Decent Martingale Strategy [Pinescript v3]

13 ก.พ. 2019

In my experimentation to add some sort of hedging to trades, I stumbled on the Martingale roulette betting strategy.
If it works in the casino, why not here?

The principle is simple:
If you lose a trade, immediately go the opposite direction and double your bet.

In this case, we're just applying a multiplier.

The strategy is a simple EMA crossover - defaulted to my favorite periods 8 and 62.

Enjoy :) I'll make a new one that's contained in a function, so you can simply implement it in your own strategy and have it monitor winning/losing trades automatically.

Cheers,
DasanC