martin for small deposits
Info
The martin for small deposits is a Expert Advisor for MetaTrader 5 that martingale based expert advisor specially designed for small deposits. this feature is enabled through the configurable parameter "number of bars to be skipped", which means skipping the specified number of bars after the last entry.
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 for small deposits
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
martingale based expert advisor specially designed for small deposits.
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.
martingale based expert advisor specially designed for small deposits. this feature is enabled through the configurable parameter "number of bars to be skipped", which means skipping the specified number of bars after the last entry.
Also recommended: pro mart: a martingale-based expert advisor - similar expert with strong performance on MetaTrader 5.
how it works: suppose we have the first open buy position, and a new entry signal emerges on the next bar (the price moved down by "step between positions"). more signals to open buy emerge on the next two bars. a regular martingale would open four consecutive positions with the following total volume (taking into account the starting lot of 0.01 and the multiplier of 2.0):#1 buy 0.01
#2 buy 0.02
#3 buy 0.04
#4 buy 0.08
this load can destroy small deposits. our ea with "number of bars to be skipped" (let it equal 3) would open the first buy 0.01 position, skip three bars and open the second buy 0.02 position.
input parameters
volume
- position volume;
take profit
(in pips) - take profit value;
step between positions
- step between position;
number of bars to be skipped
- the number of bars to skip before opening a new trade;
volume increase factor
- volume multiplier for each subsequent position;
max volume
- maximum allowable position volume;
min profit for close all
- minimum profit, at which all open position should be closed.
testing on eurusd,h1:
You may also like: well martin - excellent alternative for expert users on MetaTrader 5.
Source Code
#property version "1.001"
#include <trade\positioninfo.mqh>
#include <trade\trade.mqh>
#include <trade\symbolinfo.mqh>
cpositioninfo m_position; // trade position object
ctrade m_trade; // trading object
csymbolinfo m_symbol; // symbol info object
input double inplots = 0.01; // volume
input ushort inptakeprofit = 65; // take profit (in pips)
input ushort inpstep = 15; // step between positions.......
⚠ 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.