About the Martingale VI Hybrid Expert Advisor
The Martingale VI Hybrid Metatrader 4 Forex robot is an automated trading software that trades in accordance with the conditions of two Moving Averages.
The Martingale VI Hybrid EA adopts an algorithm that opens a position in the same direction as the first trade if it heads in the opposite direction following a specified number of pips.
The underlying code that represents the Martingale VI Hybrid EA iterates itself until a profit is taken.
However, it’s safe to use this forex robot considering that it opens just a single trade with a new candle, thereby avoiding multiple trades.
The Martingale VI Hybrid forex robot works on all forex pairs and all timeframes as well (although the daily chart is preferred).
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Download the “MARTINGALE VI HYBRID1.mq4” MT4 robot
Key Features
Dual Martingale Strategy
The EA utilizes two Martingale strategies, allowing trades to recover from losses through progressive lot sizing. Traders can choose the approach that best fits their risk tolerance.
Moving Average Trend Filtering
Trades are filtered by moving average indicators to ensure positions are opened in the direction of the overall trend, increasing the probability of profitable outcomes.
New Candle Trade Execution
The EA opens trades only at the start of a new candle, avoiding multiple entries within a single bar and reducing potential overtrading risks.
Customizable Settings
The EA provides adjustable parameters, including lot size, maximum trades, Martingale multipliers, stop-loss and take-profit levels, and trading session times to align with individual trading strategies.
Strategy Tester Report
Find below the Martingale VI Hybrid forex robot strategy tester report for the GBP/USD forex pair on the daily chart.
Overall Performance
The EA made a total profit of $2750.89 from a total of 552 trades.
The largest winning trade generated $73.30 in profits, while the largest losing trade generated a loss of $196.15.
Statistics:
Bars in test: 2061 ticks modelled
Initial deposit: $10000.00
Total net profit: $2750.89
Total trades: 552
Largest profit trade: $73.30
Largest loss trade: -$196.15
Consecutive wins: 14
Consecutive losses: 2
How the EA Works
- Monitors price to define potential breakout levels based on recent candle movements.
- Opens trades when the price moves in the trend direction filtered by moving averages.
- Applies user-defined stop-loss and take-profit levels to manage risk.
- Adjusts trade sizes dynamically according to the Martingale strategy.
- Manages open positions using trailing stops to lock in profits.
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Download the “MARTINGALE VI HYBRID1.ex4” Metatrader 4 robot
Parameters & Settings
- Strategy: Choose between Strategy 1 or Strategy 2.
- Martingale Multiplier: Define lot increase after a loss.
- Stop-Loss: Maximum allowable loss per trade in pips.
- Take-Profit: Target profit per trade in pips.
- Trailing Stop: Enable adjustable trailing stop levels.
- MA Period: Moving average period for trend filtering.
- Magic Number: Unique identifier for trades opened by the EA.
- Start/End Hour: Define active trading session hours.
Recommended Trading Setup
- Test on a demo account before going live.
- Use low initial lot sizes to manage risk effectively.
- Focus on the London session for optimal volatility.
- Monitor EA performance and adjust parameters when needed.
- Choose brokers with low spreads and fast execution.
FAQ
Is the EA suitable for all currency pairs?
Yes, but it is optimized for major pairs like EUR/USD, GBP/USD, and USD/JPY to maximize performance.
Does it require constant supervision?
The EA operates autonomously, but occasional monitoring is recommended to ensure optimal performance.
Can I adjust the Martingale multiplier safely?
Yes, lower multipliers reduce risk while higher multipliers increase potential gains and exposure.
Is demo testing necessary?
Absolutely. Demo testing allows you to understand EA behavior, optimize settings, and manage risk before live trading.
Summary
The Martingale VI Hybrid EA offers a robust, automated approach to forex trading using dual Martingale strategies combined with trend filtering.
While capable of delivering significant profits, careful monitoring and demo testing are essential to minimize risks and optimize performance.
