MartexPO

MartexPO is a moderately aggressive advisor working on a martingale strategy and with the ability to hedge unprofitable positions. Uses pending orders for opening the first order and for hedging. With an asymmetric "lock" - the MartexPO EA is able to independently exit the "lock" with a profit. The MartexPO EA can average orders manually opened by a trader and orders opened by another EA. The EA will be of interest to both beginners and experienced traders.

Benefits

• works without indicators;
• to determine the direction of the first order, you can use Auto Trend;
• uses pending orders to open the first order and for hedging orders;
• automatic magic number, individual for each currency pair;
• virtual take profit, which can be moved manually;
• dynamic step between martingale orders;
• reducing the martingale multiplier to 1, with an increase in risk;
• breakeven for single orders and common for orders of one direction;
• trailing stop for single orders and common for orders of one direction;
• control over the use of Free margin, in case of excess - stop trading;
• closing orders by drawdown percentage;
• closing orders under a fixed profit plan;
• closing all positions on Equity;
• partial and full locking of loss positions (lock);
• automatic exit from the "lock" with the closing of all positions;
• limit on the number of open orders by martingale;
• restriction on the total lot size of all open orders of one direction;
• trade by time;
• position management using "hot" buttons;
• works on accounts with quotes of 4 and 5 decimal places.

Parameters

Block 1. GENERAL SETTINGS

• Trading - permission to open new orders.
• Magic Number (0-automat) - the EA generates the magic number automatically.
• Positions: - choice of direction of trade.
• Working timeframe: - orders will be opened on the signals of this timeframe.
• Initial lot in the series
• Take Profit
• Update the take profit level - update the take profit level when opening new orders.
• Virtual take profit
• Stop Loss
• Total stop loss - a common, single stop loss level for several orders at once.
• Breakeven mode: - breakeven mode selection (normal or general).
• Profit to enable a breakeven
• Breakeven level
• Slippage

Block 2. MARTINGALE PARAMETRS

Block 3. RISK MANAGEMENT

Block 4. HEDGING

Block 5. AUTO TREND

Block 6. TRAILING STOP

Block 7. TRADE BY TIME

Block 8. OTHER SETTINGS