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.
- place two orders in both directions at first
- 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:
- trailing stop when each pending order starts.
- 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)