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it's a normal martingale EA, in ranging market it works in trending it blows. We are now in dangerous trading because of coronavirus and most users blew their accounts...
It can cause problems once the trend switches and it starts opening trend and countertrend in the same direction. I have on my EURUSD 2 basket of trades the trend and countertrend and both are buy and in huge DD...
Not sure but I think you can get only 2 rings a trend and a countertrend, the problem I see here is if trend changes and it messes up the strategy because now you are 2x risk on EU instead of being hedged.
u need to check the comments. From the picture, you posted I can see they are different because you have EU trades that have the same lots. You have EU with 0.1 lot than 0.13, 0.16, 0.2, 0.25 and you have a new set of trades that are in the same direction but they are counted as a new ring and...
Did you check comments are all open trades with correct lots and counter-trend? Sometimes if the trend changes you can have both trend and countertrend trades with the same direction.
I turned on ignore open trades, but I left show only pair news to off, because not sure how it works. Does it show only EUR and USD news? What about JPY? I trade EU,EJ,UJ.
Did you check the comments, sometimes if the trend changes the trend and countertrend trades can be the same. But if you have 0.01 lot, 0.02, 0.03 and so on up to 0.08 lot then it's a bug and we need to check. I have so far trades at level 3, if it goes past 6 I'll let you know.
Nothing in experts logs also. If I change the timeframe it only gives me unit reason3, which is ok and I see it downloads from forexfactory the info for news, but when I search for automated trading off/on, nothing is shown. No idea what would be wrong. And I have this on 3 mt4, 2 demo and one real.
I have it on a EURSUD 1h chart and nothing happens. I checked the log also nothing. I have 2.3.91 version maybe it's a bug. But when I turn auto trading off manually it turns on after 1-2s. So it seems it's working, but before news, it doesn't do anything.
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I have and it made 2% today. I have been using a familiar grid although I call it "scale in" strategy, but without martingale, so I know how it operates. Let's see how it goes after a couple of months. Do not invest more than you can afford to lose!!!
Here is myfxbook...
it gives automatic SL and TP, once the trade is in profit it uses trailing stop so it locks the profit. If it goes against you than the martingale and grid strategy starts. Trades open with bigger lot sizes until your TP gets hit. You can decide on your own what is the difference in the grid...
Did you notice if it opens trend and countertrend trades on all pairs? Also, can you please share the EA for us? So for the news, we just add in mt4 the url of forexfactory and it should be ok?
I use it, but don't quite understand how it works. During the news, I can still see the autoTrading button in mt4 is green. Is this correct or it should be red (off) and if I check the log nothing shows that the EA was turned off. I added the indicator on a different chart, not the same with the...