Martingail Breakdowning V1.mq4
This Old Kings expert advisor (trading robot) for MetaTrader 4 is called Martingail Breakdowning V1.mq4. The file name marks it as version 1. It raises the lot size after losses (martingale — high risk), places pending orders and moves the stop behind price. It has 15 settings, for example Trade Allowed (default true), Step (default 18) and _ (default MoneyManagement). Watch it on a demo account for a while — robots can behave differently with each broker. 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 · Free
About Martingail Breakdowning V1.mq4
Martingail Breakdowning V1.mq4 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 moves the stop loss behind price (trailing stop / break-even). It has 15 settings, such as Trade allowed, Step and _. MQL source code included.
It also can size trades from your balance and risk percent.
Files in the download: Martingail_breakdowning_v1.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 | |
| Step | 18 | Distance between orders |
| _ | MoneyManagement | |
| Start lots | 0.1 | |
| Money management | true | |
| Logariphmic mm | true | |
| Riskfactor | 6 | Risk per trade (percent of balance) |
| Profit percent | 2 | |
| Optimal take profit | true | Take profit distance |
| __ | ||
| Mode work | 0 | |
| Trailing stop | 30 | Trailing stop distance or switch |
| No trade before new day | true | |
| Min max step mode | 0 | Distance between orders |
| 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 · Trailing Stop & Break-even · Risk & Lot Size · MT4 Expert Advisor · MQL4 Source Code