Martingale VI HYBRID1
From the Old Kings archive: Martingale VI HYBRID1, an expert advisor (trading robot) for MetaTrader 4. Its name points to martingale money management (bigger lots after a loss — high risk). In the code it works with moving averages. It raises the lot size after losses (martingale — high risk), works with a grid of orders and can size trades from your risk. It has 11 settings, for example Take Profit (default 10), Pip Step (default 10) and Lotsize (default 0.01). Before any live use, test it on a demo account and check its lot size, stop loss and trading hours. 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 VI HYBRID1
Martingale VI HYBRID1 is an expert advisor (trading robot) for MetaTrader 4 based on Moving Average. It increases the lot size after a losing trade (martingale), opens a grid of orders at fixed price steps and can size trades from your balance and risk percent. It has 11 settings, such as Take profit, Pip step and Lotsize. MQL source code included.
Files in the download: MARTINGALE VI HYBRID1.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 |
|---|---|---|
| Take profit | 10 | TP value of each trade in this Martingale EA |
| Pip step | 10 | Distance in pips which will open a new trade |
| Lotsize | 0.01 | The value of the initial lots , will be duplicated every step |
| Multiply | 2.0 | Multiplier value every step of new trade |
| Max trade | 4 | Maximum trades that can run |
| Str5 | Fast moving average | |
| Period1 | 1 | Fast moving average(in pips) |
| Str6 | Slow moving average | |
| Period2 | 50 | Slow moving average(in pips) |
| Closemaxorders | true | Close Maximum Orders |
| Magic number | 8095 | Magic Number |
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 · Grid · Risk & Lot Size · Moving Average · MT4 Expert Advisor · MQL4 Source Code