I was wondering if someone could create a very simple EA. its based on a martingale strategy but without opening multiple orders, the EA would work like this:

1- Open Long/Short
2- Set a SL and TP (ex. SL 10 pips - TP 10 pips)
3- If SL is hit another order is open oposite the first order with the same SL and TP but doubling the lots
4- This goes on until TP is hit, once is hit it starts over.

Its pretty simple, ive been trading like this for a while and it works, i hope someone can create this EA it would be amazing!!

Thanks!!

I had this made which might work for you but you may have to modify it a bit with the lot size.

Attached Files

PowerSM.mq4 (8.2 KB, 113 views)

It does look like what im looking for, but how do i get it to start trading ?? it says Time Entry and Price Entry what do those mean ?

Thanks!!

If you set time entry to true it won't place a trade until that time. Price entry is where the EA will not place a trade until it reaches that price. With both inputs set to false, I believe it places trades immediately. If you know a good coder, he can probably remove those inputs and also the account and expiration protection.

Hi all,

Can you modify this EA to move SL to Breakeven+5pips (lock 5 pips after BE) when it get 10 pips in profit?

Thank you.

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David

Great thanks ! i got it working now !!.. hey do you know what does the breakeven function do ? and the order tries number ?

Thanks again!