
Originally Posted by
ixbone
I think a martingale system is the only one system to get your target pips.
What are the rules for a good martingale?
- Stop Loss Management (if trending, wide your SL, if ranging closer your SL)
- Lot Size Management
- Dont overtrade - what mostly traders are doing = account/equity/lot size ratio
- Know the market, if trending or ranging (rule #1 SL)
- Secure your profits - most traders set TP to high (rule #2)
Personal I trade since 10 Years a manual martingale, with good success, but i haven't found any EA which can make human decisions or respect automatically the market, i have some good ideas, this is not yet the right section to post ideas :-)
regards
IX