What is the MACD Four Colors 2 Martingale EA?
This Expert Advisor (EA) operates by opening multiple positions in a single direction—either a BUY or a SELL. The initial trade determines the direction of the subsequent trades in the series.
Each new position is executed at the optimal price with an increased lot size, leveraging the Martingale strategy to maximize potential profits.
Example of a Series of SELL Positions
Pic. 1. MACD Four Colors 2 Martingale
The series of positions can be exited once either the 'Maximum Drawdown' limit is hit or the 'Target Profit' is achieved. This means you're not left hanging; you have defined risk and reward parameters to guide your trading decisions.
- Maximum Drawdown: This is the maximum allowable loss in monetary terms.
- Target Profit: This is the profit target you set to close the series of trades.
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