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Martingale Expert Advisor

Demo downloaded: 157

Published: 13 August 2020

Current version: 2.3

Martingale Expert Advisor

Experts
HITESH ARORA
HITESH ARORA
India

1491
5 (2)
21 products 1 signal 1 topic 1 comment
Version: 2.3
Activations: 5

Martingale EA is a multicurrency Expert Advisor using martingale or grid technique to trade the market.

Trading strategy:

Manual Entry + Automated Trade Management

Manual Entry: User can input the starting trade type in the EA based on their analysis. The EA has no intelligence of its own to decide the entry trade type. Intelligence can be added in the EA upon request.

Automated Trade Management: It manages the trade using martingale or grid technique.

After you attached the EA to a chart it will show the following information on the chart:

Starting lot size
Status of New iteration or Single iteration
Lot size information
Gapping information
Profit booking information
EA start and end times
Currently opened trade information

Indicator Settings:

Main Setting

Start Trade Type: First trade type (Buy or Sell)

Buy Trade: Open buy trade, run martingale in buy direction.
Sell Trade: Open sell trade, run martingale in sell direction.
Buy Limit: When reach Pending Open Price, start martingale in buy direction.
Sell Limit: When reach Pending Open Price, start martingale in sell direction.
Buy Stop: When reach Pending Open Price, start martingale in buy direction.
Sell Stop: When reach Pending Open Price, start martingale in sell direction.

Pending Open Price: Open price for limit and stop pending orders.
New Iteration: One Iteration means average closing all running trades. If true, after closing all trades it will restart again from the First trade type.
Single Iteration: Run EA only for one iteration.
Maximum Number of Trades: This setting helps to put the cap on the number of trades opened by the martingale.

Lot Setting

Trade Lot Size Type: It tells how to calculate the next trade lot size

Fixed Lot: It will take same lot size for all the trades
Incremental Lot: It will add the Lot Incremental to the current lot to determine the next lot size.
Multiplier Lot: It will multiply Lot Multiplier to the current lot to determine the next lot size

Starting Lot: First trade lot size
Lot Multiplier: Multiply this by the last trade lot size to find the next trade lot size
Lot Incremental: Add this to the last trade lot size to find the next trade lot size
Repeat Lot Size: For how many trades repeat the lot size

Gap Setting

Time Gap (in Minutes): Minimum time difference between 2 trades (it saves us when market jump many pips in very short duration at the time of fundamental).
Gap Type: It represents the gap between 2 consecutive trades.

Fixed Gap: It means every consecutive trade has the same pip gap in between them.
Additive Gap: It means that the next trade gap is determined by adding Gap Add to the last gap used.

Gap: Gap in points in continuous trades
Gap Add: In case of Additive, extra gap addition in continuous trades
Gap Add After: In case of Additive, start adding extra gap after this number of trades.
Maximum Gap: In case of Additive, maximum gap size. If a gap is more, this value is used.

Profit Setting

Profit Book Type: Points, Currency or Both
Profit in Points from BE: Profit in points from Breakeven
Set hard TP for Points: Enable to set TP for the trades
Profit in Currency: Profit in account currency
Loss in Currency: Loss in account currency
Stop-out Level: When equity reached to this level, all the trades are closed and EA is disabled to open any new trade
Hard SL: SL for the trades, it is calculated from the first trade in martingale

Trading Time Setting

EA Stop Time: Enable the stop time for the EA
Stop Time: If EA Stop Time is enabled, EA will not run any more iteration after this time
Monday Off: No new iteration on Monday
Friday Off: No new iteration on Friday
Daily Time Range: To enable the daily
Start Time Hr: For Daily Time Range, start time hour
Start Time Min: For Daily Time Range, start time minute
End Time Hr: For Daily Time Range, end time hour
End Time Min: For Daily Time Range, end time minute

Other Setting

Magic Number: Magic number used in trade
Comment: Comment on each trade

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Continuous Bars indicator is used to track the continuous bars closed in one direction. For example : Continuous Bars = 3 (we are looking for 3 continuous bars) Now, if (Open > Close) or (Close > Open) for 3 continuous bars it is notified via email or alert. You can hide all the information displayed in the chart by setting false to Show On Chart . Indicator Settings: Main Setting Bars : Number of continuous bars we are looking Price Setting Use M1 Timeframe: Look for continuous bars in M1 ti

39 USD

Contact us for any custom order, CodeYourTrade.com . Currency Sessions Highlight indicator is used to highlight the sessions. The maximum number of sessions visible at a time is 3. A user has to input the input the start and end time of the session in the format HH:MM. You can hide all the information displayed in the chart by setting false to Show On Chart . Indicator Settings: Main Setting Show Session 1 : Draw Session 1 on chart or not Session 1 Start : Start time of the session 1 Sessi

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Contact us for any custom order, CodeYourTrade.com . Keltner Channels are volatility-based envelopes. Moving average dictates direction and the ATR sets the channel width. It’s a trend following indicator used to identify reversals. Channels can also be used to identify overbought and oversold levels when the trend is flat. Trading Strategy We have created 2 zones SELL ZONE and BUY ZONE using the Keltner channels. In SELL ZONE (upper) we take only sell orders and in BUY ZONE (lower) we take

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Contact us for any custom order, CodeYourTrade.com . The MACD Histogram measures the distance between the MACD line and the MACD signal line. Two important terms are derived from the MACD histogram are: · Convergence : The MACD histogram is shrinking in height. This occurs because there is a change in direction or a slowdown in the trend. When that occurs, the MACD line is getting closer to the MACD signal line. · Divergence : The MACD histogram is increasing in height (eith

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Contact us for any custom order, CodeYourTrade.com . Multiple Moving Average (MA) indicator is used to find the direction of the trend using multiple Moving Average indicators. It calculates using the following rules: · Ask < MA, it is SELL · Bid > MA, it is BUY · Ask > MA > Bid, it is None (no signal) After you attached the indicator to a chart it will show the following information on the chart: Multiple MAs arranged by their method Buy and Sell count Summary: Con

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Contact us for any custom order, CodeYourTrade.com . This indicator is used to calculate the pivot points using 5 different methods: Classic Fibonacci Camarilla Woodie DeMark After you attached the indicator to a chart it will show the following information on the chart: Pivot points levels of the current chart using different methods. Indicator Setting Pivot Point Calculator Show Pivot Point Calculator: Show all pivot points on chart Pivot Points Timeframe: It tells which time is used to cal

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Contact us for any custom order, CodeYourTrade.com . The Stochastic RSI indicator is essentially an indicator of an indicator. It is used in technical analysis to provide a stochastic calculation to the RSI indicator. This means that it is a measure of RSI relative to its own high/low range over a user-defined period of time. This indicator is primarily used for identifying overbought and oversold conditions. You can hide all the information displayed in the chart by setting false to Show

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Spread & Swap Indicator is used to check the spread and swap for the current pair. You can hide all the information displayed in the chart by setting false to Show On Chart . Indicator Settings: Main Setting Display Spread : Shows the spread of the current pair. Display Swap (per lot) : Show the swap charges per lot for the current pair. Display Setting Display : Shows the indicator information on chart Location : Location of the display window Top-Left : Display all the details in top-left p

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With the Technical Analysis indicator, you can find the trading signals using the combination of different technical indicators. It supports the following technical indicators: 1. RSI 2. Stochastic 3. Stochastic RSI 4. MACD 5. ADX 6. CCI 7. ATR 8. Ultimate Oscillator 9. ROC 10. Bull/Bear Power After you attached the indicator to a chart it will show the following information on the chart: 1. Technical indicators, their values and the signal generated fro

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Contact us for any custom order, CodeYourTrade.com . With the Technical Indicator Multi-Timeframe, you can easily identify the oversold/overbought levels or buy/sell levels points on several different timeframes by using only one chart. You can confirm Short Term trades by higher timeframe Levels. It supports 4 technical indicators as of now Stochastic, RSI, Parabolic SAR & Heiken Ashi. After you attached the indicator to a chart it will show the following information on the chart: Timeframe:

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Contact us for any custom order, CodeYourTrade.com . Trade Notifier indicator is used to notify opening or closing of the trades via email or alert. It can also send regular trade updates via email. After you attached the Indicator to a chart, it will show the following information on the chart: 1. Alert information 2. Email information 3. Details to include in email body You can hide all the information displayed in the chart by setting false to Display . Indicator Settings Al

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Contact us for any custom order, CodeYourTrade.com . Trend Direction indicator finds the direction of the trend using 2 indicators ADX and Parabolic SAR. Change the color of the Sell and Buy strength from the Colors tab in indicator settings. After you attached the indicator to a chart it will show the following information on the chart: 1. Parabolic SAR: Input values of Parabolic SAR Indicator 2. ADX: Input values of ADX Indicator 3. Trend Strength: Direction of the trend

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Contact us for any custom order, CodeYourTrade.com . Timed Close EA is used to close all the trades automatically at your specific time. You can set the EA using any of the 3 options: 1. OneTime: In this option EA will run only once. Execute at that date-time and stops. 2. Weekly: In this option EA will run at specific day-time every week. For example if you wanted to close all the trades before market close at Friday, you can use this option. 3. Daily: In this option EA will run da

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Contact us for any custom order, CodeYourTrade.com . The main use of Straddle EA is to trade at the major fundamental news events. It opens 2 pending orders Buy Stop and Sell Stop to capture the market single direction movements at the time of news. The EA will run from "News Time – Seconds before News Time" to "Expiration Time". These are the sequence of states in the EA: Waiting : Before "News Time – Seconds before News Time". The EA is waiting to start. Passed : The EA started and trade ex

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Contact us for any custom order, CodeYourTrade.com . Profit and Loss Manager EA is to close the running or pending trades when reached to a specified profit or loss. EA works fully on virtual mode i.e. no hard Stop Loss or Take profit set. You can run the EA in any of the 3 modes: 1. Per Trade : In this mode, actions are applied to all the trades separately. Rules are applied on a single trade separated, it’s profits/loss not combined with any other trades. 2. Per Pair : In this mode

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Contact us for any custom order, CodeYourTrade.com . Partial Close EA is used to partially close running trades. EA has an option to filter out the trades and works only on specific trades. Following are the filters for the EA: 1. Magic Number: Have an option to works on all orders with the given magic number 2. Order Number: Can work specifically on the single order with the given order number 3. Chart: Can work for all the trades of the current attached chart Example : Let’s say

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Contact us for any custom order, CodeYourTrade.com . Brent Wti spread indicator shows the difference of Brent and Wti value. Trading Strategy: Identify the range of spread movement. To buy the difference execute these 2 trades “Buy BRENT and Sell WTI” To sell the difference execute these 2 trades “Sell WTI and Buy BRENT” Indicator Settings: Main Setting Indicator Maximum : Maximum level to show in indicator Indicator Minimum : Minimum level to show in indicator Brent Symbol Name : Symbol na

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