Martingale EA Improvement: Free MT4 Expert Advisor

Overview

Martingale EA Improvement monitors trade sequences and applies hedging to the initial low-lot positions to mitigate drawdown. The tool provides automated risk controls including fixed take profit, stop loss, trailing stops, and break-even adjustments for individual orders or entire baskets. It features an advanced duplication mode that opens recovery orders when specific drawdown thresholds are met. The EA can operate across all symbols or focus on the current chart.

Drawdown-based order duplication logic

Automated hedging for early sequence trades

Global basket management for all symbols

Configurable trailing stop and break-even levels

Details

Author

jitkasempin on GitHub

Type

Trade manager

Platform

MetaTrader 4 (MQL4)

Strategy

Martingale, Hedging, Grid

Markets

Any symbol

Timeframes

Any timeframe

Risk profile

Uses martingale lot scaling: losses can grow fast
Opens a grid of orders: exposure builds up in a trend
Holds opposite positions at once

EA files

ea.mq4

Source

github.com/jitkasempin/martingale_ea_improvement

Input parameters

Read from ea.mq4. Defaults are the author's; change them in the EA's Inputs tab.

Name	Type	Default
`SetManageOrders`	`string`	`\|\|=============== Manage Orders ===============\|\|`
`ManageOrders`	`MO`	`Order_By_Order_All_Symbols`
`ClosingHedgingOrders`	`SLHEDGEMODE`	`Close_By_Order_Reach_Number`
`MajorCurrencyTrend`	`MAJORTREND`	`All_Trend`
`AddSLTP`	`string`	`\|\|=============== Add SL/TP ===============\|\|`
`PutTakeProfit`	`bool`	`true`
`TakeProfitPips`	`double`	`20.0`
`PutStopLoss`	`bool`	`true`
`StopLossPips`	`double`	`20.0`
`TrailingSL`	`string`	`\|\|=============== Trailing SL ===============\|\|`
`UseTrailingStop`	`bool`	`true`
`PutStopLossAfter`	`double`	`0.0`

Show all 40 inputs

Name	Type	Default
`TrailingStop`	`double`	`5.0`
`TrailingStep`	`double`	`1.0`
`UseBreakEven`	`bool`	`false`
`BreakEvenAfter`	`double`	`10.0`
`BreakEvenPips`	`double`	`5.0`
`DeleteSLTP`	`string`	`\|\|=============== Delete SL/TP ===============\|\|`
`DeleteTakeProfit`	`bool`	`false`
`DeleteStopLoss`	`bool`	`false`
`AdvancedSets`	`string`	`\|\|=============== Advanced Sets ===============\|\|`
`CommentOfOrder`	`string`
`ModeDuplication`	`bool`	`false`
`DuplicateOnlyDD`	`bool`	`false`
`DrawDownInPip`	`double`	`18.0`
`DupMagik`	`int`	`3411689`
`PipRecoverClose`	`int`	`2`
`DDStopLossPips`	`double`	`100.0`
`DDTakeProfitPips`	`double`	`100.0`
`MySlippage`	`double`	`3`
`MagicNumberInfo1`	`string`	`>0 = modify identifier orders`
`MagicNumberInfo2`	`string`	`0 = modify all orders`
`MagicNumberInfo3`	`string`	`-1 = modify only manual orders`
`MagicNumberInfo4`	`string`	`-2 = modify only chart symbol orders`
`MagicNumber`	`int`	`-2`
`SoundAlert`	`bool`	`true`
`ProtectorSets`	`string`	`\|\|=============== Protector Sets ===============\|\|`
`AdvancedProtector`	`bool`	`false`
`MoneyRiskInPercent`	`int`	`25`
`MaxMoneyValueToLose`	`int`	`0`

How to install it

1Download the sourceUse "Download source (.zip)" above, or clone jitkasempin/martingale_ea_improvement from GitHub, and unzip it.

2Open the data folderIn MetaTrader choose File, then Open Data Folder, and go to MQL4/Experts.

3Copy the filesCopy the .mq4 file into Experts.

4Compile in MetaEditorOpen the file in MetaEditor and press Compile. Fix any missing includes the compiler reports.

5Test before you tradeRun it in the Strategy Tester, then attach it to a demo chart and allow algorithmic trading.

Third-party code. ForexR did not write, test or endorse this EA, and the summary above was generated automatically from its README and code. ForexR lists only repositories with readable source code and never hosts files. Read the code, backtest it and use a demo account first; automated trading can lose money quickly.

Similar expert advisors

Martingale Manager

by moataz-metwally

This MetaTrader 4 expert advisor is a management tool designed to execute and handle trading strategies using martingale lot scaling. It uses HTTP and JSON libraries to potentially interface with external configurations or signals, supporting multiple strategies at once. The EA features a 20-level lot sequence system,

MT4 Trade manager MartingaleHedging High risk

Updated 7 years ago None stated GitHub

Icarus

by fraggli

Icarus is an automated trading system for MetaTrader 4 that employs a grid strategy with Martingale lot scaling. It utilizes Bollinger Bands and the Stochastic Oscillator to identify entry points, offering a conjunctive mode for filtered execution. The EA manages risk through maximum position limits, equity warning thr

MT4 Trading robot GridMartingaleMean reversion High risk

Updated 4 years ago GPL-3.0 GitHub

Profit Hunter

by phpkadir

Profit Hunter is an expert advisor for MetaTrader 4 designed for forex and cryptocurrency trading. It utilizes a composite signal strategy combining Triple Moving Average, Adaptive RSI, CCI, iTrend, and Fisher indicators. The robot executes trades using a grid system where distances between orders are set manually or c

MT4 Trading robot GridMartingaleHedging High risk

Updated 4 years ago None stated GitHub

Strom Martingale Collection

by junjun2712

This repository is a collection of MetaTrader 4 expert advisors and indicators focused on aggressive trading strategies. The primary expert advisor uses a grid-based approach with martingale lot scaling to manage positions. It features multiple entry logics, including Bollinger Bands, Exponential Moving Averages, and m

MT4 Collection MartingaleGridIndicator crossover High risk

Updated 1 year ago None stated GitHub

Mql Projects Collection

by PranavSonar

This repository features a collection of MetaTrader 4 expert advisors, primarily focused on a multi-strategy system named Complete Robot. The main EA utilizes a combination of technical indicators including Moving Averages, MACD, Bollinger Bands, and Stochastic oscillators for market entry. It employs a grid-based appr

MT4 Collection GridMartingaleIndicator crossover High risk

Updated 8 years ago None stated GitHub

MQ4 Master Collection

by hairibaba

This repository provides a collection of MetaTrader 4 expert advisors and utility tools. It includes diverse trading strategies ranging from M1 scalping and Heiken Ashi trend following to swing-based approaches. The codebase features a robust trade management framework with classes for order execution, error handling,

MT4 Collection Trend followingScalpingIndicator crossover High risk Archived