Martingale EA with Price Action Entries and Daily Risk Controls

Summary

This trading software description outlines an automated system with four selectable entry approaches: tick momentum, candlestick engulfing patterns, RSI reversals, and EMA crossovers. It supports market, stop, and limit orders, plus three variants of martingale sizing. Trade management includes point-based stop losses, risk-to-reward targets, and trailing stops measured in points or money.

The system can set daily profit and drawdown limits that close open positions and pause trading until the next day. Users can also define trading sessions, close trades at session end, and impose a cooldown between trades. The document explains configurable controls but provides no backtest results, live performance evidence, or comparison among entry and martingale variants. Martingale sizing can increase exposure after losses, and the suggested demo testing does not establish that any configuration is safe or profitable.

Key ideas

• The EA offers tick momentum, engulfing, RSI reversal, and EMA crossover entry logic.
• It supports three martingale sizing variants and several order types.
• Daily profit and drawdown thresholds can stop trading and close open positions.
• Session schedules, cooldowns, stops, targets, and trailing stops are configurable.
• The description supplies no empirical evidence that the strategies or settings are profitable.

Tags

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