In my experimentation to add some sort of hedging to trades, I stumbled on the Martingale roulette betting strategy.
If it works in the casino, why not here?
The principle is simple:
If you lose a trade, immediately go the opposite direction and double your bet.
In this case, we're just applying a multiplier.
The strategy is a simple EMA crossover - defaulted...
Flip a coin every Monday.
Heads, go long. Tail, go short. Stoploss at 1 ATR, and Take profit at 1 ATR too. 1:1 risk to reward ratio.
After backtesting 2018, 2019, and 2020 with 28 major currency pairs. We are getting close to a 50% win rate with an 8% standard deviation.
Believe it or not, this simple performs better than lots of the popular indicators out...