Martingale EA base on Stochastic Oscillator

MQL5 Indicators Experts

Specification

The strategy is based on identifying overbought and oversold conditions across multiple timeframes.

The primary indicator used is the stochastic indicator.

Stochastic Settings:
• %K period: 100
• %D period: 5
• Slowing: 4
•Price field : close/close


For buying:
• stochastic Signal line/Both Most be in the oversold zone (20 level of stochastic) on the H4, H1, 30m, 15m, 5m, and 1m timeframes.


Final confirmation For a Buy Position: Is when the stochastic Signal line moves above the 20 level on the one-minute timeframe

For Selling:
• stochastic Signal line/Both Most be on the overbought zone (80 level on stochastic) on the H4, H1, 30m, 15m, 5m, and 1m timeframes.



Final confirmation for a Sell Position when the stochastic moves below the 80 level on the one-minute timeframe.

Demo Version available is preferred so that transaction can be settled early.




We apply a smart martingale strategy when signals go against us, and our stop loss is not hit.

This involves entering another position when 1-minute timeframe gives another signal, with a lot size increased by X1.5 or X2 of your previous position

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Budget
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For the developer
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