If you're diving into the world of trading with MetaTrader 4, you might want to take a closer look at the ExpMartin EA. This handy tool operates on the Martingale strategy, meaning that when a trade hits the Stop Loss, the next trade flips to the opposite direction, but with a larger lot size. It's a clever way to recover losses, but as always, proceed with caution!
Key Settings to Know:
- Lots: Starts at 0.1 – this is your initial lot size.
- Factor: Set at 2.0 – this determines how much larger the next lot will be if the last trade is closed by Stop Loss.
- Limit: Maxed at 5 – this caps the number of times the strategy can double your lot size.
Keep in mind that both Stop Loss and Take Profit are virtual with this EA:
- StopLoss: 100 – the level where your Stop Loss will trigger.
- TakeProfit: 100 – the target for your Take Profit.
- StartType: 0 – this indicates the type of the starting order for the EA; 0 for BUY and 1 for SELL.
- Magic: 1000 – this is the unique identifier for your Expert Advisor.
Comments 0