This Expert Advisor (EA) implements a strategy involving a sequence of positions aligned in a single direction, determined by the initial trade, either BUY or SELL. Subsequent entries are made at the most favorable prices, with an incremental volume increase following a Martingale-like approach. The series of positions, exemplified with SELL orders, continues until specific financial thresholds are met. Closure of the position series occurs when either a predefined maximum drawdown (in monetary terms) is achieved, indicating a loss, or when a target profit (also in monetary terms) is reached. This approach allows for potentially enhanced profit opportunities while managing risk through set financial parameters.
#MQL5 #MT5 #EA #Martingale

Read more...