Hedging Martingale MT4 Lite
Grid system that use hedging and averaging techniques combined with martingale lot.
1. Open Position Mode
StartWithSell : Expert will always open short position.
StartWithBuy : Expert will always open long positions.
StartWithHilo : Hilo means High and low of the time frame of 1 hour / day / week / month
StartWithBuySell : Expert will always open buy and sell positions at the same time.
2. True = Limit order, False = Stop order : Only applies to StartWithHilo.
3. Hilo timeframe : Only applies to StartWithHilo.
4. Minimum Range to Start Pending Order : Range High and Low.
5. Range size of pending orders (in pips) : Distance of pending orders from current prices, pending orders use adaptive trendline
6. Range size to move pending orders (in pips) : Trendline will move to the latest prices according to the number of sizes entered.
7. Lot Type : Fix, Martingale 1-3, Mix 3 lot
Mix lot is a merging of martingale lot with anti-martingale lot.
8. Start Lot : Initial lot
9. Multiplier for Martingale 3 : lot multiplier
10. Maximal Lots: maximum lots allowed.
11. Maxtrade : maximum trades allowed
12. Recovery Mode
There are 5 recovery techniques that can be choose from:
Martingale Averaging Hedging
13. Step (in pips) : distance between orders
14. Expanding Step Coefficient : The coefficient for the distance addition of the next open position
15. Minimum profit for close all $ : Minimum profit to close all positions
16. Cut loss if loss $ : Expert will close all positions when the cutloss target is reached.
17. Trailling : trailling base on money
18. Use Auto Close Partial, in money: drawdown reduction algorithm , in money
19. Number of trade to activate partial close : Number of open positions to start applying partial close.
20. Percentage profit to close partial $: Minimum profit amount to do partial close, in money.
21. Use Auto Close Partial, in percentage : drawdown reduction algorithm , in percentage
22. Number of trade to activate partial close : Number of open positions to start applying partial close.
23. Percentage profit to close partial %: Minimum profit amount to do partial close, in percentage.
24. Time control : when will start to open position and when will stop taking position. Timing uses server time.
25. Close all positions at the End of Session: Expert will close all positions after today's session ends
26. Max Spread (in Pips) : maximum spreads allowed .
27. Coefficient (if Freeze=0 Or StopsLevels=0) : Multiplier coefficient when freezelevel / stoplevel = 0
28. Magic Number : fill in different numbers if you are going to trade the same pairs in 1 MT4 terminal.
29. Continue new cycle management, you can set the time so that the expert stops new cycle at the specified hour and only manages positions that are still open. For example: There is High impact news or an intersection between the European session and the US session that you want to avoid. Timing uses local time or vps time.
It is highly recommended to activate this feature when entering the UK session and the intersection of merging UK, European and US sessions when using aggressive sets.
- Use vps with a good internet connection for the bot to run 24 hours.
- Make sure to always check the ping server speed in the MT4 journal tab.
Poor internet connection prevents the expert from working properly.
- At the start of trading day, always restart MT4 to avoid accumulation of downloaded data on the MT4 terminal.
- Always use the cutloss by money feature, we don't know what will happen in the future.
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+ Added recovery mode : Lite 3
+ added recovery mode : Lite 2
+ Added continue new cycle management, you can set the time so that the expert stops new cycle at the specified hour and only manages positions that are still open. For example: There is High impact news or an intersection between the European session and the US session that you want to avoid. Timing uses local time or vps time.
+ update code for close partial by percentage
+ Added Freezelevel coefficient, if freezelevel / stoplevel = 0, it will be adjusted based on the coefficient specified. Suggested coefficients: 3
+ added Close all positions at the End of Session
+ Added Continue new cycle: if true, bot only Manage Existing Open Position
+ Added 2 new options Drawdown Reduction algorithm, Close partial by profit percentage: Percent 1 & 2