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MA VI Martingale

MA VI Martingale is an Expert Advisor from the series 'Trade systems with increasing volume of position'. Here you can find a short description of it. For more information on how to use this Expert Advisor please visit my blog TRADING WAY.

This EA version includes an option for moving the protective Stop Loss to the breakeven level. You an also enable the Martingale type position volume control position, i.e. if a trade is losing, the next one is opened with the volume of the loss trade multiplied by the factor specified in external parameters.

The EA can be used for semiautomatic trading. You can open a position manually and let the EA maintain it. Since martingale based trading can be dangerous, you can close the position manually when the current profit is more than past losses.

The standard Moving Average indicator is used for generating signals. Signals for opening and modifying positions are produced according to formed bars of the current timeframe.


The list of Expert Advisor parameters:

  • Magic Number – magic number.
  • Deviation – slippage.
  • Indicator Period – period of the Moving Average indicator.
  • Indicator Segments – value of this parameter means the number of bars where the Moving Average indicators grows/falls continuously. A value from 1 to 5 inclusive can be set. If a value falls out this range (1-5), the Expert Advisor will correct it.
  • Take Profit – distance in points from an entry point to the level of fixing a profit. If you set a zero value, the level of fixing a profit will not be set.
  • Stop Loss – distance in points from an entry point to the protection level. If you set a zero value, the protection level will not be set.
  • Trailing Stop – step in points used for modification of the protection level in the profitable direction. The level is calculated using maximums (High) for Sell positions and minimums (Low) for Buy positions. If you set a zero value, modification of the protection level will not be performed.
  • Reverse – in this parameter, one can specify if positions will be reversed in case an opposite signal appears.
  • Break Even Stop Loss - distance in points that a price should pass to set the Stop Loss to breakeven. A value of zero disables this feature.
  • Break Even Offset - a distance in points at which Stop Loss will be placed in the breakeven level relative to the current position price.
  • Lot – position volume.
  • Martingale Coefficient - if a position is losing, the next one will be opened with a volume multiplied by this coefficient. If the value is less than or equal to 1, then the position volume is equal to that specified in the Lot parameter.
  • Volume Increase – the amount to increase the position volume by in case the condition is true. If you set a zero value, the volume will not be increased.
  • Volume Increase Step – distance from the last deal in points the price should pass before the condition for increasing the volume is considered true.
  • Initial Deposit - in this parameter, one should specify a value of the deposit starting from which the volume for positions will be calculated dynamically. This allows the EA increasing the profit faster. Zero value disabled the dynamic lot.
  • Maximum Lot Size - here one should specify the maximum value for positions opened. Probably, once you reach a certain size of the deposit it is better stop calculating the lot proportionally. Some traders use this tactics for aggressive increasing of deposit starting with a small amount of money, but then switching to a more conservative trading keeping the risk a low level.


Conditions:

A signal to open a position is true if the following conditions are fulfilled:

For a BUY position:

  • Growth of the Moving Average indicator last for the number of bars indicated in Indicator Segments. On the picture below you can see the case when indicator should grow for three bars in order to open a position.
  • If a position is opened, the model of increasing the volume starts its operation in the Expert Advisor. The volume is increased if the price goes in the profitable direction and reaches the level, which is calculated for Buy positions as the last deal price plus the number of points indicated in Volume Increase Step.
For a SELL position:
  • The Moving Average indicator falls for the number of bars indicated in Indicator Segments. On the picture below you can see the case when indicator should fall for three bars in order to open a position.
  • If a position is opened, the model of increasing the volume starts its operation in the Expert Advisor. The volume is increased if the price goes in the profitable direction and reaches the level, which is calculated for SELL positions as the last deal price minus the number of points indicated in Volume Increase Step.


Additional parameters and features:

The Expert Advisor additional parameters:

  • On/Off Info Panel – enables/disables the informational and trading panel in the right part of the chart.
  • Setting "On The Fly" – enables/disables the possibility to adjust parameters using the informational and trading panel.

Several Expert Advisors from this series can be attached to different charts (symbols) without causing any conflicts in their operation.

Find below one of the MA VI Martingale testing results. You can also use a custom optimization criterion (Custom max), I will not disclose its formula here.

You can have the same result on the H1 timeframe, EURUSD with the default settings.
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版本 2.0 - 2014.06.20
Added two input parameters to extend the money management capabilities:

- Initial Deposit - in this parameter, one should specify a value of the deposit starting from which the volume for positions will be calculated dynamically. This allows the EA increasing the profit faster. Zero value disabled the dynamic lot.
- Maximum Lot Size - here one should specify the maximum value for positions opened. Probably, once you reach a certain size of the deposit it is better stop calculating the lot proportionally. Some traders use this tactics for aggressive increasing of deposit starting with a small amount of money, but then switching to a more conservative trading keeping the risk a low level.