This MetaTrader 4 expert advisor operates two concurrent strategy groups based on technical indicators. It primarily utilizes Bollinger Bands and Envelopes to identify market entries for automated trading. The robot employs a position scaling approach, using lot multipliers and fixed-distance grid additions to manage t
Trading robot · MT4
Matrix Martingale
Matrix Martingale is a MetaTrader 4 expert advisor designed to trade price action based on previous candle ranges.
High risk
GitHub stars1
Forks1
Last update5 years ago24 Dec 2020
LicenceNone stated
Overview
Matrix Martingale utilizes a fixed Martingale lot scaling sequence across ten levels to manage trades. Entries are determined by Fibonacci levels, specifically placing orders at 25% or 50% retracements of the previous candle's high and low. The robot includes extensive time-based controls, including GMT session filters, weekend closure settings, and a day-limit for open positions. It features a basic validation code requirement for activation and is optimized for H1 or H4 charts.
- Ten-level Martingale lot scaling sequence
- Fibonacci retracement entries at 25% and 50% levels
- Comprehensive GMT-based trading session filters
- Automatic position closure after a defined number of days
Details
Author
derek-mu on GitHub
Type
Trading robot
Platform
MetaTrader 4 (MQL4)
Strategy
Martingale, Mean reversion
Markets
Any symbol
Timeframes
M15-H1, H4 and above
Risk profile
- Uses martingale lot scaling: losses can grow fast
Source
Input parameters
Read from HighLow.mq4. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
code | string | 8888 | InputValidationCODE |
countcandle | int | 1 | CountCandleBarNum |
morethanprecentage | double | 0.2 | MoreThan_Precentage_% |
lessthanprecentage | double | 1.5 | LessThan_Precentage_% |
TP_25 | bool | true | SendOrder_At_25% |
TP_50 | bool | false | SendOrder_At_50% |
MaxOrder | int | 9 | MaxOrder |
tradelots | double | 0.01 | OrderLots_1 |
tradelots_2 | double | 0.02 | OrderLots_2 |
tradelots_3 | double | 0.04 | OrderLots_3 |
tradelots_4 | double | 0.08 | OrderLots_4 |
tradelots_5 | double | 0.16 | OrderLots_5 |
Show all 31 inputs
| Name | Type | Default | Description |
|---|---|---|---|
tradelots_6 | double | 0.32 | OrderLots_6 |
tradelots_7 | double | 0.64 | OrderLots_7 |
tradelots_8 | double | 1.28 | OrderLots_8 |
tradelots_9 | double | 2.56 | OrderLots_9 |
tradelots_10 | double | 5.2 | OrderLots_9 |
TimeSet | string | -----!SeverTime!----- | TimeParameter_Set |
SetTradingTime | bool | true | SetTradingTime |
BeginH1 | int | 6 | StartTradingHour |
EndH1 | int | 21 | CloseTradingHour |
countday | int | 3 | MaxDayCloseAllLimit |
countday | int | 3 | MaxDayCloseAllLimit |
StaticState | bool | false | SetStaticState |
SetWeekClose | bool | false | SetEveryWeekClose |
SetTradingTime | bool | false | SetTradingTime |
TimeSet | string | --GMT--Sunday-for-0-- | TimeParameter_Set |
StartTradingTime | int | 0 | SetStartTradingTime(GMT) |
SetTimeClose | bool | false | Set_23H_CloseAllPosition |
BanTradingDay1 | int | 0 | BanTradingDay1 |
BanTradingDay2 | int | 6 | BanTradingDay2 |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone derek-mu/MQL4 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.
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