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Martingale Stochastic Scalper Strategy
Source: https://fxcodebase.com/code/viewtopic.php?f=31&t=4380
Forum: 31 · Topic 4380 · 10 post(s)
Martingale Stochastic Scalper Strategy
sunshine · Fri May 20, 2011 10:09 am
Initially the strategy is developed on mql for Meta Trader. The strategy is based on the stochastic indicator. The first trade is opened by the conditions:
- if stochastic K line > stochastic D line, and stochastic D line is above the overbought level, then the strategy goes long;
- if stochastic K line < stochastic D line, and stochastic D line is below the oversold level, then the strategy goes short. The following trades are opened if the currently opened trades are loosing.
This is a martingale strategy that is an amount of a trade is increased by the multiplier (the value is set in properties) after every loss. So that the first profit would recover previous losses.
The trades are closed with a profit set in pips or in an account currency in the strategy properties. By default the value is two pips. So that the strategy is scalping. The trades are also closed after loosing an amount of money set in properties. The strategy is risky!!! That is why it is is stopped after the loss. However you can set “Pause after loss” property to “No”.
The Strategy was revised and updated on December 18, 2018.
Re: Martingale Stochastic Scalper Strategy
R3boot · Fri May 27, 2011 12:38 pm
dose it allow to open a hedge position after certain points?
Re: Martingale Stochastic Scalper Strategy
NID007 · Fri Jun 03, 2011 3:55 pm
Many thanks for your help Sunshine, you are a credit to the team and this site , thanks for your great work .
Nid007
Re: Martingale Stochastic Scalper Strategy
gsalazar5 · Fri Apr 27, 2012 9:36 am
Greetings, could tell me what are the parameters to be placed in the backtest. thanks.
Re: Martingale Stochastic Scalper Strategy
jdutchak67 · Thu May 03, 2012 8:57 am
Can you explain the following parameters
Take profit in pips. Close with dollars. Max loss in dollars.
Are these 3 params for every trade? Could you add the options of
Take profit in pips Take loss in pips OR Take profit in dollars Take loss in dollars
For each trade?
This would make more sense I think. Very cool strategy
Re: Martingale Stochastic Scalper Strategy
Apprentice · Sun May 06, 2012 4:07 am
Your request is added to the development list.
Re: Martingale Stochastic Scalper Strategy
cekodokpisang · Sun Nov 17, 2013 11:06 pm
Hello guys,
Have any1 use it in a real account and have a good setting on the parameters..? If there is, hope that you guys can share it in here.. I have modify the strategy and test it but still dont give a minimum loss, I know that losses is a must, but I want a acceptable amount of the loss, I have look in the youtube that this person make the equity never fall below the balance amount. Is this can be done..? Hope that you guys can help me in here..
Re: Martingale Stochastic Scalper Strategy
Kyriakos · Tue Jun 16, 2015 2:41 am
Hi,
Can you add a maximum positions option for this strategy? Thanks
Re: Martingale Stochastic Scalper Strategy
gezisLV · Tue Nov 10, 2015 8:02 pm
There is a problem with this strategy at least for me because it’’s not taking short trades on indices
Re: Martingale Stochastic Scalper Strategy
Apprentice · Wed Dec 14, 2016 3:28 am
Strategy was revised and updated.