Reversing Martingale EA – expert for MetaTrader 5
This Expert Advisor is based on a very popular but dangerous strategy which doubles the stakes after each loosing trade. Finally, if there is
enough margin, it will reverse into the direction of the current price movement and will eventually close in profit, compensating for the
entire loosing series.
An example of backtest with default settings:
User can change a few parameters, including lot size multiplier and target / stop loss in points:
This code can be used in both MetaTrader5 and MetaTrader4. Just change the file extension from .mq5 to .mq4 and
compile the file again.
The EA is automatically generated with Mission Automate – visual strategy builder. More info: https://www.mql5.com/en/articles/4951