Market / MetaTrader 4 / Experts /

Well Martin

30 USD

Demo downloaded: 248

Published: 28 September 2017

Current version: 1.0

Well Martin

Experts
Andrey Kornishkin
Version: 1.0
Activations: 10

The Well Martin Expert Advisor looks for entries in a calm market and increases the lot after a loss.

Trading Strategy

The EA is designed to trade in a quiet market.
The EA trades using market orders, and exits positions using stop orders.
StopLoss and TakeProfit levels are set through modification.
After a losing position, the EA increases lot by KLot.
If MaxLot is reached after a series of losses, the EA switches to the minimum lot set in Lots.
If you set Lots to zero, the lot will be calculated based on deposit and the Risk parameter.
The EA opens positions alternately, i.e. buy-sell-buy or sell-buy-sell.

The EA has been optimized on data for 01.11.2005-01.11.2010. Symbol EURUSD Н1.

Related signal monitoring: https://www.mql5.com/en/signals/195414

Settings of the Expert Advisor

Trading Lot Settings

Lots - trading lot
KLot - lot increase
MaxLot - maximum lot
Risk - risk management

Position Placing Parameters

StopLoss - the stop loss value
TakeProfit - the take profit value
Slip - allowable slippage
Magic

Indicator Settings

ADXPeriod - period of the ADX indicator
Level - level of ADX
BBPeriod - period of Bollinger Bands
BBDev- deviation of Bollinger Bands

Trading Time Overwrite

StartHour - trading start hour
StartMin - trading start minute
EndHour - trading end hour
EndMin - trading end minute

Error Handling

MaxEntry - number of attempts to place an order
LongPause - a long pause after an error
ShortPause - a short pause after an error

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