Hedging Martingale – EA MetaTrader 4

Hedging Martingale has 6 versions, opens two trades of buy and sell together,and uses the martingale method.

If the trade goes in the opposite direction after a predetermined number of pips, then it opens another trade in the same direction of the first trade. The process repeats itself until profit is taken.

By opening a trade only with a new candle it prevents multiple trades, so it is safe to use.

This Martingale EA can work on all pairs and all timeframes.

Best timeframe is daily.

Start with 0.01 lot.

*Version 2 has trailing stop loss

*Version 3 has a special way to calculate the lot size 

*Version 4 can Use Equity Stop

*Version 5 can add lot size or mulitply

*Version 6 you will have both buy and sell orders at any given time

Variables

• •  Use_TP_In_Money– Use Take Profit In Money (values:true/false).
  •  TP_In_Money– Take Profit In Money   (values: 10-100).
  • Use_TP_In_percent- Use Take Profit In Percent (values:true/false).
  • TP_In_Percent– Take Profit In Percent (values: 10-100).
  • Enable_Trailing-Enable_Trailing with money  (values:true/false).
  • Take Profit In Money (in current currency) (values: 1-100).
  • Stop Loss In Money(in current currency) (values: 1-100).

• TakeProfit – TP value of each trade in this Martingale EA (values: 10-60).
• PipStep – Distance in pips which will open a new trade (values: 10-50).
• Lots – Initial lots value, will be duplicated every step (values: 0.01-1).
• Multiply – Multiplier value every step of new trade (values: 2-4).
• MaxTrade – Maximum trades that can run (values: 2-10).
• CLOSEMAXORDERS – Close all orders if there are more than maximum orders.
• MagicNumber – Magic number (values: 1-100000).
• TrailingStop-set a value from 10 to 100 to activate trailing stop loss & take profit, “0” will not activate trailing stop loss.