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Forex Software → Forex Strategy Builder Professional → Is it possible to have Variable take profit in Martingale strategy?
Hi
I have developed a strategy with Martingale and I want to reduce the take profite in proportion to the increase in the volume of the trade.
for example:
for Entry_Amount = 0.01 to 1 lot ----> Take_Profit = 800 points
for Entry_Amount = 1 to 10 lot ----> Take_Profit = 550 points
for Entry_Amount > 10 lot ----> Take_Profit = 300 points
Is it possible to apply such settings?
The market doesn't care about the positions entry amount.
When we use the martingale method, the volume of the next trade multiplies after each failure in the trade.
If the take profit can be reduced with each increase in volume, the risk of the transaction is reduced.
The risk is not reduced if you reduce the TP, it would be similar (also not reduced) if you half the SL on each x2 lot increase in the martingale tiers, but if you use no SL on every single order (like most martingales), or keep the same SL, you still double your risk, regardless how much you reduce the TP.
Forex Software → Forex Strategy Builder Professional → Is it possible to have Variable take profit in Martingale strategy?
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