Using Virtual Orders to Calculate a Martingale Basket Exit Price

Summary

This document describes an indicator for calculating the average price at which a group of orders would close at breakeven. The trader creates virtual orders and manually sets their volumes; the indicator then computes the combined average price. Orders can be repositioned with the mouse, allowing the trader to explore how changes in order placement affect the basket’s closing level.

The material is a brief product description rather than a strategy evaluation. It does not specify the averaging formula, provide worked examples or market tests, or explain how the indicator accounts for fees, spread, funding, or slippage. Although its name refers to a martingale approach, the document explains an order-basket calculation tool, not rules for sizing a martingale sequence or evidence that such a strategy is profitable.

Key ideas

• The indicator estimates the combined breakeven price for a set of orders.
• Users define virtual orders and enter their volumes manually.
• Orders can be moved interactively to recalculate the basket’s average exit level.
• The description provides no test results or details about transaction costs and risk.

Tags

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