martin with increasing step
Info
The martin with increasing step is a Script for MetaTrader 4 that description:this is a variant of the martin strategy with an increasing distance between orders. parameters:- k_chag - the coefficient of increase in step between orders- prf_plus - the distance in points to the take profit level from the neutral level (where profit and loss on open orders are equal to zero).
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Script works exclusively on MetaTrader 4 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL4/Scripts folder via File ? Open Data Folder in MetaTrader 4.
How to Install and Use martin with increasing step
1. Installation: Move your script file into the MQL/Scripts directory and restart the platform.
2. Execution: Drag the script onto a chart; it will perform a one-time action, such as closing all open orders or clearing chart objects.
3. Editing: Use MetaEditor (F4) to modify code, click "Compile," and verify no errors appear in the terminal before running.
4. Removing: Scripts stop automatically, but you can remove them manually by right-clicking the chart and choosing "Remove Script."
Frequently Asked Questions
Q: How are scripts different from EAs? A: Scripts execute a single action and then stop; EAs monitor the market and trade continuously.
Q: Can I assign a hotkey to a script? A: Yes, right-click the script in the Navigator, select "Set Hotkey," and define your preferred keyboard shortcut.
Q: Why did my script stop? A: Scripts are designed to stop immediately after finishing their programmed command; this is normal behavior.
What this tool does
description:this is a variant of the martin strategy with an increasing distance between orders.
Typical Use Case
This Script excels in automated trading and technical analysis on MetaTrader 4.
Compatible Platform & Setup
This Script works on MetaTrader 4. Place the file in the MQL4/Scripts folder and restart the terminal.
Description & Settings
Related: Trading Panel with Indicator Signals - another powerful script for MetaTrader 4 traders.
description:this is a variant of the martin strategy with an increasing distance between orders.
Also recommended: Mod Stop Reverse v7 with Alligator Indicator - similar script with strong performance on MetaTrader 4.
parameters:
- k_chag - the coefficient of increase in step between orders
- prf_plus - the distance in points to the take profit level from the neutral level (where profit and loss on open orders are equal to zero).
Source Code
extern bool test=false;
extern bool open_buy=true;
extern bool open_sell=true;
extern double chag=36; // //31 ~ 30-37
extern double prf_plus=56; // . // ~ 40-50 .
extern double k_chag=1.4; // . ~ 1-2;
extern int risk=3; // 1-9
extern double lots = 0.01; //
extern double k_lot=1.7; // ~ 1.5-2;
extern double lot_max=100; // .......
⚠ 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.