Forex Tramp Pro is a martingale EA that trades breakouts of the price from the trading channel. First of all, EA determines the trading range (channel), in which the price spends most of the time. When the trading range is determined, EA sets pending orders on its borders, buy-stop on the upper border and sell-stop on the lower border. All trading orders have take-profit and stop-loss levels. When the breakout occurs, one of the pending orders is triggered and goes into market. Only one trading order can be in the market at a time. If the breakout turns out to be a false one, the order is closed by its stop-loss. In order to compensate this loss, the volume of the next order is increased. When the take-profit is reached, the obtained profit compensates the losses of the previous orders and the additional target profit is gained.
Forex Tramp Pro
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