Martingale Smart.mq4
Martingale Smart.mq4 is an expert advisor (trading robot) for MetaTrader 4 from the Old Kings collection. Judging by its name, it is built around martingale money management (bigger lots after a loss — high risk). Its source code uses MACD, moving averages, Bollinger Bands and a price channel. It moves the stop behind price and can size trades from your risk. It has 18 settings, for example USEMOVETOBREAKEVEN (default true), WHENTOMOVETOBE (default 10) and PIPSTOMOVESL (default 5). 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 Martingale Smart.mq4
Martingale Smart.mq4 is an expert advisor (trading robot) for MetaTrader 4 based on MACD, Moving Average, Bollinger Bands and Channels & Envelopes. It moves the stop loss behind price (trailing stop / break-even) and can size trades from your balance and risk percent. It has 18 settings, such as Usemovetobreakeven, Whentomovetobe and Pipstomovesl. MQL source code included.
Files in the download: Martingale Smart.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 |
|---|---|---|
| Usemovetobreakeven | true | Enable "no loss" |
| Whentomovetobe | 10 | When to move break even |
| Pipstomovesl | 5 | How much pips to move sl |
| Multiply | 2.0 | Multiply for Martingale |
| Lotsize | 0.01 | Lot size |
| Double lotsize | false | set to true if you want to just double every lotsize, |
| Lot size increment | 0.01 | Additional orders will increase by this amount |
| Trailing stop | 30 | TrailingStop pips distance |
| Stop loss | 5 | Stop Loss pips distance |
| Take profit | 5 | Take Profit pips distance |
| Ma period | 1 | Moving Average Period |
| Ma period1 | 50 | Moving Average Period |
| Magic number | 562148 | Magic Number |
| Timeset | Timeset | |
| Start | 0 | Start hour |
| End | 24 | End hour |
| Maximum loss | 10 | Maximum allowed loss |
| Wait time | 180 | Wait time for loss in minutes |
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 · Trailing Stop & Break-even · Risk & Lot Size · MACD · Moving Average · Bollinger Bands · Channels & Envelopes · MT4 Expert Advisor · MQL4 Source Code