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This Expert Advisor is based on martingale as the name suggest. Tested in EURUSD H1 and H4 using default settings.
- InpMagicNumber – magic number to use for open orders, if -1, the all open orders for that specific instrument will be processed by this ea
- InpSellEnable – to enable opening of sell order
- InpBuyEnable – to enable opening of buy order
- InpLotExp – lots multiplier for averaging down an open orders
- InpLots – initial lots, this will be based on InpDollarPerLots
- InpMaxLots – if specified, it will limit the maximum lots under InpLotExp, which is also based on InpDollarPerLots
- InpTakeProfit – take profits in points
- InpPipStep – minimum distance for opening an averaging down an open orders
- InpMaxTrades – maximum number of averaging down an open orders
- InpMinTimeTradeStep – minimum time distance between orders when averaging down
- InpDollarPerLots – increased the lots by 0.01 per InpDollarPerLots gain based on the initial balance and current balance
- InpPercentBuffer – additional buffer based on InpDollarPerLots
- InpSpread – maximum spread allowed before opening an orders. If -1, no checking
Note:
- Lower TakeProfit and PipStep -> High Risk -> High Rewards like TP=60, PipStep=250
- Higher TakeProfit and PipStep -> Low Risk -> Low Rewards like TP=500, PipStep=1000
Check out also the TrendTrader.
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