ATTENTION !! THIS STRATEGY BASE ON MARTINGALE SYSTEM. EVEN THIS
SYSTEM HAVE A HIGH PROFIT LEVEL BUT IT ALSO CONSIST HIGH RISK LEVEL.
FOR A NEWBIE, MAKE SURE YOU HAVE SUPERVISION FROM EXPERIENCED TRADER WHEN YOU USE THIS. STRATEGY.
TAKE YOUR OWN RESPONSIBILITY to USE THIS STRATEGY.
INTRODUCTION
Before I describe how The Phantom EA work I want you understand what
is martingale first . So make sure you read this article carefully to
know the advantage and risk of martingale base strategy.
ABOUT MARTINGALE
from Wikipedia
Originally, martingale referred to a class of betting strategies popular in 18th century France.
The simplest of these strategies was designed for a game in which the
gambler wins his stake if a coin comes up heads and loses it if the
coin comes up tails. The strategy had the gambler double his bet after
every loss, so that the first win would recover all previous losses
plus win a profit equal to the original stake. Since a gambler with
infinite wealth will with probability 1 eventually flip heads, the Martingale betting strategy was seen as a sure thing by those who practised it. Unfortunately, none of these practitioners in fact possessed infinite wealth, and the exponential growth
of the bets would eventually bankrupt those foolish enough to use the
Martingale. Moreover, it has become impossible to implement in modern
casinos, due to the betting limit at the tables. Because the betting
limits reduce the casino's short term variance, the martingale system
itself does not pose a threat to the casino, and many will encourage
its use, knowing that they have the house advantage no matter when or
how much is wagered.
TRADING FOREX USING MARTINGALE
There is 2 kind of strategies to trade Forex using martingale :
1. One-Way Martingale
2. Two-Way Martingale
ONE WAY MARTINGALE
Using this strategy means we will only open positions on one direction. Here is the example :
Let
say we have SELL signal on EURUSD at 1.5000 and we decide to use 20
point as a martingale level, then we open new 0.1 lot SELL position.
But then the price going up and we have -20 position then we open 0.2
lot SELL position without closing first position. Then price keep going
up and second position has -20 point so we open new 0.4 SELL position
and we have 3 open positions . But price stilll going up and third
position has -20 point so we open new 0.8 lot SELL position. After that
then price going down and fourth position has +20 point then we close
all position. So the result will be :
Position 1, 0.1 lot($1/pip), open SELL 1.5000, close 1.5040, result = -40 pips X $1 = -$40
Position 2, 0.2 lot($2/pip), open SELL 1.5020, close 1.5040, result = -20 pips X $2 = -$40
Position 3, 0.4 lot($4/pip), open SELL 1.5040, close 1.5040, result = 0 pips X $4 = $0
Position 4, 0.8 lot($8/pip), open SELL 1.5060, close 1.5040, result = 20 pips X $8 = $160
Total result = $80
So, using this kind of martingale, all position count as winners. Below is how this strategy works
Interesting isn't 
BUT, there is disadvantage of this strategy. If price in the example
never goes down and keep climbing up then we have to keep opening new
position until we out of our margin. That is the worst scenario. Here
is the example :
Freaky right 
This strategy will work great on ranging market. But when the market
goes opposite significantly againts our current possition that that
would be a nightmare. Our account can be wipped out within minutes.
This strategy usually used together with other system which generate the first position.
The example of this strategy is GOBLIN EA by Bluto which posted on ForexFactory.com.
TWO WAY MARTINGALE
Using this strategy means we will open opposite positions with
larger lot after closed previous possition which hit martingale level.
Here is the example :
Let
say we have SELL signal on EURUSD at 1.5000 and we decide to use 20
point as a martingale level, then we open new 0.1 lot SELL position.
But then the price going up and we have -20 position then we close that
possition and we open new 0.3
lot BUY position. Then if price keep going down and current possition
has -20 point so we close that possition and we open new 0.7 SELL. Then
when price going down and our position has +20 point then we close
that position. So the result will be :
Possition 1, 0.1 lot ($1/pip), open SELL 1.5000, close 1.5020, result = -20 pips X $1 = -$20
Possition 2, 0.3 lot ($3/pip), open BUY 1.5020, close 1.5000, result = -20 pips X $3 = -$60
Possition 3, 0.7 lot ($7/pip), open SELL 1.5000, close 1.4980, result = 20 pips X $7 = $140
Total result = $60
Here is the illustration , 320 pips in 4 hours :
The key is to run this strategy when market
move minimal 2 X martingale level. No matter market in ranging or
trending situation, this strategy will always WIN
BUT, it can be like this :
Freaky right
This strategy can be used alone without any other system to open
first position since this strategy can work on ranging or trending
market. The challenge is to make sure that the martingale level
different from current market ranging level.
The advantage using this strategy is, unlike one way martingale, if
our position goes wrong, most of time we will have time to analyze it
and think what we should do.
THE PHANTOM EA
After understanding the advantages and disadvantages of each strategy, I try to combine both.
HOW IT WORKS
Just like two way martingale strategy, for first position we can just BUY or SELL.
Let say we SELL 0.1 lot and set the martingale level at 20. Then
market goes Up and we got -20 so we open new SELL 0.2 lot position.
Then if market still goes up and the second position is -20 then close
all position and open new BUY 0.7 lot position.
Then if market goes down and last position at -20, we open new 0.8
lot BUY. Then if market goes up and we got +20 on last position then we
close all position.
Here is how this strategy works :
Advantages :
This martingale strategy working slowly so it
will help us to rearrange our strategy when market goes wrong, even if
we run it on 6 different pairs, it will stil save to use this strategy.
Disadvantages:
This strategy will go into loser when market moving ranging 2 X martingale level like this.
So it is our challange to set a proper martingale level.
And it is important to do this things:
1. Having a 5000 point margin to make sure we have enought margin to handle high level on martingale.
2. Have high leverage (1:500) to reduce margin needed for every position.
3. Trading not only on 1 pair but 6 pairs for better safety.
4. Plan to close every opened position when one of them reach level 4.
As an example: Let say we got +200 pips today,
and for now we have 6 opened positions but one of them on level 4 and
total loss for all possition is -120. So better we close all positions
and accepting the loss. And start again.
DON'T BE GREEDY !! JUST CLOSE ALL POSITIONS WHEN YOU FIND THAT CASE.
EA SETTING AND FEATURES
And below is explanation for each setting on this EA :
DefMagicNumber, is a default magic
number which will be used by the EA. Every position opened by this EA
will be marked with this number as identifier. Just ignore it if you
do not know the importance. But You will need to change this number if
you run 2 EA (different or same) in one MT4 platform which working on
same pair and having same Magic number.
Lots, is lot value used by EA.
FirstInitialPosIsBuy, when TRUE then first position opened will be LONG position. when FALSE then first position opened will be SHORT position.
StopLoss, is SL used as martingale level.
TakeProfit, is TP used as martingale level.
On the example above we use same value for SL and TP. Actually, I always use same value for these settings.
And below is recommended value for each pair.
EURUSD,USDCAD,USDCHF,AUDUSD ,USDJPY : 20-25
GBPUSD : 30
GBPJPY : 60
MaxLevel, is highest level will be
openeh by this EA. As an example if we set MaxLevel=5 and currently we
have position on level 5 then if that position hit SL then EA will not
open new position on level 6 and only close that position and make a
new position on level 1.
TakeHalfOnLevel, is a level where EA will try to taking profit
on half of TP. As an example if we set TakeHalfOnLevel=4 and TP=60 then
when position on level 4 or above then TP will become 30.
NoMorePosAfterWin, when TRUE, if you have opened position, then
after hit TP no more position will be taken. But will still open a new
position if SL hit. If you do not have opened position and set this
parameter to TRUE then EA will stop working.
StopOpeningNewPosition, if TRUE then EA will not opening new position and only wait opened position hit SL or TP.
TurnOffEA, if TRUE then EA will stop working and ignored any opened positions.
Lot1 s/d Lot12, is a multiplier to count lot on every level.
On level 1, lots used will be Lots x Lot1
On level 2, lots used will be Lots x Lot2
On level 3, lots used will be Lots x Lot3
.
.
.
On level 12, lots used will be Lots x Lot12
TurnOnTimeFrame, if TRUE then :
1. EA start opening position at StartHour time server.
2. After EndHour time server then EA will not opening new position after hit TP but will keep opening new position if SL hit.
Starthour and EndHour, used with TurnOnTimeFrame parameter.
AlertOnLevel. For example if alertonlevel= 4 then when EA open position on level 4 there will be an alert message show up.
UseYourOwnPriceForInitPos, set TRUE if
you want EA take its initial position at your own price and you do not
have time to watch the market. You need to set BuyWhenHigherThan and/or BuyWhenLowerThan and/or BuyWhenHigherThan and/or BuyWhenLowerThan parameters to use it.
BuyWhenHigherThan, this parameter only used when UseYourOwnPriceForInitPos =True.
And EA will open its initial position by LONG when BID price is same or higher than BuyWhenHigherThan.
BuyWhenLowerThan, this parameter only used when UseYourOwnPriceForInitPos =True.
And EA will open its initial position by LONG when BID price is same or lower than BuyWhenHigherThan.
SellWhenHigherThan, this parameter only used when UseYourOwnPriceForInitPos =True.
And EA will open its initial position by SELL when BID price is same or higher than SellWhenHigherThan.
SellWhenLowerThan, this parameter only used when UseYourOwnPriceForInitPos =True.
And EA will open its initial position by SELL when BID price is same or lower than SellWhenHigherThan.
PROCEDURE, TIPS AND TRICK TO USE THIS HIGH RISK STRATEGY
1. At the beginning of EURO session open your MT4.
2. If you have 5000 pip margin then open EURUSD, GBPUSD, AUDUSD,
USDJPY, USDCAD, USDCHF chart. You can also open GBPJPY if you have 7500
margin.
3. Make sure your EA button is OFF 
4. Drag and drop The Phantom EA into each chart from Navigator->Experts .
5. Set TurnOffEA=TRUE to make sure EA still OFF when we activate EA button in the platform.
6. Set SL=TP for each pair :
EURUSD,USDCAD,USDCHF,AUDUSD ,USDJPY : 20-25
GBPUSD : 30
GBPJPY : 60
7. Set lot1-lot12 = 1,1,4,4,16,16,64,64,256,256,1024,1024 (recommended)
If you want larger profit with higher risk you can set it to :
1,2,7,8,31,32,127,128,511,512,2047,2048 (not recommended!! Make sure you have time to monitor the EA when you use this setting).
8. Put 910-M30 indicator at each . And wait 910-M30 indicator showing signal for each pair.
9. Activate EA by click on Expert Advisor button  .
Even the EA active, the EA not yet work since TurnOffEA=TRUE.
10. We need to wait 910-M30 indicator showing signal.
If 910-M30 showing BUY signal then set FirstInitialPosIsBuy=TRUE dan TurnOffEA=FALSE.
Then EA will open BUY when there is movement in the chart.
If 910-M30 showing SELL signal then set FirstInitialPosIsBuy=FALSE dan TurnOffEA=FALSE.
Then EA will open SELLwhen there is movement in the chart.
10. Do not hesitant to close all position at US lunch time. When you
will todays profit is enought then just close the EA and sleep well
You can close all position automatically one-by-one using "Close all open and pending orders" that I include in the ZIP file.
First, TURN OFF the Expert Advisor button . then Double click that script at Navigators->Scripts window.
ANTICIPATE LOSS
Everything looks great right. Looks like without hard work we will get a lot of pips. BUT there is time where we need to think and work.
When our position hit level 3, there is a 50% chance that the position will hit level 50%. And if the position hit level 40 than it is about 75% the position will hit level 5. So, if we have a chance to close level 4 position or above with a small loss in a day then never doubt to do it. Other way to anticipate loss is by set the SL and TP for higher value.
We know this strategy having a potential loss when market goes ranging 2xSL. So, when we have position on level 3 we set the SL and TP for higher value. The best value to add to SL and TP for each pair is :
EURUSD,USDCAD,USDCHF,AUDUSD,USDJPY : 10
GBPUSD : 15
GBPJPY : 25
EA in this website have ability to add SL and TP automatically when position goes above level 3. Simply fill NextWaveStep parameter with number above for each chart.
By doing that we will slowing EA to reach higher level and so we will have time to analyse market and closing position with minimal loss if we need.
IF YOU DO NOT HAVE MUCH TIME TO ANALYSE MARKET AND WATCHING CHART BELOW IS THE BEST SL AND TP SETTING WITH A MINIMAL RISK AND YOU CAN ONLY PROVIDE 7000 MARGIN TO TRADE ON 7 PAIRS. ABOUT 100-500 PIPS PER DAY IS POSSIBLE.
Untuk pair
EURUSD,USDCAD,USDCHF,AUDUSD ,USDJPY : SL=TP=40
GBPUSD : SL=TP=80
GBPJPY : SL=TP=150
You can download the Phantom EA at download menu and you can use it unlimited time at DEMO account or strategy tester.
If you want to trade on LIVE account using the phantom EA, you can get the LIVE version by :
1. Open LIVE account under my affiliate at LITEFOREX.ORG. CLICK HERE FOR THE DETAILS. 2. Buy all EA for all trading system in this website. CLICK HERE to start.
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