The Well Martin Expert Advisor looks for entries in a calm market and increases the lot after a loss.
Trading Strategy
- The EA is designed to trade in a quiet market.
- The EA trades using market orders, and exits positions using stop orders.
- StopLoss and TakeProfit levels are set through modification.
- After a losing position, the EA increases lot by KLot.
- If MaxLot is reached after a series of losses, the EA switches to the minimum lot set in Lots.
- If you set Lots to zero, the lot will be calculated based on deposit and the Risk parameter.
- The EA opens positions alternately, i.e. buy-sell-buy or sell-buy-sell.
The EA has been optimized on data for 01.11.2005-01.11.2010. Symbol EURUSD Н1.
Related signal monitoring: https://www.mql5.com/en/signals/195414
Settings of the Expert Advisor
Trading Lot Settings
- Lots – trading lot
- KLot – lot increase
- MaxLot – maximum lot
- Risk – risk management
Position Placing Parameters
- StopLoss – the stop loss value
- TakeProfit – the take profit value
- Slip – allowable slippage
- Magic
Indicator Settings
- ADXPeriod – period of the ADX indicator
- Level – level of ADX
- BBPeriod – period of Bollinger Bands
- BBDev– deviation of Bollinger Bands
Trading Time Overwrite
- StartHour – trading start hour
- StartMin – trading start minute
- EndHour – trading end hour
- EndMin – trading end minute
Error Handling
- MaxEntry – number of attempts to place an order
- LongPause – a long pause after an error
- ShortPause – a short pause after an error
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