Market / MetaTrader 4 / Experts /

Martybot Scalper Expert Advisor

Demo downloaded: 36

Published: 31 August 2021

Current version: 1.56

Martybot Scalper Expert Advisor

Experts
Rizaldy Surio De Guzman
Version: 1.56
Updated: 14 March 2022
Activations: 5

Martybot Scalper

is a scalper, grid system, and moderate martingale which already works on real accounts. It uses real market mechanics to its advantage to make profit

Supported currency pairs per account:

EURUSD or GBPUSD (and EURGBP for HIGH Risk) (Important: 0.07 Lot / $1,000 Risk: 42% Fund)

USDJPY only

USDCHF, USDCAD, and NZDUSD (Important: 0.02 Lot / $500 Risk: 42% Fund)

IMPORTANT!!!

1:500 Minimum Leverage (if not it can wipeout your account!!)
The EA must be attached to Set1: EURUSD and GBPUSD or Set2: USDJPY only (MICRO/Cent Account only)
Timeframe: 30min or 1Hr

Features:

One Chart Setup: you only need one chart for each pair
Very easy to use: just read 2 lines of instructions below
Much cheaper than available high-quality alternatives
Remotely Stop Auto Trading thru your mobile devices, thus no need to log in on your MT4 Terminal
Auto Trend Analysis: Fits to trader that wants to open grid trades on ranging market only.
Close (Partially) Trade: This allows the EA to close certain Lot volume of trades according to set target profit.
Customization: Advance user can change the preset trade set-up according to own trading style.

How to install

The EA must be attached to EURUSD and GBPUSD or USDJPY only
Use recommended pairs only. All settings are coded internally in the EA

Requirements

Hedging account!
Micro or Cent Account (see separate details for Standard Account)
The EA is NOT sensitive to spread and slippage but I advise using an Internationally License broker
The EA should run on a VPS continuously

Strategy

TakeProfit for Initial Trade - Trailing Stop Take Profit for the initial trade (if no grid trades opened or No. of Order set)
TakeProfit for Grid- take-profit for the grid.
StopLoss for Grid - 55%(can be changed) of the Account for the grid trades
Options for Risk Appetite- Semi-Aggressive or Aggressive Set-up

Money Management & Risk settings

Default Lot - fixed trading lot for the initial trade.
Emergency Stop Percent (%) - if current floating drawdown exceeds the specified percent(%) of Balance and Credit , then the EA will close all opened positions on all Charts of the account.

Grid settings

Smart Trade Distance -auto- adjusts the trade distance depending on market volatility
Auto Trade Multiplier - auto- adjusts the multiplier for the succeeding trades

IMPORTANT SETTINGS

1. UNIQUE CURRENCY ID : must be different on each pair (Sample: EURUSD: 1001, GBPUSD:2002 etc...)

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Version 1.56 2022.03.14

Update the comment name as "Martybot Scalper".

Version 1.55 2022.03.04

Added Partial Close Option
Improved Information Display

Version 1.54 2022.03.04

Added the Option of Conservative Set-up.
Added the Option to extend the Activity of Trailing Stop to Any Number of Position.
(Previous: 14 Position Maximum)

Version 1.53 2021.12.02

Edit the Notification of Auto Trend Analysis for complete message.

Version 1.52 2021.12.02

Re-encode the Auto Trend Analysis.

Version 1.51 2021.12.02

Auto Trend Analysis added.
This is good for trader who wants to trade only on Ranging Market and do not want to open grid trades during Trending Market.

Version 1.41 2021.11.30

Bug Fix on Remote Stop Auto Trade.

Version 1.4 2021.11.29

Added:: Remotely Stop Auto trading thru mobile devices.

Version 1.3 2021.10.25

Fixed minor bugs during restart when MT4 Terminal is restarted that cause the Expert Advisor to load slowly
(reason: data reads of all opened trades are slow when it is more than 30 trades opened)
(remedy: added data logs of all currently opened trades, and includes summary of data)

Version 1.2 2021.09.03

Adopt the convention naming of revision number of MQL5 Market.
Some minor code cleaning.

Version 1.1 2021.09.02

1.01 Version Change Points:
Make changes on comments of Parameter Settings so that it will be more user friendly.