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.
Strategy Tester Report
Find below the Pure Martingale robot strategy tester report for the EUR/USD forex pair on the 15-Minute chart.
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.
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
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
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)