Have you ever read FXTrade Pro's trading strategy at ForexFactory.com? His strategy uses semi martingale lots which is good if you know how to use it. Why we call it semi martingale? Because calculation of the next lots is different from original martingale. In original version, we are doubling the next lots from the previous one. But in FXTrade Pro's strategy, we are not doing the same thing but are still growing the next lots based at our calculations.
Here is the progression of the next lots :
So, what is the main strategy? His strategy uses TakeProfit = 40 and StopLoss = 10 in every sequence with the progression lots. For example, we buy 0.1 lots Eur/Usd at 1.3500 with TP=40 pips and SL=10 pips. This is first sequence. Then our SL is hit. We open the next sequence which is sell 0.1 lots Eur/Usd at 1.3490 with same TP and SL. If our SL is hit once again, we open the next sequence. For better explanation, you can check the picture below.
This simple strategy is very useful if we can combine with other strategy such as break out eagle. We can use our own progression lots depend on our risk ratio and equity. For this purpose, please find the lots calculator in xls format at the link below.
Hint : Use this strategy at brokers company which give you ability to put thin Stop Loss and high leverage margin. (Remember, not all brokers permit us to put SL for 10 pips)
For this strategy, FXTrade Pro already developed an Expert Advisor but it is not free. That's the reason why he was banned from Forex Factory's Forum. Fortunately for my blog's reader, I develop an EA based at his strategy, too. Actually, I develop this EA based at my friend's request, Mr. Duyduy. You can have it for free but use it at your own risk. Please try this strategy and EA at demo first before attach it at live trading.
- You can use it as soon as you activate / attach the EA to the chart
- Or you can input the price which you want the EA to start trading.
Don't forget to visit my blog in other time because I still have some interesting Expert Advisor for you all. Thanks for reading my words.
Download the calculator to count the progression lots : here
Download the Expert Advisor for free : here