Position Cutter (PC) — reduce the lot size by previous lot size in the sequence
I suggest closing positions at a loss and opening new ones according to the martingale settings. In this case, when the market continues to go against us, we do not pull the loss of the previous positions, only the last one.
Example:
https://docs.google.com/spreadsheets/d/11LYw_y1XR7FTMD1tBEgherV3HT4iDCHbkI8XyJY88rk/
In this example we have
DD without PC: 150
DD with PC: 80
It looks like an individual StopLoss for each trade, doesn't it?
Or should 1st deal be closed when deal #x is opened? So SL size will match the martingale steps.
It looks like an individual StopLoss for each trade, doesn't it?
Or should 1st deal be closed when deal #x is opened? So SL size will match the martingale steps.
Yes, we should close the 1st deal at the moment when we open the 2nd. Thus, the first trade does not draw a loss.
Hmm.. Let's try!
Stop!
Why not to use smaller Lot coefficient?!
"0.1 - 0.1 - 0.2 - 0.4" instead of "0.1 - 0.2 - 0.4 - 0.8"?
The result will be the same as in your calculations..
I do that on my manual trades too.
One thing the bot will need to also take into consideration are the commissions and spreads.
I do that on my manual trades too.
One thing the bot will need to also take into consideration are the commissions and spreads.
It already does.
But why not to use smaller coefficient?
It will allow to limit the max trades (with position cutter you can't do this).
Stop!
Why not to use smaller Lot coefficient?!
"0.1 - 0.1 - 0.2 - 0.4" instead of "0.1 - 0.2 - 0.4 - 0.8"?
The result will be the same as in your calculations..
This is not.
The point is not to pull unprofitable positions further than the last position.
For example:
Loss of the first position starting from 1 to 2 position is 10 points.
The loss of the first position starting from the 2nd to the 3rd position is another 10 points in the amount of already 20 points.
I suggest cutting off the first position at the 2nd step so that it does not drag the loss from the 2nd position to the 3rd one.
Attached a screen with the calculation of your idea about 1-1-2-4.
Ok. I think i understand your idea with lot. Not so clear as i want, but i believe it will be the same.
All we need is new Lot calculation mode.
It should reduce the lot size by previous lot size in the sequence.
Example for "Martin" Lot increasing mode and Lot coefficient = 2:
Example for "Martin" Lot increasing mode and Lot coefficient = 3.5:
Trading result will be the same (even better because we don't need to reopen trades), but logic will be more clear.
Let's do it!