Topic: Martingale function logic
Hello everyone,
How do implement this into my strategy where we apply the martingale system only when we experience a loss. Here's how it would work across three scenarios:
First Scenario:
First trade: If we lose with a lot size of 0.01, then
Second trade: Double the lot size to 0.02. If this trade wins, revert to the original lot size of 0.01 for the subsequent trade.
Second Scenario:
First trade: If we lose with a lot size of 0.01, then
Second trade: Double the lot size to 0.02. If this trade also loses, then
Third trade: Increase the lot size to 0.03. If this trade wins, revert back to 0.01 for the next trade. If it loses, continue increasing the lot size for the following trade.
Third Scenario:
First trade: If we win with a lot size of 0.01, continue using the same lot size for the next trade.
This strategy uses incremental increases in the lot size following losses, with a reset to the base lot size following a winning trade.
Please note that I want to maintain the martingale system as follows: if the initial trade with a lot size of 0.01 results in a loss, increase the lot size for the next trade to 0.02. If this trade also results in a loss, then increase the lot size to 0.03 for the subsequent trade, and so forth. Continue this pattern, incrementally increasing the lot size by 0.01 after each loss, until a win is achieved.