Experts: Martingale Levels For Money Management

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Martingale Levels For Money Management:

To use martingale money management when a position is in loss and price hits any of specific distances.

Martingale Levels For Money Management

Author: ManiABLS

 
Hi, please give me some advice on how to use Expert?
How do I put it on the chart?
That is, first activate the expert, then activate the buy or sell, and we should also activate buy limit and sell limit?
This is good for selling, please activate it for buying.
You wrote the expert guide, but how should we open our trade on our chart? Should we only apply buying and selling or should we also apply buying or selling limits?
Thank you for helping me
 
angouti1355 angouti #:
Hi, please give me some advice on how to use Expert?
How do I put it on the chart?
That is, first activate the expert, then activate the buy or sell, and we should also activate buy limit and sell limit?
This is good for selling, please activate it for buying.
You wrote the expert guide, but how should we open our trade on our chart? Should we only apply buying and selling or should we also apply buying or selling limits?
Thank you for helping me

Hello my countryman, Mr.angouti;

Please use this EA in demo account to know exactly how it works.

There is no need to set  limit orders. When you run the EA, and you are in a buy position, if you were in loss and the price is lower than your open price, for example you set distance1 in 400 points and distance2 in 500 points, when price - open price is -400 points, first martingale position activates. If price - open price is 900 points, the second martingale position activates too. 

You can set a total loss and total profit. When your total positions reach to total loss, all positions get closed and when your total positions reach to total profit, all positions get closed too. 

 
ManiABLS #:

Hello my countryman, Mr.angouti;

Please use this EA in demo account to know exactly how it works.

There is no need to set  limit orders. When you run the EA, and you are in a buy position, if you were in loss and the price is lower than your open price, for example you set distance1 in 400 points and distance2 in 500 points, when price - open price is -400 points, first martingale position activates. If price - open price is 900 points, the second martingale position activates too. 

You can set a total loss and total profit. When your total positions reach to total loss, all positions get closed and when your total positions reach to total profit, all positions get closed too. 

When we open a buy or sell position, should we set stop loss or take profit or does not want?

 
angouti1355 angouti #:

When we open a buy or sell position, should we set stop loss or take profit or does not want?

If you set total loss  and total profit in dollar in the EA, automatically the EA will close all positions when reach to those amounts. 

Please test the EA several times in demo accounts. 

 

Hello! I need some advice on how to run this Expert?

I tried to setup the EA as you mentioned on a demo account, but it does not run. Simulation run for 4 seconds but it does not provide any results. No buy or sell movement. Suggestions?

Using GBPUSD, account with $2800 (USD), trying to run on M15 using backdata from March 2022 until July 2023.

 
Rubens KC #:

Hello! I need some advice on how to run this Expert?

I tried to setup the EA as you mentioned on a demo account, but it does not run. Simulation run for 4 seconds but it does not provide any results. No buy or sell movement. Suggestions?

Using GBPUSD, account with $2800 (USD), trying to run on M15 using backdata from March 2022 until July 2023.

Hello, 

This EA is a management strategy which means when you had a buy or sell position and your position is in loss, then this EA starts to open positions according to your personal setting that you can set in EA. 

This EA does not start trading in back test or forward test. 

This EA is written based on 2 functions and is open-source, you can just copy paste the codes in your own EA and change the money management system.

 
Hello good time
Is this expert useful for the time frame of 1 or 5 minutes? Should it be done with the default settings or should we change it?
 
I want to modify the martingale as follows: 1_ Instead of using a multipler that depends on (×) multiplication.. the addition (+) is adopted so that every subsequent deal has the contract added to it constant.. I think you know what I mean.. and this is to preserve capital.. without fear of  Opening many deals.
. 2_ The number of deals can be set at 50 or more.. There is no problem..especially in cent accounts. 
 3_ Adding a software command that is not currently important..for those who like to activate it..and it is to combat martingale..several profitable deals are opened.  In the direction of the market as well.
. 4_ Another software command is added to make a hedge between all the buying deals on the one hand.. and the selling deals on the other hand.. in order to eliminate any pending deals.. My dear, it is enough for you to help me in Item No. 1 to change the multiplication to an addendum  .. With an unlimited number of deals.. I will be very grateful to you.. If this is done, please send a copy to my next mail to try. 

 hadidawi467@gmail.com
 

Hi  ManiABLS,

what do you really think, is this EA is working only in MT4 or just in MT5? 

Is there any function or detail you know, just specialised for MT5?

I do not know the diffenerences.

It would be nice to have your opinion before I triy it maybe in MT4.

Thanks.

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