The Pure Martingale Metatrader 4 Forex robot is an automated trading software that uses a martingale strategy with random buy/sell entry.
Nevertheless, the entry can be reprogrammed to suit your preference and further enhance trading results.
In a bid to withstand consecutive losses, the expert advisor increases the subsequent trading lot size as well as the take profit distance.
Although not a holy grail, the Pure Martingale EA is highly profitable.
You can also customize the input parameters on any symbol and time frame.
Free Download
Download the “Pure_Martingale.mq4” MT4 robot
Strategy Tester Report
Find below the Pure Martingale robot strategy tester report for the EUR/USD forex pair on the 15-Minute chart.
Overall Performance
The EA made a total profit of $6252.53 from a total of 262 trades. The largest winning trade generated $34.50 in profits, while the largest losing trade generated a loss of-$536.00.
Statistics:
Bars in test: 4754 ticks modelled
Initial deposit: $10000.00
Total net profit: $6252.53
Total trades: 262
Largest profit trade: $34.50
Largest loss trade: -$536.00
Consecutive wins: 261
Consecutive losses: 1
Download
Download the “Pure_Martingale.ex4” Metatrader 4 robot
MT4 Forex Robot Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: Expert advisor
Input Parameters: sl_tp, lotsMultiplier, Lots, MaxSlippage, MagicNumber, separator2, useTradingHours, Start Time, Stop Time, GMT_Offset, Monday, Tuesday, Wednesday, Thursday, Friday, Saturday, Sunday, ShowMenu, menuColor, variablesColor, font
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Type: Martingale
Installation
Copy and paste the Pure_Martingale.mq4 into the MQL4 Experts folder of the Metatrader 4 trading platform.
You can access this folder from the top menu as follows:
File > Open Data Folder > MQL4 > Experts (paste here)