@fxdreema I'm also playing a bit with the Martingale type EA's. In your example, you say that you use TP of 50 pips in the sell blok, so the TP is 50 pips from the open price of the last child-trade and all other trades in this trade-group get this same TP. Won't this be pretty unprofitable as most of the other trades will close out with a negative profit??
What I want to do is the same kind of structure, but different as follows. Let's say I open the first buy order with a TP of 120 pips, SL 3000 pips. When the market price moves the other way, I want to open a child trade each time it moves 280 pips (spread). For the last child-trade, I want the TP to increase with 140 pips and all other trades in this group adopt the same TP. SL remains at the initial 3000 pips from the opening trade. So:
Trade 1: TP 120 pips, SL -3000 pips
Trade 2: opens after -280 pips, TP 260 pips (adopted by all), SL remains -3000 from first trade
Trade 3: opens after -280 pips, TP 400 pips (adopted by all), SL remains -3000 from first trade
etc
etc
Any idea on how you would go about this?
Kind regards,