Martingale EA

Using Martingale

Time filter: only new trades from 8:00 to 16:00 GMT time

Entry:

Using 2 timeframe for entry: i.e H1/ M15 or M15/M5 etc...

Long:
H1:

2 fast MA cross over and over the 3rd (slow) MA

H1 candle close > Daily Pivot ( check after each H1 candle close, only the 1st candle satisfies these condition then move on to check M15 conditions)

then in M15 check:

if  2 other MA cross over --> wait until price goes back to MA faster at least x points from that MA value

--> buy

for example: H1 closed at 1.2100, in M15 there is MA cross over at 1.2000 --> buy limit at 1.2035 ( x= 350)

Continue buying when every successive candle M15 after the first order close > Pivot

Max number for 1 basket: 5

Time expiration: pending order expire after x candles

Reverse for Sell case 

Volume:

Fixed first trade: 0.01

or % Equity

Take Profit

Mode 1: no TP (on/off)
Mode 2: TP = Daily R1 - x points

Mode 2: TP = Daily R2 - y points

Mode 3: In case of there is martingale trades: TP = x pip from average price

If the trade TP --> stop the trading for the day, wait for next day signal

Stop Loss: 

Mode 1: all trades have SL below Daily Pivot x points and using trailing stop according to pips i.e trail when individual trade have y points in profit

Mode 2: No Stop Loss

In mode 2 will use martingale if the trades above doesn't reach TP:

Use H1 , 2 MA cross and price below Pivot

Then use M15: if M15 candle close below previous candle close x points --> continue to buy

Continue buy according to martingale if M15 candle close below previous candle close x points

When all basket buy is closed --> stop trading for the day, wait for next day signal.

Volume:

Martingale Multiplier: for example 1.5 or 1.7

Close in Profit mode (on/off)

Check at a specific time i.e 20:00

Mode 1: If total Profit for all trades > 0 --> close all trades

Mode 2: or If total Profit for all trades > 0 for a chart (specific magic number) >0 --> close all trades

Security function:

If the EA want to runs it must have a correct account number ( change from source code)

i.e can only run on account no. 12345678 . If account number is different from this --> EA won't work.