What is the Reverse Martingale Bot?

Overview

The Reverse Martingale Bot implements a 5-step trading strategy that uses RSI signals for entry and progressive lot sizing for risk management.

Strategy Description

Initial Parameters

• Initial Lot Size: Base position size for first trade
• Take Profit (TP): Target profit in pips
• Stop Loss (SL): Risk threshold in pips (Below 35% of TP recommended)

Trading Logic

Step 1: Initial Trade Entry

• Entry Signal:
  • RSI > 60 → Open SELL order
  • RSI < 40 → Open BUY order
• Exit Conditions:
  • Close trade ONLY when TP is reached
  • Do NOT close when SL is reached

Steps 2-4: Reverse Martingale Progression

• Trigger: Previous trade reaches SL
• Action:
  • Keep existing trades open
  • Open new trade in opposite direction
  • Double the lot size
  • Apply same TP/SL values
• Exit: Close ALL trades when newest trade reaches TP

Step 5: Final Step

• Success: 5th trade reaches TP → Close all trades (profit)
• Failure: 5th trade reaches SL → Close all trades and STOP (loss)

Example Scenario

Initial: Lot 0.01, TP 100, SL 50, RSI 65 (Sell)

Step	Action	Lot Size	Direction
1	Sell	0.01	SELL
2	Buy	0.02	BUY
3	Sell	0.04	SELL
4	Buy	0.08	BUY
5	Sell	0.16	SELL

Outcome: Profit if Step 5 hits TP, loss if Step 5 hits SL