Expert Advisor for managing trades

MQL4 Experts

Specification

Expert Advisor is given Entry, SL and TP, creates first trade that is 1% of account with 50% of SL given.

If gets to SL, opens martingale position with 1.5% of account with the resting 50% SL towards the first SL given.


Example:

Entry 1,0000

SL 0.9900 100 pips (first 50% SL would be 0.9950 50 pips, and entry of second trade with SL 0.9900)

TP 1,0100


If gets to 0.9950 50 pips first position closes (-1%) SL open Martingale 1.5% with 50 pips SL. Both lossing trades would be -2.5% and 100 pips in this example.


If martingale trade wins, we have a trade 1:3 ratio with 1.5% entry in this 1:1 example. (+4.5%)


TOTAL = -1 + 4.5% = +3.5% IN 2.5% INVESTMENT 1:1 TRADE


This tool can get better entry price in any given trade opening a martingale position at 50% SL given.



Image shows example on real trade i take, hope you can understand it.

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