Scalping Entry Grid Martingale Recovery
- Experts
- Version: 3.9
Core Concept
This Expert Advisor is a sophisticated, fully automated trading tool that combines a high-precision scalping strategy for initial entries with a robust Grid Martingale system for trade management and recovery. It is designed to find specific, high-probability setups on the M1 timeframe and then manage the trade to a collective profit target, even if the initial market direction is unfavorable.
How It Works
USE TIME FRAME 1 M
The EA's logic is divided into two distinct phases:
Phase 1: Precision Entry (Scalping Strategy)
The EA does not trade constantly. It patiently waits for a specific setup based on a confluence of technical factors:
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Trend Filter
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Momentum & Order Block
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Pullback & Rejection
Phase 2: Automated Recovery (Grid Martingale System)
If the initial trade moves into a floating loss beyond a user-defined threshold (in USD), the recovery mechanism activates.
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The EA will automatically open subsequent trades in the same direction, creating a grid of positions.
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The lot size of these recovery trades can be increased using a Martingale multiplier, which helps to lower the average entry price of the entire basket of trades.
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This process continues until the collective profit of all open positions reaches the specified overall profit target, at which point the EA closes the entire cycle.
Key Features
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Hybrid Trading Logic
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Fully Customizable Grid & Martingale
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Directional Control: Independently enable or disable BUY or SELL trading to align with your market analysis.
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Advanced Profit Management:
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Set an overall profit target in your account currency to close all trades in a cycle.
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Includes an optional Profit Skimming feature to close out only the profitable trades from a basket, securing partial profits while leaving losing trades open for recovery.
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Comprehensive Risk Controls: Protect your account with a hard limit on the maximum number of open orders and a global equity stop loss based on a percentage of your initial balance.
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Secure Licensing: Features a hard-coded, non-editable expiration date for secure and controlled distribution.
Best For
This EA is suitable for experienced traders who understand the high risks associated with Martingale strategies but want to improve upon traditional grid bots by using a much more selective and intelligent entry signal. It aims to reduce the potential length and depth of drawdowns by initiating the grid from a high-probability price level.
Disclaimer
WARNING: Martingale and grid strategies are inherently high-risk and can lead to rapid and significant losses, including the potential loss of your entire account balance. Past performance is not indicative of future results. It is crucial to perform extensive backtesting and run this EA on a demo account to fully understand its behavior and find settings that match your risk tolerance before using it on a live account.
