martin
Info
The martin is a Expert Advisor for MetaTrader 5 that warning. high risks.
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 martin
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
warning.
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.
warning! high risks!
a trading system based on the martingale technique. opening of new positions can be limited in time, but the ea always controls position closing based on the total profit, without limitations on working hours.
Also recommended: pro mart: a martingale-based expert advisor - similar expert with strong performance on MetaTrader 5.
input parametersuse time
- enable/disable the trading time filter;
start hour
- operation start hour;
end hour
- operation end hour;
lot multiplier
- lot increase ratio;
number of multiplications
- the number of consecutive lot increases;
start position
- the type of the starting position (buy or sell);
minimum profit for close all
- minimum profit, at which all positions will be closed;
lots
- starting lot;
stop loss (in pips)
- stop loss value;
take profit (in pips)
- take profit value;
magic number
- expert advisor identifier.
when applying the martingale system, it would be a good practice to withdraw money from the trading account from time to time. it even allows obtaining a considerable profit before the ea loses all money.
parameters need to be optimized for each symbol and each timeframe.
You may also like: well martin - excellent alternative for expert users on MetaTrader 5.
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.