Back to contacts

# What is Multiplier?

May 16, 2017 at 11:48
961 Views
5 Replies
Member Since Jan 14, 2011   35 posts
May 16, 2017 at 11:48 (edited May 16, 2017 at 11:51)
Can someone explain to me what multiplier means? I keep seeing different variation of multiplier in Expert Advisors. There's the plain 'multiplier', 'lot multiplier', etc and i dont have any clue what it means.

Also what is the difference between multiplier and exponent?
Member Since Feb 22, 2011   4862 posts
May 17, 2017 at 06:23
Generally multiplier is used in martingale strategies where you double the trade size after loss.
When you double the position the mutiplier is 2, when you triple it it is 3, etcc..
Member Since Jan 14, 2011   35 posts
May 17, 2017 at 06:35
togr posted:
Generally multiplier is used in martingale strategies where you double the trade size after loss.
When you double the position the mutiplier is 2, when you triple it it is 3, etcc..

So multiplier only multiply lot size right? Its not used to multiply the order distance?
Member Since Sep 16, 2009   190 posts
May 17, 2017 at 07:06
Multiplier = Lot_Multiplier = Lot_Exponent = ... = ... = ...
All these names for calculating the Next Lot for the trade to open in case
the Order(s) are still in loss and price is away by (usually) certain number of
pips. This number of pips could named by Step or PipStep or something
similar.
These names normally used in Averaging/Martingale/Grid EAs.
... oshaban ... skype: oshaban27 ...
Member Since Feb 22, 2011   4862 posts
May 17, 2017 at 07:13
moneygrows posted:
togr posted:
Generally multiplier is used in martingale strategies where you double the trade size after loss.
When you double the position the mutiplier is 2, when you triple it it is 3, etcc..

So multiplier only multiply lot size right? Its not used to multiply the order distance?

man, it depends on programming code
you could name variable profit and use it as stop loss :)
Member Since Jan 14, 2011   35 posts
May 17, 2017 at 07:16
togr posted:
moneygrows posted:
togr posted:
Generally multiplier is used in martingale strategies where you double the trade size after loss.
When you double the position the mutiplier is 2, when you triple it it is 3, etcc..

So multiplier only multiply lot size right? Its not used to multiply the order distance?

man, it depends on programming code
you could name variable profit and use it as stop loss :)

Nice 😀
You must be connected to Myfxbook in order to leave a comment
*Commercial use and spam will not be tolerated, and may result in account termination.
Tip: Posting an image/youtube url will automatically embed it in your post!
Tip: Type the @ sign to auto complete a username participating in this discussion.