Martingale EA

I need an EA with martingale trading strategy that uses one indicator to determine buy or sell direction.

The strategy is based on one indicator called ExVo (Settings; 100, 50).

Entry strategy: This indicator has a 0.0 line which is set as break point. When price is above 0.0 line EA in buy mode only. e.g. when price is above 0.0 then EA opens the first trade, when first trade target hits EA open the second trade straight away. If market moves in the other direction martingale kicks in. Sell is the opposite.

Target: Fixt in pips

Stop: No stop

Levels: When market moves against the first trade after certain pips (distance) EA opens second contract and then third etc.

Calculation for martingale: If the initial lot is 1 then the calculation is as follow;

1,2,3,4,5,6,7,8,9,10,11,12.

Each extra level of martingale is the initial lot size plus the last contract size.  Initial Lot + Last Contract.

Distance: This is the number of pips in which the target for martingale trades should be set. For example of distance is 0 then the target for all open martingale trades will be at break even. If the distance is 20 then the target is 20 pips above or below the break even point.

Reverse mode: Reserve mode kicks in as an exit strategy, meaning that we there one o more open positions and the direction of the indicator changes then EA closes all trades and start opening position in the indicators direction.

EA settings:

Indicator settings

ExPeriod                100

Normalize              50

Reverse mode       On/ Off

Initial Lot                  0.01

TP                             30

Levels                       20

Distance                    5

Slippage                    3

Magic                        12345