I am certain this system is floating about in here somewhere. I can't appear to loe it. With all you genius programmers out there I am sure someone has done it knows the way to get it done.
This system is very simple. It uses a martigale design egy by incrementally increasing lot sizes. It may be entrance or indior initiated.
A long/short place is entered and when the market goes against your position you enter a position another direction with double the former lot entry.
When the market subsequently turns against you again, you do the identical thing, enter a position another direction double the last lot size increment.
I guessed a standard 10 TP and 10 SL would function well considering your doubling lot dimensions. According to my math with settings. You can go 11 trades into a development, using a $1000 account beginning at .1 lot size before you get a margin call
You can go 15 trades into a development, using a $1000 account beginning at .01 lot size before you buy a margin call.
Odds are you will not range within 10 pips for 11-15 trade reversals.
As long as you continue entering trades on the market management(and have enough cash) you can't lose. I'd like an EA constructed to perform this. I am sure someones likely already thought about it and/or assembled it.
Any thoughts or comments feel free. I believe that's the very best thing about open source communiion. Someone will think about something that you didn't. !
Jar ,