A mean reversion system based on BollingerBands, RSI and Stochastic. It enters the market through pending orders that get activated if and when the reversal signal is proven WRONG. That's a mind twister... It can be proven wrong a number of times (as the market goes against the 1st position and the 2ns, and the 3rd...). Eventually, the market reverses or pulls back a little. That's when the basket is usually closed. We can set a TP in money or pips.
Basket of trades means we need equity to keep many of them open, so a high leveraged account is in order or enough balance to compensate for that if possible.
The test was done on a FBS Standard account - leverage 1:500 - initial balance $1000. Over the past 6 months, it managed to double the account trading on M5 timeframe.
Be careful with the ramping up of the trades (the multiplicator can be adjusted). Control your greed (TP in money set to only $5). Baskets can be closed even on minor pullbacks that way. Better be out with $5 in the pocket than being on the wrong side of a raging market.
Hi, the martingale is used just for hedging.The EA trades with BB, Stochastic and RSI. Martingale's parameter are adjustable. level=steps of martingale (fix a number) range=distance between steps (1=10 pips) multiplier= multiplier factor for the steps (if 1 than it will become a grid) tp_in_money=trades in a basket of orders (martingale's order) summing a number of $
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