=================== English =================== * inwCoin Simple Martingale Strategy ( Double down ) for educational purpose.
* Entry Condition : RSI cross Oversold Level up
* Martingale Condition (1) RSI cross Oversold Level up again (2) If Martingale > 6 times, it will martingale with time-base too, using "Martingale Timer" value ( the candles count )
* Take Profit Condition : When position has profit more than "Take Profit Percent"
---------- Desc. ---------- Position Size Percent = Start Position Size, less start size = more capital left for matingale if something went wrong
Take Profit Percent = If position has profit more than this value, it will close position Martingale Gap Percent = Calculate the gap between each martingale level Martingale Multiplier = Martingale position size multiplier Martingale Timer = If we already did martingale more than 6 times, it will buy more if the candle count from last buy entry more than this value ( time-base martingale ) Leverage = not working RSI setup = RSI setting, Oversold level is important because the script will do first buy entry when RSI crossover oversold level.
----------- Conclusion ------------ * People using Martingale a lot esp. in Forex EA/bot. Because if we "lucky" we'll get good profit every single day.
* But... if we unlucky and price keep going the other way, we'll have to double down like crazy and your portfolilo will get liquidated in no time...
* This is very risky strategy and I learned it the hard way...
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.