Demarker Martingale
This software component for MetaTrader 4 is built to enhance the capabilities of your trading environment. This Expert Advisor serves as automated trading software. It is utilized to monitor financial markets and execute trades based on predefined algorithmic rules, enabling precise position management without the need for constant manual oversight.
How to Setup and Use Demarker Martingale
1. Installation: Open the "File" menu, select "Open Data Folder," navigate to MQL/Experts, paste your file, and restart the terminal.
2. Activation: Drag the EA from the Navigator onto a chart, ensure "Allow live trading" is checked in the Common tab, and verify the AutoTrading button is green.
3. Optimization: Right-click your chart, choose "Expert List," click "Properties" to adjust inputs, and save your preferred setup as a set file for future use.
4. Maintenance: Regularly check the "Experts" tab in the terminal window to monitor trade logs and potential execution errors.
Frequently Asked Questions
Q: Why is my EA not opening trades? A: Check the "AutoTrading" button, ensure "Allow live trading" is enabled, and verify your broker allows automated trading on your account type.
Q: Can I run multiple EAs on one chart? A: No, each chart can only host one active EA; however, you can open multiple charts for different currency pairs to run several EAs.
Q: What does the "smiley face" icon mean? A: A smiley face in the top-right corner of the chart indicates the EA is successfully running; a frowny face means it is disabled.
Description & Settings
This Martingale EA trades with "Demarker" indicator, it is considered relatively safe because it takes a single trade at a time(if you set"max trades"=1).
has Trailing Stop Loss &Take Profit works on all time frames major forex pairs and stocks NASDAQ.
If we lose a trade then the EA will take a new trade with a multiplied lot size,the EA has a special formula for calculating lot size.
Try it on demo first.
This EA trades only with the price of open candle!
Trade volume of a position depends on previous trading results.
It provides the possibility to limit the maximum risk (in % of deposit) of the trade.
If you want to trade with constant lotsize say:0.01 lot ,you need to set "MaximumRisk =0" and "DecreaseFactor=0"
Or else you will have a calculation of Percent (%) of deposit and MaximumRisk. Inputs
Use_TP_In_Money- Use Take Profit In Money (values:true/false).
TP_In_Money- Take Profit In Money (values: 10-100).
Use_TP_In_percent- Use Take Profit In Percent (values:true/false).
TP_In_Percent- Take Profit In Percent (values: 10-100).
------------[Money Trailing Stop For Multiple Trades]----------------------
Enable_Trailing-Enable_Trailing with money (values:true/false).
Take Profit In Money (in current currency) (values: 25-200).
Stop Loss In Money(in current currency) (values: 1-20).
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Exit= Close trades if the trend is against you and control draw dwon (values:true/false).
Multiply= Multiply for Martingale (values: 1-4).
Lots - Lots size (values: 0.01-1).
Double_Lotsize=set to true if you want to just double every lotsize,
Lot_Size_Increment=Additional orders will increase by this amount
Stop_Loss=Stop Loss pips distance
Take_Profit=Take Profit pips distance
period=Demarker period (values: 1-50).
MagicNumber - Magic number (values: 1-100000).
----------------"Timeset"--------------------------------
Start=Start hour (values: 0-24).
End= End hour (values:0-24).
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Maximum_loss= Maximum allowed loss (values: 1-500).
WaitTime=Wait time for loss in minutes (values: 1-360).
Max_Trades= (values: 1-10).
IF YOU USE ONLY 1 TRADE:
//////////////////////////////////////////////////
TrailingStop-set a value from 40 to 100 to activate trailing stop loss & take profit, "0" will not activate trailing stop loss.
Enable "Break Even" -(values:true/false).
When move "Break Even"- (values: 5-30).
How much pips move- "Break Even" (values:5-30).
-You should optimize this EA every few months and use the exact same inputs from above .-How to perform back test:
