Martin Gale Breakout EA: Profit Targets, Stops, and Recovery Sizing

Summary

This description presents a Forex Expert Advisor that combines breakout trading with a Martin Gale style recovery money management approach. Its listed settings allocate portions of account balance to trading, take profit, and stop loss, and control when recovery measures begin. A multiplier adjusts take-profit points. The central function calculates trade volume from a desired profit target and the planned entry and exit prices.

The description gives no breakout definition, recovery sequence, sizing formula, or worked example, so the strategy cannot be reconstructed from the text alone. It also supplies no backtest, live results, or discussion of drawdowns and the risks that recovery sizing can create. The material outlines the EA’s intended controls, but does not establish that the combination improves performance or limits losses.

Key ideas

• The EA combines breakout entries with a Martin Gale style recovery approach.
• Its settings allocate account balance to trade sizing, profit targets, and stop losses.
• Recovery activation and a take-profit points multiplier are configurable.
• Trade volume is described as depending on the target profit and entry and exit prices.
• The document gives no detailed rules, validation, or evidence of risk-adjusted results.

Tags

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