A Martingale Trading System with Profit-Based Basket Closing

Summary

This document outlines an automated system that uses a Martingale position-sizing approach. It can restrict the hours when new positions are opened, while continuing to manage open positions and close the full set when their combined profit reaches a configured minimum. Inputs include the initial trade direction and size, a lot multiplier, a cap on consecutive increases, individual stop-loss and take-profit levels, and an optional time filter.

The description warns that the approach can eventually exhaust the account and suggests periodically withdrawing funds; that suggestion does not remove the underlying risk. It says settings need to be optimized for each symbol and timeframe, but provides no optimization method, backtest results, or evidence that the system is profitable. The account-level closing rule and scaling behavior therefore warrant careful evaluation before use.

Key ideas

• The system increases position size through a Martingale sequence after successive trades.
• A time filter can limit when the system opens new positions.
• The expert advisor closes all positions when their combined profit meets a set threshold.
• Inputs control the starting trade, lot scaling, scaling limit, and individual exit levels.
• The description acknowledges the risk of losing the account and provides no performance evidence.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.