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Advanced Easy Martingale

Advanced Easy Martingale

An easy to use martingale EA with advanced parameters and well designed handles to manage and reduce risk


Key info

  • Works on any pair (1 Hr Chart recommended)
  • Users can consider starting with EURJPY, GBPUSD, and GBPJPY
  • Recommended capital: $4k - $5k per chart, based on starting lot size of 0.01 
  • Two sample set files can be found here: (higher risk: download; lower risk: download)
  • Use it only at your own risk, use capital you can afford to lose


Key features

  • Extremely lean code and very fast strategy testing
  • Unique and well programmed parameters designed to mitigate risk based on the user's preference
  • Optional Stop Loss parameter allows users to turn the martingale recovery method off:
    • you'll be surprised at the lack of a stop loss function on most martingale EAs
    • to do that, ensure that the "Stop Loss" input parameter has a value that is lower than the "Point Step" input parameter

Comparison with traditional martingales

  • Traditional martingale methods double down very quickly resulting in huge drawdowns and margin calls very quickly
  • The Advanced Easy Martingale has parameters which are designed to allow slower and controlled martingale trades, such as the following (with more details in the INPUT PARAMETERS section below)
    • Lot Exponent -------------------------------------------allows you to slow the increasing lot size to the desired rate
    • TP Multiplier (or de-multiplier) ---------------------allows you to reduce the TP as the number of trades increase
    • Point Step Multiplier ----------------------------------allows you to increase the distance between each trade as the number of trades increase, thus reducing the frequency of trades
    • Stop loss ------------------------------------------------as the name suggest, allows you to set a hard stop loss
    • "Open subsequent trades only on new candle" ---this restricts the opening recovery martingale trades only when a new candle is formed
    • "Close before this trade" -----------------------------this tells the bot to close the set of buy/sell trades before it reaches this number of buy/sell trades
    • "Close at drawdown percentage" -------------------this tells to bot to close the set of buy/sell trades when drawdown reaches a certain percent of total equity

INPUT PARAMETERS

Trade Settings
    •  Lots - The lot size of the first trade. If input is less than 0.01, it will be rounded to 0.01 which is the smallest lot tradable with most brokers
    •  Lot Exponent - The rate at which the lot size increases
    •  Lot Exponent Multiplier - The rate at which the Lot Exponent increases
    •  Take Profit - Amount of profit (in points) that has to be earned (per mini-lot) before the trade closes. 
    •  TP Multiplier - The rate at which the 'Take Profit' level changes (this should preferably be less than 1.)
    •  Point Step - The minimum distance (in points) before the next trade is allowed to be placed
    •  Point Step Multiplier - The rate at which the Point Step increases

Risk Management 
    •  Stop Loss - The amount of loss (in points) that has to be incurred before the trade closes. An input of zero nullifies this input.  
        - (To turn the martingale recovery method off, ensure that the "Stop Loss" input parameter has a value that is lower than the "Point Step" input parameter)
    •  Max Open Orders - Maximum open orders allowed, after which, the EA will not open new orders
    •  Open Subsequent trades on new candle - If set to true, all recovery (average-down) trades can only open at the start of a new candle
    •  Open only if current price is worse off than previous trade - If set to true, all recovery (average-down) trades can only open if all the trades in the set are in a loss

Sell/Buy Settings
    •  Sell/Buy active - this allows you to individually turn on/off either or bothof the 2 inbuilt scalpers.
    •  Close at this before this trade - if number is more than zero, all trades in that set will close before it reaches this number of trades (i.e. trades in that set will never reach that number of trades
    •  Close on drawdown percentage -  all trades in that set will close once drawdown reaches this percentage of equity. Set it to 100% or higher if you don't want to use this feature.
    •  Text - The text that will show up in the trades opened by this in-built scalper
    •  Magic index number - Identification number for the trades placed by this  in-built scalper. Any random number will do.




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NightVision EA  - is an automated Expert Advisor that uses night scalping trading during the closing of the American trading session. The EA uses a number of unique author's developments that have been successfully tested on real trading accounts. The EA can be used on most of the available trading instruments and is characterized by a small number of settings and easy installation. Live signal for NightVision EA:    https://www.mql5.com/ru/signals/author/dvrk78 Recommended FX broker :  IC Marke
489 USD
Naragot Portfolio
Alexander Mordashov
3.9 (20)
One-time flash SALE promo: only 10 copies available at $449! 4 copies left out of 10 at $449 Next price --> $499, after the sale price will return to its normal value ($599) This EA is a professional portfolio of trend-following multicurrency trading systems based on principles of volatility breakout and breakouts of support/resistance levels. Consists of 7 strategies chosen from a pool of many other which I trade myself for a long time on real accounts with significant money on them MT5 vers
449 USD
3/10 Copy Left For Lunch Price ,We Will Offer For $2250 after Promo Copies Finish, Thanks! DMF AI EA ROBOT MINI FOR FTMO AND OTHER PROP FIRMS There's no wrong calling a profit machine to the Market, make the most out of prop firms! This is not a new product in the market but a unique Version created separately to reduce cost. This Robot was built to work conveniently with Censored accounts monitoring for Best Risk Management Trading with Daily maximum loss and daily maximum profit this is
1 300 USD
Tioga MT4
Ozkan Kara
Price: 495 USD            This price is for only 3 first buyers ! Next Price: 795 USD     TIOGA is a fully automated   Night Scalper.   It works good on all major currency pairs.  Main strategy is using mean reversion on end of US season. The system focuses only Small and Steady Profits. The EA does not use grid, martingale, averaging or other dangerous strategies.   It uses fixed stoploss for every position. I will always help you, please contact me ! Live Signal   >>>  https://www.mql5.com/
495 USD
AW Recovery EA
Alexander Nechaev
4.65 (31)
The Expert Advisor is a system designed to restore unprofitable positions. Simple setup, delayed launch in case of drawdown, locking, disabling other Expert Advisors, averaging with trend filtering and partial closing of a losing position are built into one instrument. The system of automatic calculations will allow you to prepare settings in a few clicks. The use of closing losses in parts allows you to reduce losses with a smaller load of the deposit, which ensures safer work with losses, in
145 USD
More from author
A reversed engineered and improved version of the extremely popular AFSID scalper ( afs-id.com ).  Includes re-modeled versions of these 2 well received scalping programs: " AF-Fibo ", and " AF-TrendKiller".  Take note that this is a high risk scalper Though improvements have been made to mitigate some of the risks, the risks inherent to martingale scalpers still exists, so use it at your own risk. afsida Scalper  (improved AFSID) This is a simple martingale scalper which works on any pair
FREE
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Algotradingzone
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Algotradingzone 2021.11.05 19:24 
 

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