This is an EA based on the martingale double down strategy. It is Martingale EA that offers the best qualities. It is programmed with three different entry and exit techniques. The first one follows trend taking 20 pips of profit on every trade, while the second one manages risk by hedging or doubling down on losing trades, and the third is meant to help the EA recover from any major loss. The third has a take profit between 30 and 50 depending on the strength of the signal. It bases its entry on moving average trend following technique. It handles high impact news releases well but not major changes in trend.
It is important for user to close losing trades manually when the drawdown becomes unacceptable as a result of the martingale technique, or a user can stop the EA after every 100% gain, withdraw profit and restart the EA after a day or two.
This EA works on EURUSD and GBPUSD. It is a lot more stable with $10 000 deposits or $100 dollar cent accounts. By default, it is set to trading 0.01 lots, and I would recommend performing backtests with all amounts and implement the one you are comfortable with. Besides that, it can also can be run on one $1 000, $10 000, or a cent account with default settings on both pairs at once. It is mostly meant to aid manual traders and increase their profitability.
The golden rule here is to always withdraw every 100% of profit.
The backtest was conducted with two settings: Default and Aggressive.
- Default: the test obtains up to 60% monthly on $1 000 equity, and up to 10% monthly on $10 000 equity. https://www.mql5.com/en/signals/75246
- Aggressive: the test generates up to 20% daily on $1 000 equity but is very risky. It is much more stable with $10 000 equity on default settings. https://www.mql5.com/en/signals/75066
Users can switch between Aggressive and Default settings to increase profitability of trading, but Default is highly recommended.
This EA is more suitable and safer for beginners than my Pro Hedger.
The Default is for $1 000 accounts, and Aggressive is for $10 000. For sets custom to your account size, leave a comment or contact me personally.
The EA price will be increased after 10 copies are sold, SO BUY NOW!