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Blessing Martingale_v5: Advanced Forex EA for Profitable Trading
Blessing Martingale_v5-sloptimized.mq4 is an expert advisor (EA) designed for optimal performance in the dynamic forex market. This forex robot utilizes advanced strategies to enhance trading results. Tested on LQDFX and FXOpen, it proves its effectiveness across various brokers. Elevate your trading experience with this powerful and versatile EA, a reliable choice for traders seeking consistent results in the forex arena.
blessing martingale_v5-sloptimized.mq4 4.93 kb, 44 downloads since 2015-04-22
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Grab the Blessing Martingale_v5-sloptimized EA with winning settings!
The core strategy of this EA involves a modified Martingale approach with multiple levels.
How It Works:
The EA operates based on your input settings and market conditions:
The EA can calculate the lot size based on your account equity and other parameters if "MM" (Money Management) is enabled. This ensures that you don't risk too much of your account on a single trade.
It sets pending buy and sell orders at different price levels below and above the current market price, depending on the "levels" parameter. These orders are spaced apart by a specified "PS" (Point Step).
The EA sets take profit (TP) levels and optional stop-loss (SL) levels for each pending order. If a pending order gets triggered, it aims to profit at the TP level or cut losses at the SL level.
If the initial orders are not triggered and the market moves against them, the EA may open additional orders at higher/lower levels with increased lot sizes (controlled by the "Multiplier" parameter). This is a modified Martingale strategy.
The EA uses "magic numbers" to identify its own orders and manage them independently.
Here are the key settings and parameters you can adjust:
Levels: The number of pending order levels.
Multiplier: The multiplier for lot size in the Martingale strategy.
PS (Point Step): The price step between pending orders.
TP (Take Profit): The take profit level for initial orders.
Level1TP: Take profit level for level 1 orders (if additional orders are opened).
UseStopLoss: Enable or disable stop loss.
SL (Stop Loss): Stop loss level for initial orders (if stop loss is enabled).
MM (Money Management): Enable or disable money management.
LotsDigit: Number of decimal places for lot size.
nonMMlot: Fixed lot size if money management is disabled.
EF: Equity factor for calculating lot size.
MaxLot: Maximum allowed lot size.
MinLot: Minimum allowed lot size.
magiclong and magicshort: Magic numbers to distinguish buy and sell orders.
For a safe approach, you might consider the following settings:
Levels: 8
Multiplier: 2
PS: 20
TP: 30
Level1TP: 40
UseStopLoss: True
SL: 1000
MM: True
LotsDigit: 2
nonMMlot: 0.01
EF: 1000000
MaxLot: 100
MinLot: 0.01
magiclong: 800111
magicshort: 800222
Please note that trading robots, including Martingale-based ones, come with risks. They can amplify losses if the market doesn't move in your favor.
blessing martingale_v5-sloptimized.mq4 4.93 kb, 1 downloads since 2023-11-09
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