Martingale Bone Crusher Expert Advisor
Info
The Martingale Bone Crusher Expert Advisor is a Expert Advisor for MetaTrader 4 that this expert advisor (ea) employs two distinct martingale strategies for automated trading:strategy 1:the ea initiates trades based on the price position relative to the moving average. If a trade results in a loss, the EA opens a new trade in the opposite direction with an increased lot size.
Usage
This tool is typically used for automated trading on major forex pairs and gold.
Platform
This Expert Advisor works exclusively on MetaTrader 4 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL4/Experts folder via File ? Open Data Folder in MetaTrader 4.
How to Install and Use Martingale Bone Crusher Expert Advisor
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.
What this tool does
This Expert Advisor (EA) employs two distinct Martingale strategies for automated trading:Strategy 1:The EA initiates trades based on the price position relative to the moving average.
Typical Use Case
This Expert Advisor excels in automated trading and technical analysis on MetaTrader 4.
Compatible Platform & Setup
This Expert Advisor works on MetaTrader 4. Place the file in the MQL4/Experts folder and restart the terminal.
Description & Settings
Related: Semi-HFT Grid Bot: Two-Sided Martingale Grid with Basket Take Profit - another powerful expert for MetaTrader 4 traders.
This Expert Advisor (EA) employs two distinct Martingale strategies for automated trading:Also recommended: Martingale System with Random Entry - similar expert with strong performance on MetaTrader 4.
Strategy 1:
The EA initiates trades based on the price position relative to the moving average. If a trade results in a loss, the EA opens a new trade in the opposite direction with an increased lot size.
Strategy 2:
Similar to Strategy 1, but the EA opens a new trade with a multiplied lot size after a loss, regardless of the direction of the previous trade, based on the price position relative to the moving average.
This versatile Martingale EA is compatible with all currency pairs and timeframes, with the daily timeframe recommended for optimal performance. It is advisable to commence trading with a lot size of 0.01 and to thoroughly test the EA in a demo environment before deploying it with real funds.
Key Features:
- Trades exclusively based on the open candle price.
- Option to disable lot size increase after a loss by setting 'increasefactor=0' in the inputs.
- Flexible profit management with options for take profit in money or percentage.
Money Trailing Stop for Multiple Trades:
- Enable/disable trailing stop with money.
- Specify take profit and stop loss values in the current currency.
Additional Parameters:
- Select between Strategy 1 and Strategy 2.
- Enable/disable the 'no loss' break-even system and set the desired break-even threshold.
- Define the pip distance for stop loss and take profit.
- Configure the moving average period, magic number, and trading hours.
- Set the maximum acceptable loss and the wait time for loss in minutes.
Optimization and Usage:
- Regularly optimize the EA every few months to adapt to market conditions.
- Can be utilized as a hedging grid EA or for single trades.
- For accurate backtesting, ensure the EA is optimized with the same inputs as the live trading session.
You may also like: VR Overturn: Martingale and Anti-Martingale Expert Advisor - excellent alternative for expert users on MetaTrader 4.
Source Code
/.......
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.