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A Simple Martingale and Hedging EA

MQL4 Experts Trading robot/indicator debugging

Job finished

Execution time 27 days
Feedback from customer
The developer is patient and always seeks to improve on complaints.I was happy working with him

Specification


This EA is based on the martingale strategy and also employs a bit of hedging. The EA will open a buy trade based on when a bullish candle closes and open a sell trade if the candle bar closes in the opposite direction.

When price goes against the direction of trade, the EA uses the chosen lotsize multiplier/addition rule to increase the lotsize and adjust the take profit accordingly.

Also when the EA closes a trade without going into drawdown, the next trade is opened with the next lotsize in the series rather than the original starting lotsize.

A good knowledge of how to build a martingale system is required for this job, especially how to calculate the take profit and adjust it accordingly.  Please only those who understand this strategy should apply.

More details and specifications will be provided. 

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Project information

Budget
30 - 50 USD
Deadline
to 2 day(s)