Let’s simplify the inputs of the Investment Castle Expert Advisor for everyone. In this post, we will be concentrating on the settings that can be changed/optimized for Martingale Strategy:
These settings primarily can result in one of the following strategies:
- Traditional Martingale
- Martingale, Opposite Martingale and Reversed Martingale
Basically, you need to understand two important aspects of the settings:
- Fixed Distance vs Volatility based distance
- Opposite order start after
Fixed distance if set to 200, this means, there will be a martingale order that will trigger at 200 points from the Entry order. The direction of orders will either follow the indicator or the manually defined number; if 1, EA will open opposit immediately, if 5, the EA will open the opposite order after the 5th order.
This is where you set the EA to start the opposite martingale order right after the Entry order if the price went in the opposite direction, or based on the market volatility, so that if the market is volatile, the EA will open the opposite order first. When the market is slow, it can be after 10 martingale orders.