Read our last article on How to Martingale with Forex EA’s.
Apply Martingale to Forex Shocker
Forex Shocker is an Asian Scalper that only trades for 1 hour per day. The EA can enter from 1 to 3 positions at the same time and can take several different scalping positions within this one hour of trading. The overall results are quite impressive for such a small trading window.
For the last 5 months, this scalping strategy has made a minimum of 6% a month and up to almost 20% with a draw-down of 6-7%. Now to me, a loss of 6-7% in a single for a gain of 6-20% in a month is aggressive. If the EA has 3 bad days in a roll, your account will be at a 20% loss very quickly. However, with a success rate of over 90% this EA suprises most with its ability to make profits 26 days in a row before a loss takes place. That’s amazing!
The EA doesn’t use martingale to keep the equity curve moving north but a precise algothirm that continues to be accurate even during some of the most volatile markets in 2011. So now, you should see why I’ve explained the ins and outs of martingale. Applying such a money management strategy to this EA after EACH losing day, could recover our losses very quickly. If you can handle the extra risk of doubling your Risk ( LOT SIZE ) after each losing day, your portfolio will recover within 2 days instead of 4-5 days. Why this could really work well?
- Only trades 1 hour per day – The market is slow
- 90%+ success rate with a maximum loss of 27 pips
- It is not a broker dependent hyper scalper – Average Trader Duration 46 minutes
- Real Verified account at Pepperstone
I would suggest running this EA with other EA’s for diversification, since this EA only focuses on an average holding period of 45 minutes. If you are looking for another Expert Advisor that can compliment this scalper, you should check out the Forex Cleaner as its another steady winner which only trades EURUSD.
