As oppose to the normal Martingale EA at which we double contrary to a trend in hopes that the market turns our method, is there a EA that does the reverse?
For instance: I open a Long position (.10) with a T/P@ 100 and STOP/REVERSE@50. Now, if the S/R is struck the Long position is closed and a Sell order (.20) is triggered. This goes on until the T/P is struck or even a margin call shuts your rankings. Essentially this EA makes money once the currency is trending. I've analyzed this exclusively on GBPJPY with a T/P@300 and Stop/Reverse@100 and functions very well. Additionally my entrances aren't arbitrary! Now does an EA exist?
thnx