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Simple Martingale EA with lot manipulation

MQL4 Experts Libraries Statistics and mathematics Trading robot/indicator debugging Strategy modules

Job finished

Execution time 1 day
Feedback from customer
Developer delivers very fast and timely, reply without much delay. Recommended if you are searching for fast developer. Although ugly code at first, he was willing to modify it and make it better.
Feedback from employee
Very good customer. Replies quickly. Explains everything very clearly. No problems at all. Looking forward to work for you again.

Specification

Entry

First trade type = Buy (Default)/ Sell

Start lot = 0.1

Lot multiplier = 2.0

Max lot = 1.0


Entry condition

  1. If there is no trade (and no losing trade in the past). Directly open 1 trade with start lot and default First trade type (by default it will first open buy)
  2. Once the trade TP, (and is confirmed profit with Swap, commission and spread), it will immediately reopen a new Buy trade again (same as last winning trade).
  3. When it reached SL, (and is confirmed profit with Swap, commission and spread), it will immediately reopen a new Sell trade (reverse the trade type from the one that is losing)
    • Buy SL = Open Sell
    • Sell SL = Open Buy
    • The new open trade here due to SL of last trade will be >> Previous open lot * Lot multiplier = 0.1*2.0 = 0.2 lots
    • If this trade (Sell) hit SL again, it will change back to buy with 0.2*2.0 = 0.4 lots
    • If SL again, it will change to open sell at 0.8 lots
    • If SL again, it will open buy trade BUT at 1.0 lots (limit by the Max lot of 1.0)
      • If continuously SL, it will just open fixed at 1.0 lots
    • When the trade finally get TP (e.g. the Buy trade at 1.0 lot), it will change the lot size back to start lot of 0.1. And continue the same trade type as last winning trade with starting lot. (Back to checking condition of 2 and 3)


Exit (Fixed TP & SL)

TP = 500 pts

SL = 500 pts


Inputs

Magic no = 15112021

Comment = RM_EA_(ORDER TYPE)_(Magic no.)

  • Insert ORDER TYPE - when buy is 1 and when sell is 2
  • Magic no. as what key in by user


Clean and Readable source code is needed



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Project information

Budget
30+ USD
For the developer
27 USD
Deadline
to 3 day(s)