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RRS Martingale

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Published: 2 April 2025

Current version: 1.1

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RRS Martingale

Experts
Rajeev Ranjan Sharma
Version: 1.1
Updated: 9 April 2025

RRS Martingale is based on the Martingale strategy, which involves increasing the lot size opposite to the price movement and waiting for recovery. Martingale is usually a very risky technique, but this EA is built on well-calculated mathematics to minimize drawdown, reduce risk, and maximize profits.

This EA automatically calculates all values based on pre-programmed mathematical algorithms using your TakeProfit and LotMultiplier inputs.

Variables & Descriptions

Variable	Value	Description
Trading_Strategy	Martingale_TrailingSL, Martingale_TakeProfit	Martingale_TrailingSL: Uses a trailing stop loss to recover trades. Martingale_TakeProfit: Uses take profit to recover trades. Note: Trailing Stop Loss can provide more profit, while Take Profit minimizes drawdown. Choose based on your trading style.
Trailing_Type	Classic_Trailing, Virtual_Trailing	Virtual Trailing: The trailing stop loss is hidden from the broker’s server (remains on your local PC). Classic Trailing: A visible trailing stop loss is placed and reflects on the broker’s server. Note: This feature is useful if your broker does not support hyperactive EAs, has modification limits per day, or if you suspect stop-loss hunting. Recommendation: Martingale relies on strict calculations, so it's better to use Classic Trailing.
TakeProfit_Type	Classic_TP, Virtual_TP	Virtual TP: The take profit level is hidden from the broker’s server. Classic TP: The take profit level is visible to the broker’s server. Note: Useful for avoiding broker manipulation. Recommendation: Martingale requires strict calculations, so it's better to use Classic Take Profit.
OrderMode	PendingOrder, DirectOrder	PendingOrder: The EA places Buy Limit and Sell Limit orders for the next trade. DirectOrder: The EA places Buy or Sell orders directly for the next trade. Note: Martingale requires precise calculations, so it is recommended to use Pending Orders.
TakeProfit	Integer (Points/Pips)	Set your take profit value in points/pips (the smallest price movement unit for your asset). This value is also used in TrailingSL operations.
LotMultiplier	Double	Determines the lot size increase for the next trade. Example: If the previous trade's lot size is 0.10 and LotMultiplier is 1.7, the next trade lot size will be 0.10 × 1.7 = 0.17, then 0.28, and so on. LotMultiplier must be at least 1.5 for the EA to function properly.
Max_OpenTrade	Integer	Sets the maximum number of open trades allowed.
MoneyManagement_Action	Stop_EA, Close_And_Continue	Stop_EA: Once the "Target_Revenue" is reached, the EA stops taking new trades and must be reinstalled to restart. Close_And_Continue: Once the "Target_Revenue" is reached, the EA closes all running trades and continues trading.
MoneyManagement_Type	Fixed_Money, Balance_Percentage	Fixed_Money: Closes trades when the account equity reaches a set amount. Balance_Percentage: Closes trades when a certain percentage of the account balance is reached.
Target_Revenue	Double	If MoneyManagement_Type is Fixed_Money, enter the target equity value. If Balance_Percentage, the EA will calculate the value based on your account balance.
RiskManagement_Action	StopEA, CloseAndContinue	StopEA: If the negative floating loss reaches Money_In_Risk, all trades are closed, and the EA stops trading (manual restart required). CloseAndContinue: If the negative floating loss reaches Money_In_Risk, all trades are closed, but the EA continues trading.
Risk_In_Money_Type	FixedMoney, BalancePercentage	FixedMoney: Closes trades when the floating loss reaches a set monetary value. BalancePercentage: Closes trades when the defined percentage loss is reached.
Money_In_Risk	Integer	If Risk_In_Money_Type is FixedMoney, enter the maximum amount you can afford to lose. If BalancePercentage, the EA calculates the value based on your account balance.
NewsManagement	NewsDeactivated, HighImpactNews, ImportantNews	NewsDeactivated: No news filter applied. HighImpactNews: Avoids trading during high-impact news events. ImportantNews: Avoids trading during pre-specified important news events listed in Important_News.
BeforeNews_Minutes	Integer (Minutes)	Number of minutes before news events when trading should pause. (e.g., 120 = 2 hours before).
AfterNews_Minutes	Integer (Minutes)	Number of minutes after news events when trading should pause. (e.g., 180 = 3 hours after).
News_CutLoss	Integer	If a trade has a floating loss greater than or equal to this value during a news event, the EA will close the trade.
News_ReCheckMinutes	Integer	The frequency (in minutes) at which the EA should update news data from ForexFactory.
Important_News	String	List of important news events that should pause trading (comma-separated).

Please share your experience, feedback, and trading reports.

Good Luck & Happy Trading! 🚀

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This EA scalps using the Relative Strength Index (RSI) Indicator, Stochastic Oscillator Indicator, and Bollinger Bands Indicator to identify trend or counter-trend opportunities. As a multi-pair EA , it scans multiple currency pairs for signals. This EA comes with a variety of features, including Trailing, Risk Management, Money Management, Restriction Mode, and more. With the right settings, it has the potential to generate significant profits. Variable Values Description Trading_Indicator RSI,

FREE

RRS Impulse Plus EA is an advanced version of RRS Impulse EA . This upgraded version provides more flexibility with several new options. The EA scalps using the Relative Strength Index (RSI), Stochastic Oscillator, Moving Average (MA), and Bollinger Bands indicators to identify trend and counter-trend opportunities. As a multi-pair EA , it scans multiple currency pairs for signals. This EA includes various features such as Trailing, Risk Management, Money Management, Restriction Mode, and more.

FREE

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Version 1.1 2025.04.09

Cleaned!