Author: rsi, MQL5 Code Developer: barabashkakvn.
Frank Ud's Expert Advisor is specifically designed for hedge accounts, utilizing a Martin and martingale strategy. This EA operates by doubling the lot size whenever there's a loss.
The process begins by opening two opposing positions at the minimum lot size. Take Profit and Stop Loss levels are established right away. Typically, one position will be profitable while the other incurs a loss. The winning position will close at Take Profit, while the losing one is reinforced at a specified Step from the current price. If the market continues in the same direction, the position is reinforced once more. Eventually, a market reversal will occur. Each reinforcement step involves doubling the lot size, ensuring that once the reversal happens, the last losing position will hit Take Profit, turning everything into a profitable outcome. Afterward, the cycle restarts with new orders at the minimum lot size.
It's essential to note that using this Expert Advisor necessitates a sufficiently large deposit. Without adequate funds, you may find yourself short on capital for all required steps.
Backtest Results:
In a backtest conducted in “Every tick based on real ticks” mode for EUR/USD on the M30 timeframe, with an initial deposit of £100,000 from January 8, 2016, to November 17, 2016, no optimization was performed:
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