Mani

Title:
MT5 Martingale EA (Based on Stop Loss of Previous Trade)

Description:
Hello, I need a simple and efficient MT5 Expert Advisor based on a martingale logic.

Main Logic:

• The EA should work with trades placed manually or by another EA (including limit orders).

• When a trade hits Stop Loss, the EA must automatically open a new trade in the same direction.

• The lot size of the new trade should be multiplied (Martingale system).

  • Example: 0.01 → 0.02 → 0.04 → 0.08, etc.

• This process should continue until a trade hits Take Profit.

• Once Take Profit is hit, the EA should stop placing new trades (reset cycle).

Entry Type:

• Orders may be Market or Pending (Limit orders).

• EA must follow the same order type and direction as the previous trade.

Inputs (Customizable):

• Initial Lot Size (e.g., 0.01)

• Multiplier (e.g., 2x, 1.5x)

• Stop Loss (points) – user defined

• Take Profit (points) – user defined

Important Conditions:

• EA should only react to trades (manual or other EA) and not analyze the market.

• No indicators required.

• No news filter required.

• No time restriction required.

• Must be lightweight and fast.

Additional Requirements:

• Should work smoothly on MT5 (hedging account).

• Clean code and no bugs.

• Provide source file (.mq5).

Budget:
Looking for a simple and cost-effective solution.