Thread: New Reverse Martingale type EA

As you know the risk to use martingale EA is when we face huge up/down trend witout any pull back.

Attached is a New Reverse Martingale type EA. It works like this.

1. place two orders in both directions at first
2. also place pending lot multipled orders in both directions every set pips level

I think this one can be a perfect hedge EA run with other Martingale EAs if those functions below are equiped:

1. trailing stop when each pending order starts.
2. if active orders of this EA hits trailing stop, close all orders including pending orders and start again automatically.

Latest Results of reverse EA. try demo version

buy when it closes above it,

sell when it closes below it

SL below or above the pivot line
open candle above volatility pivot.jpgopen candle above volatility pivot 3.jpgpivot example.jpgPivot.zip

Forex Technical Analysis for Week 08/22—08/26
August 20th, 2011
Floor Pivot Points
Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
EUR/USD 1.3979 1.4110 1.4253 1.4384 1.4527 1.4658 1.4801
GBP/USD 1.5912 1.6083 1.6273 1.6444 1.6634 1.6805 1.6995
USD/JPY 74.78 75.36 75.94 76.52 77.10 77.68 78.26
EUR/JPY 107.09 108.05 109.12 110.08 111.15 112.11 113.18
GBP/JPY 122.98 123.97 124.97 125.96 126.96 127.95 128.95

Last three mouths result of Reverse EA
http://www.myfxbook.com/members/tase...erse-ea/160541