The Well Martin EA is a robust trading tool tailored for the MetaTrader 5 platform, utilizing two key indicators: Bollinger Bands and the Average Directional Index (ADX). Designed for calmer market conditions, this EA can help you navigate trades with greater confidence.
One of the standout features of this EA is its risk management strategy. After hitting a Stop Loss, it increases the lot size by a KLot coefficient until it reaches the maximum limit, known as MaxLot. Once that’s reached, it resets back to the initial size—Lot.
For those who value privacy, the EA includes a Stealth Mode, where your stop levels are only visible to you.
In terms of trading signals, the EA opens a Buy order when the price breaks below the lower Bollinger Bands and a Sell order when it surpasses the upper boundary. This strategy can be especially effective on the EURUSD pair, specifically on the M15 timeframe.
Expert Advisor Parameters:
//--- Bollinger Bands indicator input parametersinputint BBPeriod = 84; // Bollinger Bands periodinputint BBShift = 0; // Offset relative to the chartinputdouble BBDev = 1.8; // Standard deviation//--- ADX indicator input parametersinputint ADXPeriod = 40; // ADX periodinputint ADXLevel = 45; // ADX level//--- EA input parametersinputint TP = 1200 // Take Profitinputint SL = 1400 // Stop Lossinputint Slip = 50 // Slippageinputint Stelth = 0 // Mode: 1-stops are only visible to the userinputdouble KLot = 2 // Lot multiplierinputdouble MaxLot = 5 // Maximum lot size re-setting it to the start sizeinputdouble Lot = 0.1 // Number of lots for tradinginputcolor LableClr = clrGreen // Label color
Fig.1. Stealth Mode
Fig.2. Optimization results from 2010 until now
Tips for Using the Well Martin EA:
- Consider using this EA as a foundation for your own trading strategy.
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