MT4 Live signal: https://www.mql5.com/en/signals/1496094?source=Site
Main features
- A martingale strategy based on 3 low volatile currencies (AUDNZD, EURGBP and USACAD) with different take profit settings.
- Use Stochastic and Moving Average as an entry.
- Use ATR to determine the pips steps of each order added.
- Include Breakeven setting to lower the maximum drawdown
- Maximum drawdown of around $1700 in 10 years of back test.
- Earning more than $22000 in 10 years with a minimum deposit of $2000. More than 100% return each year.
- Risk Management: account stop loss in $2000
- Solid live signal to monitor the real-time result
Requirement
- Hedging account is needed.
- A low spread, slippage and commission ECN broker is recommended.
- The EA should run on a VPS continuously
Set up
- Sign up an ECN account that allow hedging with minimum deposit of $2000.
- This EA is required to run in 3 charts
- set files are provided below
Chart 1：M30 AUDNZD Chart.
Drag the EA to the chart and load the preset for AUDNZD.
Chart 2：M30 EURGBP Chart.
Drag the EA to the chart and load the preset for EURGBP.
Chart 3：M30 USDCAD Chart.
Drag the EA to the chart and load the preset for USDCAD.
parameters
- Magic_Number：It is used for the EA to recognize orders that are opened by this EA
- Spread_Filter：If the current spread is larger than the spread filter, no order will be opened.
- Open_Order_Slippage_Filter：When the slippage of opening an order is higher than this filter, no order will be opened
- Close_Order_Slippage_Filter：When the slippage of closing an order is higher than this filter, no order will be opened
- Take_Profit_In_Points：Regarding the orders of the chart symbol, when the winning points per each 0.01 lot is higher than the Take_Profit_In_Points, all orders will close.
- Take_Profit_In_Dollar_Per_Side = Regarding the orders of the chart symbol, when the total profit of all orders is higher than the Take_Profit_In_Dollar, all orders will close.
- First_Order_Lot_Size：As its name implies, the lot size of the first order.
- Lot_Exponent：The multiplier for lot size during add order. After multiplication, the lot size will be rounded to 2 decimal places. Note that it cannot be set lower than 1.5.
- Maximum_Number_Of_Open_Sell_Order：As its name implies, the maximum number of sell orders that can be opened at the same chart.
- Maximum_Number_Of_Open_Buy_Order ；As its name implies, the maximum number of buy orders that can be opened at the same chart.
- Breakeven_Start_Level：After reaching this level (i.e. there is 8 orders of same direction in a chart), the breakeven setting will start. The mechanism is discussed on the Youtube tutorial.
- Account_Stop_Loss_In_Dollar：When the loss of your account is higher than this number, all orders will be closed.
- Time_Buffer_In_Minutes：During the first 15 minutes of Monday and the last 15 Minutes of Friday, the market tends to be volatile, and some brokers present wrong price with high spread which cause the EA to close orders accidently. So, during the above time period, no orders will be opened, added and closed
- Time_Buffer_In_Days：During the last 15 days of December and the first 15 days of January, the market tends to be volatile. So, during the above time period, the EA will only add and close orders. No new orders will be opened.
Disclaime
- Martingale strategy is a high profit while high risk strategy.
- Though the EA could greatly lower the drawdown to within $2000 shown in 10 years of back test, risk is still there in the future.
- In no event will authors be liable for any damages whatsoever, use at your own risk.
Files:
