About the Martingale Bone Crusher Expert Advisor
The Martingale Bone Crusher Metatrader 4 Forex robot is an algorithmic trader that executes trade entries based on the price that is aligned above or below the Moving Average.
One peculiar thing about the Martingale Bone Crusher forex robot is the fact that it deploys two distinct modes of the martingale strategy.
In one of the strategy modes, a new position is entered in the opposite direction with a multiplied lot size if a trade is lost.
The second mode also opens an opposite trade if a trade is lost, but it’s carried out in line with the price staying above or below the moving average, regardless of whether the losing trade was a buy/sell.
The daily time frame remains the most preferred on the Martingale Bone Crusher EA.
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Download the “Martingale Bone Crusher XIII.mq4” MT4 robot
Key Features
Dual Martingale Strategies
The EA offers two Martingale strategies: Strategy 1 (Directional Martingale) and Strategy 2 (Continuous Martingale), allowing traders to choose the approach that aligns with their trading preferences.
Break-Even System
The USEMOVETOBREAKEVEN system functions similarly to a stop loss but is designed to lock in minimal profit and avoid losses if the price moves against you. It offers adjustable parameters to define when and how to move the stop loss to break-even.
Take Profit and Stop Loss Options
The EA provides flexibility in setting take profit and stop loss levels, allowing traders to define these parameters in monetary value or percentage terms, catering to different risk management strategies.
Money Trailing Stop for Multiple Trades
Enables trailing stop functionality with monetary values, allowing for dynamic adjustment of stop loss and take profit levels as the trade progresses, aiming to secure profits and minimize losses.
Strategy Tester Report
Find below the Martingale Bone Crusher forex robot strategy tester report for the USD/CHF forex pair on the daily chart.
Overall Performance
The EA made a total profit of $1505.83 from a total of 344 trades.
The largest winning trade generated $333.64 in profits, while the largest losing trade generated a loss of $167.72.
Statistics:
Bars in test: 2045 ticks modelled
Initial deposit: $10000.00
Total net profit: $1505.83
Total trades: 344
Largest profit trade: $333.64
Largest loss trade: -$167.72
Consecutive wins: 2
Consecutive losses: 2
How the EA Works
- Monitors price ranges during the Asian session to define breakout levels.
- Initiates trades when price breaks above or below the defined range during the London session.
- Applies stop-loss and take-profit levels based on user-defined parameters.
- Manages open positions with trailing stops to lock in profits.
- Allows configuration of trade size, risk thresholds, and trading hours.
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Download the “Martingale Bone Crusher XIII.ex4” Metatrader 4 robot
Parameters & Settings
- Strategy: Choose between strategy 1 or strategy 2.
- USEMOVETOBREAKEVEN: Enable the break-even system (values: 0-1).
- WHENTOMOVETOBE: When to move to break-even (values: 10-100).
- PIPSTOMOVESL: Pips to move stop loss (values: 10-100).
- Multiply: Multiplier for Martingale (values: 2-4).
- Lotsize: Initial lot size (values: 0.01-10).
- TrailingStop: Activate trailing stop loss & take profit with a value from 10 to 100; “0” disables it.
- Stop_Loss: Stop loss pips distance (values: 10-100).
- Take_Profit: Take profit pips distance (values: 10-100).
- MA_period: Moving Average period (values: 10-200).
- MagicNumber: Unique identifier for the EA (values: 1-100000).
- Start: Start hour (values: 0-24).
- End: End hour (values: 0-24).
- Maximum_loss: Maximum allowable loss (values: 0-10).
- WaitTime: Wait time after a loss in minutes (values: 0-999999).
Recommended Trading Setup
- Use a demo account to test the EA before live trading.
- Start with a low risk percentage (e.g., 0.5%) to assess performance.
- Trade during the London session (08:00 to 16:00 GMT) for optimal results.
- Monitor the EA’s performance and adjust settings as needed.
- Ensure your broker offers low spreads and fast execution times.
FAQ
What makes the Martingale Bone Crusher different from other EAs?
It uses a dual Martingale strategy combined with adjustable break-even and trailing systems, allowing aggressive recovery of losses while offering customization for risk management.
How risky is using this EA?
As a high-risk, high-reward system, it can produce large drawdowns. It’s recommended to start on a demo account and apply conservative lot sizes before trading live.
Can I adjust the Martingale multiplier safely?
Yes, the multiplier can be modified in the settings. Lower values reduce risk but may require more trades to recover losses, while higher values increase potential gains and risk simultaneously.
Does it work with all brokers?
The EA works with most MT4 brokers, but brokers with low spreads and fast execution times yield better performance, especially for aggressive Martingale trading.
Is the EA suitable for long-term trading?
It is primarily designed for short-term recovery trades and breakout opportunities. Continuous monitoring and risk management are essential for longer-term usage.
Summary
The Martingale Bone Crusher EA is a high-risk, high-reward Expert Advisor designed to capitalize on market volatility using dual Martingale strategies.
While it can deliver substantial gains during winning streaks, it requires careful risk management and demo testing before live deployment.
Ideal for aggressive traders who understand Martingale mechanics, this EA offers a powerful, automated tool to explore short-term trading opportunities with precision and flexibility.
