Martingail Breakdowning 0.9.4
From the Old Kings archive: Martingail Breakdowning 0.9.4, an expert advisor (trading robot) for MetaTrader 4. It raises the lot size after losses (martingale — high risk), places pending orders and can size trades from your risk. It has 11 settings, for example Trade Allowed (default true), Shag (default 20) and start Lots (default 0.1). Run it in the Strategy Tester and then on a demo account to see how it opens and closes trades. Inside: 1 EA file with source code (.mq4) you can open and edit in MetaEditor. Old Kings are classic community tools shared as-is. Not tested by PolyMaria. Try it on a demo account first. Are you the author of this tool? Message us on Telegram (@abumarket_support) and we will credit you or take it down.
Expert advisor · MT4 · v1.0 · Free
About Martingail Breakdowning 0.9.4
Martingail Breakdowning 0.9.4 is an expert advisor (trading robot) for MetaTrader 4. It increases the lot size after a losing trade (martingale), places pending buy/sell stop or limit orders and can size trades from your balance and risk percent. It has 11 settings, such as Trade allowed, Shag and Start lots. MQL source code included.
Files in the download: Martingail_breakdowning_0.9.4.mq4.
Trading robots can lose money. Check every setting and test on a demo account before using real funds.
Settings
| Setting | Default | What it does |
|---|---|---|
| Trade allowed | true | |
| Shag | 20 | |
| Start lots | 0.1 | |
| Money management | true | |
| Logariphmic mm | true | |
| Riskfactor | 4 | Risk per trade (percent of balance) |
| Profit percent | 0.4 | |
| Optimal take profit | true | Take profit distance |
| Close on tp | false | |
| Mode close on tp | true | |
| Show log | false |
How to install
- Download the ZIP from your PolyMaria library and unzip it.
- In MetaTrader 4 open File → Open Data Folder, then go to MQL4 → Experts.
- Copy the .mq4 file(s) there. Put any .mqh files in MQL4 → Include.
- Open the .mq4 file in MetaEditor and press Compile (F7) if MetaTrader does not show it.
- Drag the expert advisor from the Navigator onto a chart, check the settings, allow Algo/Auto Trading and press OK.
- Test it first on a demo account or in the Strategy Tester.
Tags: Martingale · Pending Orders · Risk & Lot Size · MT4 Expert Advisor · MQL4 Source Code