In this tutorial, I'm going to demonstrate a simple system with a different money management technique called Martingale or Anti-Martingale.
For example, the system will send a buy order every hour starting at 10 o'clock.
Set Stop Loss to 100 Pips...
and Take Profit to 100 Pips.
We will limit the number of open trades to 1, so a new trade will be executed only after the previous trade is closed.
Now select Money Management: Martingale or Anti-Martingale.
It will start with 1 minilot or 0.1 standard lots.
After each losing trade, the trade size will be multiplied by two.
After a profitable trade, the trade size will be set back to 1 minilot.
Copy the source and compile it.
Let's backtest it.
You can see how the drawdown is always recovered by doubling the lot size.
This is a very risky trading method and not recommended. We are using it now just as a Money Management demonstration. A better way is to do just the opposite - decrease the lot size after each loss, for example by a factor of 0.8. This way you would protect your account during a series of losses.
You can even increase the lot size after each profitable trade.
There are other useful money management methods such as Position Sizing. As your trading account grows, you can open a larger trade size proportional to the account balance.
