Universal Martingale EA

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