Strategy - Set And Forget (with anti-Martingale system)
Info
The Strategy - Set And Forget (with anti-Martingale system) is a Script for MetaTrader 5 that definition : before we start, it is important to define the anti-martingale system. It is a system that allow you to increase the size of your position as the trade moves in your favor or after a winning trade.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Script works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Scripts folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use Strategy - Set And Forget (with anti-Martingale system)
1. Installation: Move your script file into the MQL/Scripts directory and restart the platform.
2. Execution: Drag the script onto a chart; it will perform a one-time action, such as closing all open orders or clearing chart objects.
3. Editing: Use MetaEditor (F4) to modify code, click "Compile," and verify no errors appear in the terminal before running.
4. Removing: Scripts stop automatically, but you can remove them manually by right-clicking the chart and choosing "Remove Script."
Frequently Asked Questions
Q: How are scripts different from EAs? A: Scripts execute a single action and then stop; EAs monitor the market and trade continuously.
Q: Can I assign a hotkey to a script? A: Yes, right-click the script in the Navigator, select "Set Hotkey," and define your preferred keyboard shortcut.
Q: Why did my script stop? A: Scripts are designed to stop immediately after finishing their programmed command; this is normal behavior.
What this tool does
DEFINITION : Before we start, it is important to define the Anti-Martingale system.
Typical Use Case
This Script excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Script works on MetaTrader 5. Place the file in the MQL5/Scripts folder and restart the terminal.
Description & Settings
Related: Price Action Dynamic Exit Strategy - Profit Shield pro - another powerful script for MetaTrader 5 traders.
DEFINITION :
Also recommended: Programming Patterns - Strategy - similar script with strong performance on MetaTrader 5.
Before we start, it is important to define theAnti-Martingale system
. It is a system that allow you to increase the size of your position as the trade moves in your favor or after a winning trade. *
INTRODUCTION :
This strategy is the well known set & forget accompanied by the anti-martingale system. It is very useful if you are very busy in which you don't have time, you want to trade the London session while you are sleeping in USA, etc.
Do not forget to send you comments as well as rate these scripts. Happy trading!
HOW TO USE IT :
You can check the following video that will explain
The set and forget strategy (with the anti-martingale system)
Who usually use this strategy,
How to compile the script, and
How to use it in real example
PARAMETERS :
This EA has 4 inputs
1st input (NB TRADE): Specify the total number of Stop Orders (Buy/Sell STOP).
2nd input (INITIAL ENTRY): Specify the initial entry price.
3rd input (INITIAL STOP): Specify the initial stop price.
4th input (POSITION SIZE): Specify the position size of each trade.
* LIVE TRADING SESSION: (How to properly trade small accounts).
This is an example that I was using the
Anti-Martingale technique
IMPORTANT INFORMATION YOU NEED TO KNOW
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Please note that investing involves risks. Any decision to invest in either the real estate or stock markets is a personal decision that should be made after thorough research, including an assessment of your personal risk tolerance and your personal financial condition and goals. Results are based on market conditions and on each individual and the action they take and the time and effort they put in.
You may also like: Strategy - Set And Forget (with Martingale system) - excellent alternative for script users on MetaTrader 5.
⚠ 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.