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Advanced Easy Martingale

FREE

Published: 5 November 2021

Current version: 1.0

Advanced Easy Martingale

Experts
Teng Qi Sheng Joshua
Teng Qi Sheng Joshua
Singapore

4462
4.8 (5)
5 products 1 signal
Version: 1.0

Advanced Easy Martingale

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

- Buy & Sell martingale

- 2 way martingale

- little martingale

Key info

Works on any pair (recommend 1 Hr Chart)
Consider starting with EURJPY, GBPUSD, and GBPJPY
Recommended capital: $4k - $5k per chart, based on starting lot size of 0.01
Sample set files (higher risk: download; lower risk: download)
Use it 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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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 (1

FREE

Parabolic SAR extreme When the Parabolic SAR value indicates an uptrend or downtrend, the EA will open a buy or sell trade respectively, given that all other criteria are met This EA allows you to set up to 21 separate Parabolic SAR criteria for the EA to work on There are 3 input parameter sets (SAR1, SAR2, and SAR3) Each set allows you to determine the parameters (such as the step and max step) for each set And within each set, you get to indicate up to 7 timeframe for the EA to operate in

FREE

Advanced Moving Average Example of how the EA works: When the fast moving average line crosses over the slow moving average line, from below it to above it, this implies that the instrument is in an uptrend, hence a potential buy trade might be opened This EA allows you to set up to 21 separate moving average cross over criteria: There are 3 Moving Average Crossover input parameter sets Each set allows you to set the bars used for the Fast and Slow moving average line And it also allows you to

FREE

This is a simple Bollinger Band EA This works by activating a trade whenever the input parameters are met, including the Bollinger Band parameters The Bollinger Band Parameters determines when a buy or sell trade is opened: If the price is outside the lower bounds of the activated bollinger bands, a buy trade is opened (given that all other criteria are met) If the price is outside the upper bounds of the activated bollinger bands, a selltrade is opened (given that all other criteria are met) K

FREE

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Advanced Easy Martingale

Teng Qi Sheng Joshua

Advanced Easy Martingale

Key info

Key features

Comparison with traditional martingales

INPUT PARAMETERS