How do I install this Expert on MetaTrader 5?

Download the file, open MetaTrader 5 -> File -> Open Data Folder, copy the file to the correct folder (Experts / Indicators / Scripts / Libraries), then restart the terminal.

How do I activate / load this Expert?

Drag the Expert Advisor from the Navigator panel onto a chart, enable AutoTrading, and allow live trading in the settings.

Is this compatible with MetaTrader 5?

Yes, this Expert is built specifically for MetaTrader 5.

Is this Expert safe to use with real money?

All tools are provided for educational and testing purposes. We strongly recommend testing on a demo account first. Trading involves significant risk of loss.

Can I use this Expert on multiple charts?

Yes, but each chart can only run one Expert Advisor at a time. You can run multiple EAs on different charts.

Can I customize the settings of this Expert?

Yes. Right-click on the chart and select properties to open and adjust parameters.

Free martin Expert for MetaTrader 5

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martin

Info

The martin is a Expert Advisor for MetaTrader 5 that description the expert advisor was created at the request of one of the forum participants. a comment by vvx080: the idea is to create a grid of stop orders, e.

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

description the expert advisor was created at the request of one of the forum participants.

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.

description
the expert advisor was created at the request of one of the forum participants.

Also recommended: pro mart: a martingale-based expert advisor - similar expert with strong performance on MetaTrader 5.

a comment by vvx080: the idea is to create a grid of stop orders, e.g. we first set two orders sell and buy; once one of the orders triggers the second one should be deleted. if the trade is unprofitable, after 10 points we open an opposite order with the doubled lot. if it is unprofitable again, after 20 points we open another opposite order twice as large as the previous one. if again the trade is negative, after 30 points we open an opposite order twice as large as the previous one, and so on.
under such conditions, there should be a lot of coincidence for the deposit to be completely lost. in case of a positive trade movement, we use a good trailing so that we could catch 300 profit points. no stop loss and take profit are used for orders, trades are closed at a common profit. this strategy is not afraid of trends or flat. during trend the total profit is trailed.
here is the preliminary calculation of lots and deposit:

sell 0. 1 -10p = -1,

buy 0. 2 -20p = -3

sell 0. 4 -30p = -12

buy 0. 8 -40p = -32

sell 1. 6 -50p = -87

buy 3. 2 -60p = -213

sell 6. 4 -70p = -514

buy 12. 8 -80p = -1194

sell 25;6 -90p = - 2886
i think a deposit of 3000 should be enough, but the strategy can hardly reach the 8th or 9th order. i might be wrong somewhere, but the idea is like that. the expert advisor will be more accurate.
the ea uses a lot increase, but it cannot be called a pure martingale. moreover, the ea does get out of flat, while many martingales cannot do.
please add your comments and ideas to improve the strategy. however, please do not post "martingale is bad" ideas without checking the ea at least on a demo and without understanding its operating principle.
expert advisor parameters

inpstep
- step between positions.

inpprofitclose
- minimum profit, at which all positions will be closed.

inplot
- position volume.
testing results on eurusd:

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.