I would like to share this ea I found on the web. credits to the creator and the person who shared it in other forum.
I think it uses hedging and martingale. it doesn't wait for a signal, it trades as soon as you activate it.
I don't understand it all, but I will explain what I understand.
the killzone is the hedge gap,
example:
if you put 10 in kill zone
if you buy at 1.1110
it will put a pending sell order at 1.1100
but I think you must put a takeprofit at least double the kill zone or bigger, so we must put 20 or more. and then the other inputs I don't understand.
if someone uses this please tell me the best kill zone and take profit.
but I got mc in some of my demo accounts using this with $10 capital and using .01 lot. Now I use $20.
I think it is good to use in a trending market, because you can find the trend even if you buy or sell.
but if you are right in your first prediction then you don't need to hedge, and just take the profit.
it doesn't really use martingale, because it doesn't double the lot,it uses the fibonacci starting with the second 1
here's my demo account
I use 8 killzone and 20 take profit
Login : 1445870
Investor : 7mcayuy (read only password)
I use 11 killzone and 28 take profit
Login : 1446053
Investor : gg5jfhq (read only password)