Breakout Pending Order Martingale Forex EA - 5.5 times profit in 5 and a half months.
[Directional Anticipation] M5 chart with a 5-period moving average, using breakout pending orders and martingale strategy, targeting short positions on USD/JPY (5.5 times profit in 5 and a half months, stronger tolerance).
This EA only opens short positions and does not open long positions.
When users anticipate that a particular currency pair will start a downtrend, they can use this EA. If the anticipation is correct, it can yield significant profits.
The parameters of this EA can be adjusted. With the default settings, it won't margin call as long as there is no uninterrupted rise of more than 2000 pips.
Since this EA uses a martingale strategy for loss averaging with breakout pending orders, when the upward momentum is strong, the EA is likely to get a better entry price for averaging, so the stop loss points are usually set beyond 2000 pips. As the number of layers of averaging increases, the EA will lower the take profit points to increase the chances of getting out of the trade profitably.
In historical backtests, it has withstood rises of up to 3000 pips without margin calling.
When using this EA to profit, it is advisable to regularly withdraw and lock in profits. This way, even if a margin call occurs, a significant portion of the profits will be preserved.
Please note: After users withdraw funds, they should close the open orders so that the EA can re-enter trades based on the current account balance. Otherwise, there is a risk of margin calls.
[Tip] Different platforms may have different maximum lot sizes for individual orders in historical backtests (for example, I use IC with a maximum of 50 lots). When the account accumulates significant profits, the lot size of the averaging orders may exceed the limit, resulting in failed averaging. Therefore, when conducting historical backtests, it is best to set the initial capital to only $1000.
Installation Instructions:
After purchase, copy the Ex4 file to the MT4 platform's MQL4/Experts folder.
Restart the MT platform (or in MT4, go to [View] - [Navigator] - right-click on [EA Trading] - Refresh).
First, open the currency pair, drag the strategy onto the chart, and there is no need to open charts for other currencies.
There is no 100% accurate trading system in the world. Every excellent trading system also has periodic flaws. Having an additional reference signal is equivalent to having additional guidance and advice. I wish everyone success in their endeavors!
