This is a very risky Martingale Strategy and it is not recommended to
use it for Live Trading!!!
The strategy is based on TEMA crossover, with time periods of 10 and
50. When TEMA 10 crosses TEMA 50 from downside a buy position will be
opened and vice versa. Trade Amount is 1 million on USD/JPY. The
selected period is 1 min. The strategy uses the hourly SMA 10
indicator for trend control and the hourly and 1 min RSI 14 indicator
to check limits for trading. Stop Loss and Take Profit are set to 5
pips.
After every closed position with loss a new position will be opened in
the opposite direction in the following mode: On first reaction the
trade Amount will be multiplied by 3 with Stop Loss and Take Profit 5.
The second reaction is a position with the same trade amount as the
last closed position, but with SL and TP 20. The third reaction is to
open another position with trade amount 3 times bigger as the position
before and the same SL and TP. On forth reaction the trade amount
remains the same and SL and TP are set to 50. The fifth reaction is to
open the nest position with trade amount 2.1 times bigger as the
position before and the same SL and TP. Every next reaction is like
the fifth reaction and this work goes on until a position is closed on
TP.