Martingale based Expert Advisor specially designed for small deposits. This feature is enabled through the configurable parameter "Number of bars to be skipped", which means skipping the specified number of bars after the last entry.
How it works: suppose we have the first open BUY position, and a new entry signal emerges on the next bar (the price moved down by "Step between positions"). More signals to open BUY emerge on the next two bars. A regular martingale would open four consecutive positions with the following total volume (taking into account the starting lot of 0.01 and the multiplier of 2.0):
This load can destroy small deposits. Our EA with "Number of bars to be skipped" (let it equal 3) would open the first BUY 0.01 position, skip three bars and open the second BUY 0.02 position.
Testing on EURUSD,H1:
Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/19637
The Expert Advisor uses three iMAs (Moving Average, MA), one iOsMA (Moving Average of Oscillator and one iRVI (Relative Vigor Index, RVI). Trailing stop is based on the High/Low of earlier bars.ColorSRoC
The smoothed S-RoC indicator of the relative price increment by Fred Shutsman.