basic martingale ea
Info
The basic martingale ea is a Expert Advisor for MetaTrader 5 that this ea just showing a sample of martingale systems by averaging up or averaging down. it is not a ready to use or profitable ea.
Usage
This tool is typically used for automated trading on major forex pairs and gold.
Platform
This Expert Advisor works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Experts folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use basic martingale ea
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 ea just showing a sample of martingale systems by averaging up or averaging down.
Typical Use Case
This Expert Advisor excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Expert Advisor works on MetaTrader 5. Place the file in the MQL5/Experts folder and restart the terminal.
Description & Settings
Related: sideways martingale with ai trend detection - another powerful expert for MetaTrader 5 traders.
this ea just showing a sample of martingale systems by averaging up or averaging down.
Also recommended: pro mart: a martingale-based expert advisor - similar expert with strong performance on MetaTrader 5.
it is not a ready to use or profitable ea. default using tema indicator as entry signals and atr as grid steps for taking orders.users can download and modify the source as needed.
regards.
update:
- fix bug errors on trailing functions.
- add function to trail on averaging up.
- revised indicator codes.
Source Code
яю//+------------------------------------------------------------------+
#property copyright "RobotFX"
#property link "https://robotfx.org"
#property version "3.0"
#include <Trade\PositionInfo.mqh> CPositionInfo m_position;
#include <Trade\Trade.mqh> CTrade trade;
enum MartinMode
{
Multiply, //Multiply
Increment //Addition.......
⚠ 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.