About the Pure Martingale Expert Advisor
The Pure Martingale Expert Advisor for Metatrader 4 is designed to demonstrate one of the oldest and most debated approaches to automated trading: the martingale method.
This EA opens positions based on simple entry logic, then uses a progressive lot-sizing algorithm to increase position size after a losing trade.
The objective is to recover past losses and secure a net profit once a winning trade occurs.
While highly flexible, it also carries significant risk, making it suitable for traders who want to study martingale theory or apply it under carefully controlled conditions.
Free Download
Download the “Pure_Martingale.mq4” MT4 robot
Key Features
Classic Martingale Scaling
After each losing trade, the EA automatically increases the lot size for the next order, aiming to recover the previous loss plus an additional profit margin.
Flexible Inputs
Adjust initial lot size, multiplier, maximum trades allowed, and profit target to tailor the martingale strategy to your personal risk appetite.
Random Entry Option
The EA can place trades at random intervals, focusing purely on the money management aspect of martingale without requiring technical confirmation.
Compatible with Any Pair or Timeframe
Works on all currency pairs and chart periods, allowing traders to experiment with different volatility conditions and trading environments.
Risk Management Alerts
Includes alerts when margin usage becomes critical or maximum trade thresholds are reached, helping traders monitor exposure.
Strategy Tester Report
Find below the Pure Martingale robot strategy tester report for the EUR/USD forex pair on the 15-minute chart.
Overall Performance
The EA made a total profit of $6252.53 from a total of 262 trades.
The largest winning trade generated $34.50 in profits, while the largest losing trade generated a loss of $536.00.
Statistics:
Bars in test: 4754 ticks modelled
Initial deposit: $10000.00
Total net profit: $6252.53
Total trades: 262
Largest profit trade: $34.50
Largest loss trade: -$536.00
Consecutive wins: 261
Consecutive losses: 1
How the EA Works
- Opens an initial trade based on random or simple entry logic.
- When a trade closes at a loss, the next order increases in lot size according to the set multiplier.
- The process repeats until a winning trade recovers all previous losses plus profit.
- After recovery, the cycle resets to the initial lot size.
- Trades can be limited by maximum sequence length to avoid runaway exposure.
Download Now
Download the “Pure_Martingale.ex4” Metatrader 4 robot
Parameters & Settings
- Initial Lot Size configuration
- Martingale Multiplier value
- Maximum Number of Trades in sequence
- Take Profit target
- Stop Loss or equity cut-off setting
- Random Entry option toggle
- Magic Number for multi-pair usage
Recommended Trading Setup
- Currency Pairs: EURUSD, GBPUSD, or other majors with tight spreads
- Timeframes: M5 to H1 for higher frequency cycles
- Account Type: Cent accounts or demo accounts for safer testing
- Broker: ECN broker with fast execution and low spread
- Risk: Start with small lots and avoid large multipliers
- Hosting: VPS recommended for uninterrupted operation
FAQ
Is the Pure Martingale EA free?
Yes, it is available as a free download in MT4 format.
What is the main risk of using martingale?
The biggest risk is a long losing streak that can lead to margin calls or account wipeouts if position sizing becomes too large.
Can I limit the martingale sequence?
Yes, you can set a maximum number of trades to stop the sequence before risk grows uncontrollably.
Does this EA work on indices or commodities?
Yes, it can technically be applied to any symbol in MT4, though results vary depending on volatility and contract size.
Is martingale profitable long-term?
While short-term profits may be strong, martingale carries inherent long-term risks. Proper risk management and account sizing are essential.
Summary
The Pure Martingale Metatrader 4 Expert Advisor offers traders the chance to explore the mechanics of one of forex trading’s most controversial money management strategies.
With customizable parameters, random entry options, and full compatibility across pairs and timeframes, it is a powerful educational tool.
However, the risks are significant, and it is best used for experimentation, testing, or controlled environments.
Always test extensively on demo or cent accounts before using martingale systems in live trading.
