EA it, Because you can

Yes, I can hear you. "another martingale? are you kidding me?!" Trust me, I'm not. The chances are you are more likely to succesfully learn to trade manually by yourself than to find a money making EA not using martingale or hedging. That's how hard it is to find a good EA worth to review. Anyway, back to Hobbit. Its an EA using martingale, but with some settings you can use it to great effect of simple hedging and martingale. This review is about the V7 of the EA.  Entry Logic  I'm not able to find out how it places the entry as I don't have the source code. But based on my testing, it places martingale entries in one direction at each tick. i.e. Buy, buy and buy with multiplier until it hits the TP. What makes it more favourable is the placing of TP. At only 10pips, it hits TP quite fast and considerably reduces the risk that comes with multiple entries.  Hedging Not much of an hedging to be honest. This is a setting shared with me by one