The Martingale VI Hybrid Metatrader 4 Forex robot is an automated trading software that trades in accordance with the conditions of two Moving Averages.
The Martingale VI Hybrid forex robot adopts an algorithm that opens a position in the same direction as the first trade if it heads in the opposite direction following a specified number of pips.
The underlying code that represents the Martingale VI Hybrid EA iterate itself until a profit is taken.
However, it’s safe using this forex robot considering that it opens just a single trade with a new candle, thereby avoiding multiple trades.
The Martingale VI Hybrid forex robot works on all forex pairs and all timeframes as well (although the daily chart is preferred).
Strategy Tester Report
Find below the Martingale VI Hybrid forex robot strategy tester report for the GBP/USD forex pair on the daily chart.
The EA made a total profit of $2750.89 from a total of 552 trades. The largest winning trade generated $73.30 in profits, while the largest losing trade generated a loss of-$196.15.
Bars in test: 2061 ticks modelled
Initial deposit: $10000.00
Total net profit: $2750.89
Total trades: 552
Largest profit trade: $73.30
Largest loss trade: -$196.15
Consecutive wins: 14
Consecutive losses: 2
MT4 Forex Robot Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: Expert advisor
Input Parameters: TP value of each trade in this Martingale EA, Distance in pips which will open a new trade, “The value of the initial lots, will be duplicated every step“, Multiplier value every step of new trade, Maximum trades that can run, str5, Fast moving average(in pips), str6, Slow moving average(in pips), Close Maximum Orders, Magic Number
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Copy and paste the MARTINGALE VI HYBRID1.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)