Martingle consecutive automated trading

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Hi All, 

I am looking for existing EA script to a martingale consecutive trading in 1 direction (no hedging). 

Here are the requirements:

1) Sell/buy direction to be initiate manually where the automated trading is triggered with the same direction (sell or buy) as the initial order.

2) Lot size is multiplied for the next order. Free variables for user to specify

3) Back to starting lot size (in this example 0.1) after each loss. 

4) Start a new cycle after the preceding cycle is completed 

5) EA does create a new order if spread is over X value or time X to be specified when EA need not be working

6) EA does not operate when the price is below the initial entry price in buy or above the initial entry price in sell


Below is an example. 

Would you be so kind to recommend an existing EA that can be purchased? Thank you in advance. 

Cycle  Lot Size Pips TP Pip SL 
 1 0.1 (initial order)
 20 As specified in the parameter
 1 0.2
 20 10
 1 0.4   10 10
 2 0.1 20 As specified in the parameter
 2 0.2 20 10
 2 0.4 10 10
 

  1. Martingale, guaranteed to blow your account eventually. If it's not profitable without, it is definitely not profitable with.
              Martingale vs. Non Martingale (Simplified RoR vs Profit and the Illusions) - MQL5 programming forum 2015.02.11

    Why it won't work: Calculate Loss from Lot Pips - MQL5 programming forum 2017.07.11

  2. You have only four choices:

    1. Search for it. Do you expect us to do your research for you?

    2. Beg at:

    3. MT4: Learn to code it.
      MT5: Begin learning to code it.
      If you don't learn MQL4/5, there is no common language for us to communicate. If we tell you what you need, you can't code it. If we give you the code, you don't know how to integrate it into your code.

    4. or pay (Freelance) someone to code it.
                Hiring to write script - General - MQL5 programming forum 2019.08.21

    We're not going to code it for you (although it could happen if you are lucky or the problem is interesting.) We are willing to help you when you post your attempt (using CODE button) and state the nature of your problem.
              No free help 2017.04.21

 
Chanpakong Visobdilok:

Hi All, 

I am looking for existing EA script to a martingale consecutive trading in 1 direction (no hedging). 

Here are the requirements:

1) Sell/buy direction to be initiate manually where the automated trading is triggered with the same direction (sell or buy) as the initial order.

2) Lot size is multiplied for the next order. Free variables for user to specify

3) Back to starting lot size (in this example 0.1) after each loss. 

4) Start a new cycle after the preceding cycle is completed 

5) EA does create a new order if spread is over X value or time X to be specified when EA need not be working

6) EA does not operate when the price is below the initial entry price in buy or above the initial entry price in sell


Below is an example. 

Would you be so kind to recommend an existing EA that can be purchased? Thank you in advance. 

Cycle  Lot Size Pips TP Pip SL 
 1 0.1 (initial order)
 20 As specified in the parameter
 1 0.2
 20 10
 1 0.4   10 10
 2 0.1 20 As specified in the parameter
 2 0.2 20 10
 2 0.4 10 10

I just wanted to comment on this line:

6) EA does not operate when the price is below the initial entry price in buy or above the initial entry price in sell

What if price moves against your trade and never returns (by never I mean days, weeks, months, years...) You just won't trade for that long? If that happens when your martingale has reached 4 or 8 times and you are with a huge loss? I think your strategy is too simple and wont work.

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