FX Rogue Wave 3.1 Acct #3 Discussion

With the use of three indicators

Moving Average
MACD
Force Index

When they agree the trend is LONG, a BUY is placed at .01 Lots with a TP of 40 pips. If the order hit TP a new order is opened at .01 continuing in the direction of the first.

IF the price action reverses, and the order goes negative 40 pips, an additional order is opened at .02 lots, with a TP of 50 pips and the TP of the 1st order is moved to this level also.

If the price continues to go negative 40 pips, an additional order is opened at .04 lots, with a TP of 50 pips and the TP of the 1st order and 2nd is moved to this level also. The process continues until the price reverses positive. I have a limit of 11 iterations of the Martingale so the maximum lot size is 10.24 lots.

My broker allows hedging, so while the price is going negative on the LONG trades, it is profiting on the SHORT trades that were opened when the MA, MACD and FI lined up on the downtrend.

With this strategy, the price would have to go against me almost 500 pips without a 50 pip retrace during that entire time to lose. Yes, it is possible. But, all in fun. Never trade with funds you can't afford to lose.

Also, to help negate a loss, I have three different accounts running the same EA that were started at different price points, so if one of the accounts were to blow. I just move money between the accounts to perpetuate my income stream.

Want to copy these trades?

https://www.mql5.com/en/signals/72355

EA Available for testing on DEMO accounts - please share your best .set files.

Once the indicators detect a trend movement, the EA begins trading. The sooner this detection takes place, the sooner trading begins. I use the 1m chart on EURUSD – GBPUSD – USDCAD – USDJPY – AUDUSD – NZDUSD – EURJPY – USDCHF.

As requested, I have attached the user guide. This is the same user guide that my customers receive that request an evaluation copy.

I have attached a 5 year back test report for EURUSD using 1m metatrader data.

As you can see, the price broke out of the encoded channel on 3 occasions during this time. Each time the price returned to our trade sequences closing in profit. The final set of losses were caused by the open orders closing at the end of the test period and not by standard loss.

My intention is to reset the EA with a new magic number any time the highest iteration is used. By keeping the previous sequence open and allowing new sequences to begin, my income stream remains somewhat constant which is my personal goal for this EA

Glad to see that USDJPY sequence finally clear - now just have to wait for the EURUSD do the same to finish the year strong.

Recovered!! yaa yaa...

I do not understand how MyFXBook can show a 77% draw down while the same data on MQL5 shows 15% draw down.

https://www.mql5.com/en/signals/72355

Too bad brokers cannot leave a good thing alone - Always needing to make more money I guess. My broker stopped trading nano lots. So this algorithm will not work unless more money is deposited. Since they have changed their Terms and conditions twice since November, I think I will hold off trading with them and see if they last. But, we had a good run while it lasted!

interesting thread, could you trade with global prime, they allow 0.01 lots

how many $ deposit require to trade this strategy with micro lots 0.01?

The EA is still available, but instead of a $200 account minimum, $2000 is now needed. Such a shame

Hi Ozzie - thank you for stopping by.

Up until today, ForexBrokerInc was allowing trades in Nano lots where 1.0 lots = 1000 units. So trading .01 was trading 10 units. This made it possible for anyone with $200.00 to use a martingale strategy. With their new trading terms and conditions 1.0 lot = 10,000 units so $2000 is needed on a 500-1 leverage account.