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Universal Martingale EA

149 USD

Demo downloaded: 106

Published: 14 November 2021

Current version: 3.5

Universal Martingale EA

Experts
Alexander Rehfeldt
Version: 3.5
Activations: 5

The Expert Advisor is based on Martingale principle combined with a grid system. It uses different entry logics like Bollinger Bands, RSI, Heiken Ashi (and much more). After the inital order has been placed, the grid/martingale systems comes into play. The lot increase and grid distance can be calculated on different fundamentals. The take profit and a grid distance can be calculated dynamically (with ATR). The bot handles sells and buys independently. For low risk settings, a stop loss can be used.

The parameters are described below:

Parameters

OrderComment: Add a custom order comment
TP in $: Take profit in €/$ (not pips etc.)
Max Loss in $: (0=off): Maximal loss in €/$. Orders will be closed when reached
MagicNumber: Add a custom magic number
EntryLogic: Choose the entry logic to start a trade
EntryLogic2: Choose a second entry logic in combination with the first
Bands-/Envelopes Period: Parameter for specific indicator
Bands-/Envelopes Deviation: Parameter for specific indicator
(Strength)FastMA: Fast moving average period for currency strength
(Strength)SlowMA: Slow moving average period for currency strength
StochasticK: Parameter for specific indicator
StochasticD: Parameter for specific indicator
StochasticS: Parameter for specific indicator
LowHighPeriod: number of candles to include for low/high calculation
RSIPeriod: Parameter for specific indicator
Init. Lots: Initial lots for a trade
Minimum Grid in Points: Minium distance in points between two martingale steps
MaxGrid(0=off): Limit the maximum grid. If dynamic grid or GridMulti is used, the grid can be reduced by this parameter
GridMulti: Increase the grid distance with increased orders. If Gridmulti=2 and minimum grid is set to 200, the following grid would be used: 200, 400, 800…
MartMulti: Martingale multiplicator for the order size
Max Multiplikator: Limit the max. possible Martingale Multiplicator
useDYNAMICPROFIT: Use dynamic profit calculation based on ADR. Only make sense in combination with useDYNAMICGRID.
ReferenceProfitPoints: If useDYNAMICPROFIT=true, a TP is calculated as follows: current grid/ReferenceProfitPoints * TP in €
useDYNAMICGRID: Use a dynamic grid based an ADR
ADRtimeframe: TF to calculate ADR
ADRperiod: Period for ADR calculation
ADRFactor: Factor to adjust an ADR range
Max Martingale Steps: Maximum allowed martingale steps
TrailingEntry (Points): Trailing distance for an entry
TrailingExit (Points): Trailing distance for an exit
OpenNewPositions: Open new orders
SeperateBuySell: Treat Buy and Sell independently (Buy and Sell can occur at the same time)
AllowBuy: Allow buy trades
AllowSell: Allow sell trades
StartHourGMT: Start hour each day
StartMin: Start minute
StopHourGMT: Stop hour each day
StopMin: Stop minute
GridOutsideTimeFilter: Orders for the grid will also be taken outside of the time filter
EntryOnTick: If TRUE, the entry logic will be checked each tick
GridOnTick: If TRUE, the grid logic will be checked each tick
DynamicLot: If TRUE, the lot will be calculated based on the ADR
TradeFriday: Allow trading on Friday
AppliedPrice: Applied price to the EntryLogics
Slippage in Points: Slippage
StartOrderLevel to increase TP: If a certain Martingale level is reached, a TP will be increased
Increase of TP in % per Step: Increase of TP per step. Example: if StartOrderLevel to increase = 5 and increase of TP in % per Step is set to 20, then the TP is increased every step higher than 5 by 20%. So if the Martingale Level will reach 7, the TP is increased by 40%
EquityCloseLevel: Close all orders if this equity is reached
AdvancedGrid: Use the same condition (EntryLogic) to open a new grid trade
Filter: Use a custom Filter to filter the entry point
Filter2: Add a second Filter
FilterTF: Timeframe for first Filter
FilterTF2: Timeframe for second Filter
Double First Lot and TP: Double the TP and Lot of the first order

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