n trades per set martingale
Info
The n trades per set martingale is a Expert Advisor for MetaTrader 4 that the ea does a set of n number of trades and then:this ea will scale up if all the trades were consec losses and will reset aftera set with all consec wins has occurred. the set size is set by the parameter (n_trades_per_set)if any other lower number of consec wins or losses occur per a set, the ea will not change the lot size, but will just start the new set with the same lot size as the previous set.
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 n trades per set 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.
What this tool does
the ea does a set of n number of trades and then:this ea will scale up if all the trades were consec losses and will reset aftera set with all consec wins has occurred.
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: Martingale System with Random Entry - another powerful expert for MetaTrader 4 traders.
the ea does a set of n number of trades and then:
this ea will scale up if all the trades were consec losses and will reset after
Also recommended: VR Overturn: Martingale and Anti-Martingale Expert Advisor - similar expert with strong performance on MetaTrader 4.
a set with all consec wins has occurred.the set size is set by the parameter (n_trades_per_set)
if any other lower number of consec wins or losses occur per a set, the ea will not change the lot size, but will just start the new set with the same lot size as the previous set.
the idea is to increase the n_trades_per_set number higher to make the ea safer.
try to test on strategy tester with n number of say 3 and then increase this number if the ea fails.
some things it will depend on is the currency pair and the tp to sl ratio.
a tp and sl of 50 pips (4 digit pips) will be a good starting point. 100 may work well too.
the scale factor is the martingale scaling eg. 2x
the equity/100 000 is the initial lot size eg. $1000 /100 000= 0.01 and $3000/ 100 000= 0.03 etc.
usdjpy backtest no close on equity control points
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second ea file: n trades per set martingale + close and reset on equity increase:
default setting is equity +10 (if equity is $10 more than previous highest equity, close trades and reset)
back test on usdjpy standard settings n trades per set martingale + close and reset on equity increase 2016 to 2019
start eq $2000
You may also like: kn u x martingale - excellent alternative for expert users on MetaTrader 4.
Source Code
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⚠ 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.