DD Reduction Algorithm
We need DrowDown Reduction Algotitm with Martingale!
We have 5 deals in short. DDRA will open deal in Buy with same lot as first (if Number order for DDRA=1) deal in Short, and close both then reach equal loss and profit (or pip\% profit). It is necessaty to stay alive then we see Bullrun. It will be another deals chain for Reduce lose deals.
It may be variables:
- DD Reduction Algorithm - drawdown reduction algorithm it when last order with profit will be close with first order series with loss. True\False
Number order for DDRA - from which order the drawdown reduction algorithm is activated.
Profit for DDRA – percentage of profit when closing orders in the drawdown reduction mode.
Simple example without profit:
XAUUSD Sell lot 1 on 1730 = XAUUSD Buy lot 1 on 1735
XAUUSD Sell lot 2 on 1735 = XAUUSD Buy lot 2 on 1740
XAUUSD Sell lot 3 on 1740 = XAUUSD Buy lot 3 on 1745
I couldn't find settings for DD Reduction at 2.34. Can you help?
DD reduction is thru methods like partial close, hedge etc. U may try using them for developing a set with lesser DD.