Reverse Martingale Ver1.1
This Old Kings expert advisor (trading robot) for MetaTrader 4 is called Reverse Martingale Ver1.1. As the name suggests, the idea behind it is martingale money management (bigger lots after a loss — high risk). The file name marks it as version 1.1. In the code it works with moving averages. It raises the lot size after losses (martingale — high risk). It has 14 settings, for example Fix Lot (default 0.01), Stop Loss (default 50) and Take Profit (default 30). 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 · v1.0 · Free
About Reverse Martingale Ver1.1
Reverse Martingale Ver1.1 is an expert advisor (trading robot) for MetaTrader 4 based on Moving Average. It increases the lot size after a losing trade (martingale). It has 14 settings, such as Fix lot, Stop loss and Take profit. MQL source code included.
Files in the download: Reverse_Martingale_Ver1.1.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 |
|---|---|---|
| Fix lot | 0.01 | Fix Lot Size |
| Stop loss | 50 | Stoploss In Pips |
| Take profit | 30 | TakeProfit In Pips |
| Magic number | 123 | Order Magic Number |
| Max orders | 15 | Maximum Orders To Open |
| Spread | 5 | Spread In Pips |
| Use martingale | true | Use Martingale |
| Max lot | 0.64 | Maximum Lot size To Use |
| Multiplier | 2 | Lot Multiplier |
| Moving average | ================= | |
| Ma period | 200 | Period or timeframe used by the calculation |
| Ma shift | 0 | Bar shift (0 = current bar) |
| Ma method | MODE_SMA | |
| Apply price | PRICE_CLOSE |
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 · Moving Average · MT4 Expert Advisor · MQL4 Source Code