Advisor to NewMartin. A completely new look at martingale
Martingale, as one of the most popular money management models, which made it possible to beat the casino for a short time, was quickly adapted to the stock market, and later to the forex currency market.
However, despite the fact that the model itself has been used for decades, only a small number of traders have tried to change the approach to its application.
At the moment, you can find two variants of martingale, a trend one, when a new order is opened in a new direction with an increased lot.
And flat, when a transaction with an increased lot is opened in the same direction until the advisor makes a profit on Forex.
The most interesting thing is that one or another martingale scheme drains either in a trend or in a flat, depending on the direction of the martingale.
NewMartin Advisor is a fully automatic robot for the MT4 trading platform, which is based on without indicator strategy based on a flexible martingale order distribution system.
A notable feature of the robot is the ability to change the direction of martingale transactions in any order, which allows you to obtain more stable parameters that will ensure many years of work without losing your deposit.
It is worth noting that NewMartin can work with absolutely any trading assets, but there is one limitation - it only trades one currency pair per account!
The choice of time frame depends entirely on the preferences of the trader and the desired profitability.
Installing the NewMartin advisor
The NewMartin trading robot, namely its first version, was first published in the MT4 developer library.
It is worth noting that there are practically no differences between the first and latest versions, however, at the end of the article you can download the latest update, and the first version is installed through the library.
Thus, the robot can be installed in two ways, namely through the library and through the data directory.
To install an advisor through the library, you just need to launch your trading terminal, open the “Tools” panel and go to the “Library” tab. Then you will need to perform simple sorting so that the list displays only advisors, and not mixed with scripts and indicators.
After sorting, find NewMartin in the list and use the additional menu as shown in the image below to download.
If installing the robot through the library is not possible, or you want to use the latest version of the robot, you can install it according to the standard scheme.
To do this, you just have to go to the end of the article and download the advisor file, and then place it in the appropriate folder in the terminal data directory.
After you have dumped all the files into the required folders, you will need to select the trading terminal in the “Navigator” panel or restart it.
After updating the platform, NewMartin will appear in the list of advisors, and in order for it to start trading, drag it onto the hourly chart.
Trading strategy.
Settings of the NewMartin advisor As we noted at the very beginning of the article, the robot is based on a simple martingale with flexible settings for the direction of martingale transactions after the stop is triggered.
So, when a new candle is formed, namely at its opening, the advisor places an order either to buy or to sell, depending on the specified code with a stop order and profit.
If the order is closed according to the stop order, the robot doubles the position volume for the next trade according to the scheme.
The NewMartin advisor has very simple settings, which are very easy to optimize in the future.
So in the line “Trade order volume” you can set the lot for your first trade in the martingale series. In the line “ Take profit from price” and Stop loss in % of price” you can limit the loss by setting a percentage value by which the price can deviate from the value at the time of opening the position, and also set the required profit as a percentage.
The “Lot increase coefficient” variable allows you to set a multiplier for each new order of the scheme if the transaction is closed by a stop order, and not by profit.
The “Maximum order series length” variable allows you to limit the number of multiplications if the advisor creates an unsuccessful series. The “Operation Scheme” variable allows you to specify in what sequence the robot will open orders, either to buy or to sell.
So, if you set it to 0, the advisor will buy, and if you set it to 1, it will sell. By specifying a combination, you prescribe its logic of operation, namely the martingale. Testing the Expert Advisor
As a simple experiment, we tested the NewMartin robot on the history of the Euro/Dollar currency pair.
Testing took place on an hourly time frame for 2017.
The robot’s settings were set by default, and what came out of this is shown below:
In conclusion, it is worth noting that NewMartin, unlike the classic martingale, allows you to set your own order opening scheme, namely the direction of transactions, which in turn makes it possible to build a more flexible money management system.
Download the NewMartin advisor .