I will try this out and see how it goes. Had to use a few indicators for Gold but no joy as Gold is very volatile and the indicators lag. Does this indicator repaint?
Thanks for sharing. With regards to info shared by fxeacracked.com about "Timeframe", the suggestion is using H1 instead of M5/5M. However, since you said that 5M or M5 is the best timeframe, would you mind tell us all with the following:
1. The reason why M5 is the best in your opinion.
2. What is your result using M5 timeframe? (e.g. how much monthly profit that you'll able to earn with M5 timeframe?)
3. What is the maximum drawdown of using M5 timeframe? (e.g. 40%? 60%? or other %?)
4. What leverage are you using? (e.g. 1:500?)
Yes agreed with you that Martingale strategy is quite risky. However, if you could manage your risk well and if the EA could perform well and steady, the result could be quite profitable and impressive too. I assume that using 0.01 lot with a $1000 account could be a good start. If that is too risky for this EA, then maybe using 0.01 lot for a $10000 standard account or $100 with CENT account would be a good start on demo testing. If that works well over a few weeks or months, then maybe it's time to consider to switch to a live account for further tests.
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