Coding a simple Martingale EA

MQL4 Uzman Danışmanlar

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Thanks a lot for the order, mister Chu ! :)

İş Gereklilikleri

Use bollinger bands.

Open of new candle, check

- Distance of upper and lower BB bands < x pip

- Close price of previous candle < middle bollinger band

è OPEN SELL

- Use = Start Lot = n (lot)

- Put SL, TP in (pips)

If stop loss

- BUY at Market

- Increase lot size = Start Lot + n

- Put SL, TP again

 

If stop loss again: --> sell at market

Increase lot size = Previous Order size +  n

If the trade is closed manually (not SL or TP) --> end of cycle, EA wait for new entry with start lot again (new cycle).

For Buy: Vice versa:

- Distance of upper and lower BB bands < x pip

- Close price of previous candle > middle bollinger band


Example: AU m5,

- bollinger bands distance <5pip. close price < middle band value --> Sell.  volume 0.01, SL10, TP20

- If SL, enter  2nd order Buy with volume 0.01+0.01=0.02, SL10, TP20

- If  SL, enter 3rd order   volume 0.03, SL10, TP20

- If TP. End of cycle --> wait for new bollinger bands condition for start lot 


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