Forex factory martingale ea
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Buy the 'Forex Factory News EA' Trading Robot (Expert Advisor) for MetaTrader 4 in MetaTrader Market
Manual trading strategy using Dynamic Fibonacci Grid. Sometimes called Trade Lanes or Tiger lanes. I do not own, recommend or can take any credit whatsoever for the creation of the indicators and EA shown.
The indicators are available on Forex Factory. The EA, I purchased from MQL5. I just put them all together on a chart to find something I could trade easily and with confidence. Feel free to educate yourselves on their use from the blogs below. I have just found a mixture of EA and Indicators that work well for me. The previous historical data found on this account shows my trial and error process.
I have had bad experiences with purchased fully automatic EA's. The results have improved greatly. Of course, any strategy that uses a martingale is EXTREMELY risky. But, if the proper entry is placed each and every time, then that likelihood is decreased. To further compensate for that possibility of a blown account, I will be building a Forex specific savings account that will be used to re-fund the forex account in the event it were to fail.
Hopefully it will not be needed. At the moment, I feel comfortable enough to post my results. I think as I get more comfortable and increase my accuracy and confidence, I will drop the Martingale recovery portion and just use a straight SL.
But I like what I see so far.
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Basic Strategy is simple. Of course, it took a long time to feel comfortable with the rhythm of the market as it moves. If the RSI Hitman indicator is the same color Blue for BUY, Red for SELL , I look at the Money Lanes.
Money A2Z
If the lanes show clear in the direction of the direction I wish to go, I then look at the Channel indicator as a confirmation of direction as well as ensuring the price is not near a reversal point. If all agree, I place the order with a trailing stop that begins at 8 pips with a 4 pip trail.
I have a 30 pip take profit for communication loss but it rarely hits unless there is a spike in the price. There is not a stop loss as the martingale covers that in a grid methodology. I allow the entire account be used like a global stop loss.
In the off chance the account were to blow, I would re-evaluate the system, make adjustment necessary, and re-fund the account from the Forex Savings account that I built from the profits of this system and start over. New account started so we can have a clean history and offer signals with accurate data. This weekend, I received an email from myfxbook support.
Open an account with Signal Start today, set a subscription fee and start generating an extra income: Best Regards, The Myfxbook Team.
So, my signals are available there as well as through the MQL5 signal market. All Events Foreign investment in Japan stocks 9h 16min Foreign bond investment 9h 16min Visitor Arrivals YoY 7h 11min RBNZ Interest Rate Decision 6h 26min RBNZ Rate Statement 6h 26min RBNZ Rate Statement 6h 26min.
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