The ESB supports martingale and anti-martingales and can manage both at the same time. You can set “Martingale Type” to any type you like.
If Martingale Type sets on “Simple Martingale and Anti Martingale”, ESB opens a martingale rally and anti-martingale rally at the same time. If price moves in the direction of our position start an anti-martingale and if the price moves reversely, do a martingale. If the price moves both sides, both of martingale and anti-martingale will be started.
If you need to start anti-martingale only if we don’t have martingale or vice versa, set this parameter to “Simple Martingale or Anti Martingale”. This means you want to have only one of the martingale or anti-martingale. If price moves in the direction of our position start an anti-martingale and if the price moves reversely, do a martingale.
The ESB can create a martingale rally instantly as price moves enough inversely or uses pending orders and place all martingale orders as the signal received. Simply can determine your method of order placing by the “Orders Mode” parameter. Some traders prefer instant orders and have their reasons for example, they like to have hidden positions, and brokers don’t have any information about their levels of trading. Therefore, they don’t like to use pending orders.
Each level of martingale attempts can have a tolerance that can be set by the “Level Slip” parameter. For example, if the next sell attempt must be placed at 1.31400, and the level slip was set on 10 points, this attempt can be placed at 1.31390. This can help in some situations that spread is wide or the market doesn’t have enough movement.