EA Scalper XAUUSD is an automated trading research project for MetaTrader 5 focused on gold. It employs a multifaceted entry strategy using Smart Money Concepts like order blocks and liquidity sweeps, alongside moving average crossovers and Fibonacci zones. The EA includes a self-learning module designed to adapt to di
Trading robot · MT5
Martingale Forex Trading Bot
This MetaTrader 5 expert advisor provides a basic implementation of the Martingale strategy for forex markets.
High risk
GitHub stars6
Forks1
Last update3 years ago13 Dec 2022
LicenceMIT
Overview
Martingale Forex Trading Bot initiates trades using a base lot size and applies a multiplier after losses to recoup previous deficits, utilizing fixed stop loss and take profit levels for exit management. The logic is extremely minimal, lacking technical indicators for entry or advanced risk controls like drawdown limits. The provided code serves as a conceptual demonstration rather than a fully-featured trading solution, as the README suggests significant further development is needed for practical use.
- Martingale lot size multiplier
- Configurable pip-based stop loss
- Automated buy order execution
- Integrated take profit management
Details
Author
iamericdev on GitHub
Type
Trading robot
Platform
MetaTrader 5 (MQL5)
Strategy
Martingale
Markets
Forex
Timeframes
Any timeframe
Risk profile
- Uses martingale lot scaling: losses can grow fast
EA files
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone iamericdev/Martingale-Forex-Trading-Bot from GitHub, and unzip it.
- 2Open the data folderIn MetaTrader choose File, then Open Data Folder, and go to MQL5/Experts.
- 3Copy the filesCopy the .mq5 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.
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