed level 7.
with every new position created, it will be created 10 pips higher from last buy position and collect the 10 pips from the previous buy position and for the sell position the new ones will be opened 10 pips lower than previous sell and will collect the profit of the last sell position. ofcorse will increase the TP for the size of the hedge plus the 10 pips added
the purpose of this is that PA does 2 things only , either Trend (up or down ) or go in sideways.
but it doesn't make new highs then new lows constantly .
it can't go up 40 then down 50 then up 60 then down 70 then up 80 then down 90 .
I guess now you will get my point .
after searching charts manually I haven't seen such scenario .
I know the EA is profitable but it has big draw dawn on side ways and can't be trusted on its own .
if any one who knows how to program this addition to the EA it would be a big contribution .
if you still don't understand my theory please ask I will explain more
I SEE YOU !!