Simple Martingale EA demo test setup

 Here is my setup for Simple Martingale EA Initial balance $6k, trade initial lot 0.1lot on EURUSD 15min chart.

DonchianCloudTrader Expert Advisor

 I have been forward test this EA since 4 January this year, started balance $1,970.00 and trade 3 currency symbol, namely EURUSD, GBPUSD and EURGBP on 5min chart. The EA is running 24/5 without switching off even on major news event. Currently account has grow close to $3k. 

If you want to try out this Expert Advisor you may go to newdigital-world forum premium section. You need to subscribe as member.

Example charts with EA on :

Simple Martingale Expert Advisor

 I have back test this expert advisor from 6 January 2021 up to 24 March 2021 on EURUSD 15min chart. With initial balance $5k. It seem this EA can generate good profit in ranging market.

I will forward test with demo account, use it as semi-auto trade because martingale will blow account if you let it trade itself.

Below is the back test result : 

EURGBP : Ichimoku Analysis

 Let's look at the four-hour chart. Tenkan-sen line is above Kijun-sen, both lines are directed upwards. Confirmative line Chikou Span is below the price chart, current cloud is descending. The instrument is trading around lower border of the cloud. The closest support level is the upper border of the cloud (0.8745). The closest resistance level is the upper border of the cloud (0.8940).

On the daily chart Tenkan-sen line is below Kijun-sen, the red line is directed downwards, while the blue one remains horizontal. Confirmative line Chikou Span is below the price chart, current cloud is descending. The instrument is trading below Tenkan-sen and Kijun-sen lines; the Bearish trend is still strong. One of the previous minimums of Chikou Span line is expected to be a support level (0.8720). The closest resistance level is Kijun-sen line (0.8990).

On the both charts the instrument is still falling. It is recommended to open short positions at current price with the target at the level of previous minimum of Chikou Span line (0.8745) and Stop Loss at the lower border of the cloud (0.8940).

Scenario
Timeframe	Intraday
Recommendation	SELL
Entry Point	0.8889
Take Profit	0.8745
Stop Loss	0.8940
Key Levels	0.8720, 0.8745, 0.8940, 0.8990