I think GoldenEA talk about open x4 trades without TP until get some target. Thats the same I said before, but I only open max 3 trades. Those 3 trades can be so the price goes against, as if going in your favor.

MGH System (Martingale Grid & Hedging)

I mean I was thinking of doing this at the beginning of creating the system, but I do not use this currently.

MGH System (Martingale Grid & Hedging)

1.- 10 pips 2.- Yes, you add 2x buy in 5,6,7,8, etc .... levels with 10 pips TP each.

MGH System (Martingale Grid & Hedging)

Yes, news or quick moves are a big problem. You can have all your pending orders and TP's ready to be hit, but in the real live the slippage may cause great damage. A solution that we can apply, is to have only 3 pending orders but without TP. If we ...

MGH System (Martingale Grid & Hedging)

Nice, let see what happen.

MGH System (Martingale Grid & Hedging)

Yes, when our 1 long trade or 2 long trades or 3 long trades hit the TP, we open a new x1 sell.

MGH System (Martingale Grid & Hedging)

Hi xlcharly, welcome to the thread. I like your idea. Do you draw the previous or current fibo? Thanks.

MGH System (Martingale Grid & Hedging)

Nice chart, good luck

MGH System (Martingale Grid & Hedging)

You are right, I thinks is time to start to programing an EA to backtest several pairs properly

MGH System (Martingale Grid & Hedging)

By the way spyderman, we could also use dynamic grids depending on the ATR value. What you think?

MGH System (Martingale Grid & Hedging)

Maybe omeone with good english can re-write all the rules correctly. Thanks for your interest.

MGH System (Martingale Grid & Hedging)

spyderman has already answered you well. Thanks spyderman.

MGH System (Martingale Grid & Hedging)

Nice spyderman, I hope you are not risking too much money, as this is a WIP.

MGH System (Martingale Grid & Hedging)

catextract89 has already answered you well. Thanks catextract89.

MGH System (Martingale Grid & Hedging)

Yes, but keep in mind that with very complicated entry rules, you can not earn enought pips to support a large drawdown.

MGH System (Martingale Grid & Hedging)

Yes, no problem with that. You can start selling if price comes from above if you want, or you can use some signal or indicator. But I prefer to make many entries constantly with a simple criterion, to earn many pips to support a large Drawdown.

MGH System (Martingale Grid & Hedging)

Correct That's correct too.

MGH System (Martingale Grid & Hedging)

You should enter your first sell x2, 10 pips bellow from your 3rd buy.

MGH System (Martingale Grid & Hedging)

Nice one catextract89. I use this.

MGH System (Martingale Grid & Hedging)

Yes, 10 pips grid in EUR/USD is only an example, you can try to use another grid size or pair.

MGH System (Martingale Grid & Hedging)