Well Martin

The Well Martin Expert Advisor looks for entries in a calm market and increases the lot after a loss.

Trading Strategy

• The EA is designed to trade in a quiet market.
• The EA trades using market orders, and exits positions using stop orders.
• StopLoss and TakeProfit levels are set through modification.
• After a losing position, the EA increases lot by KLot.
• If MaxLot is reached after a series of losses, the EA switches to the minimum lot set in Lots.
• If you set Lots to zero, the lot will be calculated based on deposit and the Risk parameter.
• The EA opens positions alternately, i.e. buy-sell-buy or sell-buy-sell.

The EA has been optimized on data for 01.11.2005-01.11.2010. Symbol EURUSD Н1.

Related signal monitoring: https://www.mql5.com/en/signals/195414

Settings of the Expert Advisor

Trading Lot Settings

• Lots - trading lot
• KLot - lot increase
• MaxLot - maximum lot
• Risk - risk management

Position Placing Parameters

• StopLoss - the stop loss value
• TakeProfit - the take profit value
• Slip - allowable slippage
• Magic

Indicator Settings

• ADXPeriod - period of the ADX indicator
• Level - level of ADX
• BBPeriod - period of Bollinger Bands
• BBDev- deviation of Bollinger Bands

Trading Time Overwrite

• StartHour - trading start hour
• StartMin - trading start minute
• EndHour - trading end hour
• EndMin - trading end minute

Error Handling

• MaxEntry - number of attempts to place an order
• LongPause - a long pause after an error
• ShortPause - a short pause after an error