If you're on the hunt for a reliable trading assistant, look no further than the Martingale VI Hybrid. This Expert Advisor (EA) comes in five different versions, each designed to enter trades based on two crucial Moving Averages.
The beauty of this EA lies in its Martingale strategy: if the market moves against your trade after a set number of pips, it automatically opens another trade in the same direction. This cycle continues until you lock in a profit. It's a clever way to manage your trades!
Key Features of Martingale VI Hybrid
- Start with a demo account to get a feel for it.
- This EA only executes trades at the open of a new candle, minimizing risk.
- By trading solely with new candles, it reduces the chance of overlapping trades, making it a safer option.
- Compatible with all currency pairs and timeframes, though the daily timeframe is the sweet spot.
- Begin with a 0.01 lot size.
- Version 2 includes a trailing stop loss feature.
- Version 3 utilizes a unique method for calculating lot sizes.
- Version 4 introduces an Equity Stop option.
- Version 5 allows for lot size adjustments or multiplications.
Variable Settings to Customize Your EA
- Use_TP_In_Money: Enable Take Profit in monetary terms (true/false).
- TP_In_Money: Set Take Profit in monetary values (10-100).
- Use_TP_In_percent: Enable Take Profit in percentage (true/false).
- TP_In_Percent: Set Take Profit in percentage (10-100).
- ------------[Money Trailing Stop For Multiple Trades]----------------------
- Enable_Trailing: Activate trailing with money (true/false).
- Take Profit In Money: Set your take profit in current currency (25-200).
- Stop Loss In Money: Define your stop loss in current currency (1-20).
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- TakeProfit: TP value for each trade in this Martingale EA (10-60).
- PipStep: Distance in pips to open a new trade (10-50).
- Lots: Initial lot size, which will double with each step (0.01-1).
- Multiply: Multiplier for each new trade (2-4).
- MaxTrade: Set the maximum number of trades allowed (2-10).
- FASTMA: Fast Moving Average value (1-20).
- SLOWMA: Slow Moving Average value (50-200).
- CLOSEMAXORDERS: Close all orders if the maximum order limit is exceeded.
- MagicNumber: Assign a magic number (1-100000).
- TrailingStop: Set a value from 10 to 100 to activate trailing stop loss & take profit; “0” disables this feature.
Be sure to optimize your EA every few months using the same settings mentioned above.
For tips on how to backtest, check out this guide.
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