Martingale EA

Hello people,

This is an update of the task.

If you cannot deliver, please say. No harm done.

1/ LotMoneyRatio–

This option allows me to use a special risk management method. It is very important to use the correct format in order to activate this option. You need to enter two numbers and they must be separated with the colon (:).Example #1would be LotMoneyRatio=0.1:1000This means the EA will use 0.1 lot size for every 1,000 available in the Follower‘s account. If there are less than 1,000 funds available then 0.1 lot size will be used.If account size grows to 2,000 the EA will automatically start using 0.2 lot size. Example #2would be LotMoneyRatio=0.5:5000 This means the EA will use 0.5 lot size for every 5,000 available in the Follower‘s

If there are less than 5,000 funds available then 0.5 lot size will be used. If account size grows to 10,000 the EA will automatically start using 1.0 lot size. Account balance is used to calculate the lot size. Means that even if account equity is above or below account balance this will not have any effect. If you do not use this option it should always be empty.

2/ MartingaleMultiplier and MartingaleCountLimit–

These options allow you to set the EA to apply martingale lot sizing before each trade is copied. By default multiplier is set to zero and it means this feature is disabled. Once you set this value to anything above zero the EA will start working in “Martingale mode”. Count limit number is set to 7 by default, but you can change that as you wish. Zero value means there is no limit and EA will apply martingale until there is not enough margin in your account. Default count limit of 7 means that if you start with the 0.01 lot size eventually the largest lot size you can get is 1.28 (when using multiplier of 2).Here’s how this whole thing works. Before copying a new trade the EA will always check the last closed trade’s profit for that particular instrument (currency pair). If the trade was closed in profit the EA will calculate a lot size according to your lot Money ratio, but if the trade was closed in loss (and the number of last closed consecutive loss trades does not exceed count limit) the EA will multiply that last closed trade’s lot size by the Martingale Multiplier value.

Important to mention that this feature will check only last closed trades on the same currency pair in question and this is how it will determine if the next lot size should be multiplied or not.

If I run multiple trades on the same currency pair this option must work. This has always been a stumble block whit all the programs I bought or let make.

When a new trade signal will be received here’s how the EA will calculate the lot size for this new trade: 0.2 x 2 = 0.4. If this trade closes in loss then the next trade size will be 0.4 x 2 = 0.8 and this will repeat until a trade closes in profit or the MartingaleCountLimitis reached. Once a trade closes in profit or the limit of losing positions is reached the cycle starts again.

3/ This is not for Automatic Trading system purposes.

-It should be an EA that needs to manage positions opened by another EA or manually.

·         -On all currency pairs or certainly the majors

·         -Multiple trades on the same currency or mixing of currencies

·        - Many charts in one MT4 terminal

·         -Should track multiple trades, but handle each trade personally if it loses and keep track of it until the follow up wins

!!! When job is finished it should be neccesary for me to use a full demo.

I would use the demo for two days, after the try i will now more how and what.

Or if you have other deal, please let me know. 

thanks in advance for the help,

Succes