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well martin
Info
The well martin is a Expert Advisor for MetaTrader 5 that well martin ea is based on two indicators: bollinger bands and adx. it is designed for use on a tranquil market.
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 well 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
well martin ea is based on two indicators: bollinger bands and adx.
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.
well martin ea is based on two indicators: bollinger bands and adx. it is designed for use on a tranquil market.
Also recommended: pro mart: a martingale-based expert advisor - similar expert with strong performance on MetaTrader 5.
after a stop loss, the ea increases the lot byklot
coefficient until it reaches the maximum value —
maxlot
. then the lot returns to its start size —
lot
.
the ea has stealth mode in which the stops are visible only to the user.
when breaking through the lower bollinger bands boundary, the ea opens a buy order, when breaking through the higher boundary, it opens a sell order.
eurusd, М15 timeframe.
expert advisor parameters:
fig.1. stealth mode
fig.2. optimization results from 2010 until now
tips:
it is recommended to use this ea only as a basis for your own strategy.
You may also like: new martin - excellent alternative for expert users on MetaTrader 5.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.00"
#include <trade\trade.mqh> // ctrade
input int bbperiod = 84; // bollinger bands
input int bbshift = 0; //
input double bbdev = 1.8; //
input int adxperiod = 40; // adx
input int adxlevel = 45; // adx
input int tp = 1200; // -.......
⚠ 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.