Meet Martingale Smart: Your New Trading Ally
Hey there, fellow traders! If you're looking to up your trading game, let me introduce you to the Martingale Smart EA. This expert advisor is designed to adapt your trading strategy on the fly, especially when things don’t go as planned. If you happen to hit a losing trade, don’t sweat it! The Martingale Smart will switch gears and take a new position with a larger lot size to help recover losses.
Key Features of Martingale Smart
- This EA works with all currency pairs and timeframes.
- For optimal performance, the daily timeframe is recommended.
- Start trading with a modest 0.01 lot.
- It only trades based on the opening price of each candle!
- Always test it out on a demo account before going live.
Input Settings
- Use_TP_In_Money: Enable Take Profit in money (true/false).
- TP_In_Money: Set Take Profit in money (10-100).
- Use_TP_In_percent: Enable Take Profit in percent (true/false).
- TP_In_Percent: Set Take Profit in percent (10-100).
- Enable_Trailing: Enable trailing with money (true/false).
- Take Profit in Money: (25-100).
- Stop Loss in Money: (1-20).
- Exit: Close trades if the trend is against you (true/false).
- USEMOVETOBREAKEVEN: Enable "no loss" break-even system (0-1).
- WHENTOMOVETOBE: When to move to break-even (10-100).
- PIPSTOMOVESL: Pips to move stop loss (10-100).
- Multiply: Multiplier for Martingale (2-4).
- Lotsize: Lot size (0.01-10).
- TrailingStop: Set a value from 10 to 100 to activate trailing stop loss & take profit.
- Stop_Loss: Stop Loss pips distance (10-100).
- Take_Profit: Take Profit pips distance (10-100).
- MA_period: Moving Average period (10-200).
- MagicNumber: Magic number (1-100000).
- Start: Start hour (0-24).
- End: End hour (0-24).
- Maximum_loss: Maximum loss (0-10).
- WaitTime: Wait time for loss in minutes (0-999999).
It's a good idea to optimize your EA every few months and stick to the settings mentioned above. You can use it as a hedging grid or as a single trade EA.
How to Backtest Martingale Smart
Looking to backtest? Check out this guide for a step-by-step approach.
Explore More Efficient EA Options
Want to level up your trading even further? Here are some links to more efficient versions available in the Market:
- Hybrid
- Candlesticks Rate of Price Change
- Fast Turtle
- Ichimoku Breakout
- Fibo Price Change
- Trend Pullback
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