new martin
Info
The new martin is a Expert Advisor for MetaTrader 5 that the expert advisor only works on accounts with hedging. (read here about the hedging option: )inspired by "" (in russian).
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 new 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
the expert advisor only works on accounts with hedging.
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.
the expert advisor only works on accounts with hedging! (read here about the hedging option: )
Also recommended: pro mart: a martingale-based expert advisor - similar expert with strong performance on MetaTrader 5.
inspired by "" (in russian).the
new martin
expert advisor opens two opposite positions upon start. handling. when take profit triggers, it opens a position (one position) in the same direction. the intersection of two ma indicators is a signal to open a position of a larger lot.
open two opposite positions at start
then wait for the activation of takeprofit (processing of trading transactions in ):
if a buy position was closed, open (no only one) buy position
if a sell position was closed, open (no only one) sell position
then we have a losing position
how to eliminate it: waiting for the intersection of two mas.
and open a position with an increased lot in the direction of the losing position.
the balance increases while equity does not grow
the method used: "loss percent" (difference between equity and balance) is configured in the ea's inputs. it is calculated as follows:
You may also like: well martin - excellent alternative for expert users on MetaTrader 5.
Source Code
/.......
⚠ 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.