Simple Hedging / Martingale Expert Advisor for MetaTrader 5

MQL5 Experts

Specification


I need a simple hedging/martingale style Expert Advisor for MetaTrader 5 that works on any symbol and any timeframe.

Required Features:

**Core Logic:**
- Start with an initial lot size
- Open a hedge trade when price moves against the current position by a set distance
- Use a first hedge lot multiplier for the first hedge
- Use a different lot multiplier for all subsequent levels
- Increase the hedge distance by a fixed extra distance on every new level
- Close the entire cycle (all open trades) when a basket take-profit in points is reached
- Ability to start a new cycle after the previous one is closed

**Trade Settings:**
- Magic number
- Order comment
- Slippage control
- Maximum spread filter (can be disabled)
- Option to allow or block new cycles

**Safety:**
- Option to close all trades and stop the EA if drawdown reaches a certain percentage of the account balance (can be disabled)

Requirements:
- Clean, well-commented MQL5 source code
- Source code (.mq5) must be provided
- No external DLLs or indicators
- Must work on both demo and real accounts
- Simple and stable logic only

Please confirm you understand the logic before applying.

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Project information

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