Hi, I just want to give you an advice how you better manage your risk. When you look at your chart you see that the martingale grid use a grid distance of 10 pips which is the default value. This is the space between your sell orders with increasing lot size. The lots increase by the numbers of the Fibonacci row which are in full numbers 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233, 377, 610, 987, 1597, 2584, 4181, 6765, 10946... Those kind of patterns you find in the nature and it work well to recover losses in a small scale of market move. In your case tha market move was huge and the EA traded lot sizes far beyond safety. Imagine you have to sum all your lots and how large your drawdown is on a further price change against your positions. For this reason it is irrevelant how much money you have in your account. This is just a risk to loose everything. For those currency pairs a much larger distance setting would be necessary (50-200).
This EA has not the option to edit the behaviour how it increase the lot size. This is because of the Fibo row and not just a like a multiplier. The only thing you can do is to limit the number of Martingale grids and adjust the distance of the grid space.
To trade more safe I use just Martingale with a set value of 8, maximum 9 (depend on your account) With a set of 8 you have 0.01 + 0.02 + 0.03 + 0.05 + 0.08 + 0.13 + 0.21 + 0.34 = 0.87 Lots (set to 8) + 0.55 = 1.42 Lots (set to 9). When the Martingale is used in full, the EA start to place orders in the opposite direction and build a second Martingale which is hedging your other positions. This is reducing the speed of drawdown. The implementation of orders with a higher lot size is the secret to make profits but it must be controlled. It is normal that it goes into drawdown and when the price action turns in the other direction it need just a small move and all positions are closed in profit.
(Example EURUSD)
A good balance setup is a lot size of 0.01, distance 12, take profit 10, marti 8, breakeven 10.
A more aggressive setup would be ot size of 0.01, distance 9, take profit 10, marti 9, breakeven 10.
Bye, Oliver
