A Moving-Average Martingale Expert Advisor with Layered Entries

Summary

This document describes a forex expert advisor that uses two moving averages to determine trade conditions. If price moves against an open position by a configured pip distance, the system opens another trade in the original direction and repeats the process until it closes the basket for profit. Users can configure the initial lot size, the distance between entries, a lot multiplier, maximum number of trades, and take-profit settings. Several versions add features such as trailing stops, equity stops, or alternative lot sizing; a hedge protocol offers basket profit and loss thresholds.

The description provides parameter ranges and recommends trying the EA on a demo account. It claims that entries occur on new candles and identifies the daily timeframe as preferred, but offers no backtest or live performance evidence to support those claims. The core approach increases exposure as price moves adversely, so its configured limits and loss controls are central to its behavior. The text's suggestion that candle-based entries make it safe should not be treated as evidence that martingale risk has been removed.

Key ideas

• The EA uses two moving averages to determine trade conditions and adds positions when price moves adversely by a configured pip step.
• The lot size can be repeated or multiplied at each entry, subject to a maximum trade count.
• Optional controls include basket profit and loss thresholds, trailing stops, and equity stops.
• The document provides configuration ranges but no historical or live results to establish performance or safety.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.