New Reverse Martingale type EA

Trading Systems Expert Advisors and Automated Trading
1

As you know the risk to use martingale EA is when we face huge up/down trend witout any pull back.

Attached is a Reverse Martingale type EA I found somewhere on a thread before. It works like this.

  1. place two orders in both directions at first
  2. also place pending lot multipled orders in both directions every set pips level

I think this one can be a perfect hedge EA run with other Martingale EAs if those functions below are equiped:

  1. trailing stop when each pending order starts.
  2. if active orders of this EA hits trailing stop, close all orders including pending orders and start again automatically.

Reverse EA System | Myfxbook

Reverse_Beta.zip (20.2 KB)

2

Is this a demo version or the real EA? On the site MetaTrader Expert Advisors it says the full version costs “only” 220usd… This seems like a marketing post…

3

It is only with[B] unbounded wealth, bets and time[/B] that the martingale strategy can succeed.

Martingale (betting system) - Wikipedia, the free encyclopedia

4

I just noticed that the vendor of this EA is the same person who was selling a no-good scalper that has been discussed earlier in this forumby the name of taseeeeer: http://forums.babypips.com/expert-advisors-automated-trading/35476-scalper-eur-usd.html. Definitely a promotional post.

5

I tried making a system like this before with limited success.
I know MartinGale Systems eventually fail, but betting on it failing is alomst the same odds.

reverse martingale.jpg700×130 14.2 KB

6

Just to be clear, is the Martingale strategy the same as this?

7

hello dear
did you succeed to make a system like this ?
if yes, can you share with us pls ?

8

I doubt it will work because all Martingale systems eventually lose money [:expressionless:]
I have tried a few EAs and I could speak from experience.