Jast Martingale MT5

In this article, we will be reviewing the Jast Martingale MT5, an expert advisor designed to provide advanced support settings for curbing the Martingale system in forex trading. The Jast Martingale MT5 offers a wide range of additional support settings that can help traders effectively manage and control the risks associated with the Martingale strategy.

Key Features of Jast Martingale MT5

The Jast Martingale MT5 is an enhanced version of the free Jast Martingale EA available on the MQL5 market. While the mechanism remains the same as the free version, the advanced support settings in this paid version provide traders with more control over their trades.

One notable feature of the Jast Martingale MT5 is that it prevents traders from losing their entire deposit at once. With the right settings, this expert advisor ensures that the Martingale strategy is implemented responsibly to minimize potential losses. This makes it a suitable tool for traders who want to utilize the Martingale system without exposing themselves to excessive risk.

The Jast Martingale MT5 can be used with a minimum investment of $100, offering flexibility for traders with different capital sizes. However, it is important to note that the default settings of the expert advisor are optimized for the EUR/USD currency pair on the M1 timeframe with 5 decimal places. Traders can choose to use other currency pairs with high volatility according to their trading preferences.

Testing and Compatibility

When testing the Jast Martingale MT5, it is advisable to use third-party tick data or a demo account. This is because the tick data provided by the MT5 terminal may contain errors that can affect the accuracy of the testing results. By using reliable data sources, traders can obtain a more realistic picture of the expert advisor’s performance.

The Jast Martingale MT5 is compatible with the MetaTrader 5 platform, offering traders access to a wide range of trading tools and features.

Settings and Parameters

Here are some of the key settings and parameters of the Jast Martingale MT5:

• Lots: Determines the lot size of the order (ignored if LarryWilliamsMethod is set to true).
• LarryWilliamsMethod: Enables the use of the money management method (the Lots parameter is ignored if set to true).
• Lwrisk: Sets the percentage of risk, recommended between 5% to 20%.
• Lwpart: Specifies the part of the deposit for which the lot will be calculated.
• Only_BUY/Only_SELL: Allows opening deals only on a Buy/Sell signal.
• maxStartLots: Sets the maximum allowed lot size for the first order of the series.
• maxLots: Limits the maximum allowed lot size of subsequent orders in the series.
• maxOrders: Specifies the maximum number of orders in a series.
• TakeProfit: Sets the take profit level in points.
• StopLoss: Sets the stop loss level in points (0 disables stop loss).
• VirtualTP: Enables the Expert Advisor to set a virtual take profit level.
• Multiplier: Determines the Martingale multiplier for subsequent orders.
• Step: Sets the step for placing the next order.
• MultiplierStep: Specifies the multiplier step parameter.
• Slippage: Sets the allowable slippage level.
• Spread: Determines the spread at which the EA will work.
• Magic: Sets the magic number for the EA’s orders.
• Comment: Allows adding a comment to the orders.
• StartHour/EndHour: Specify the trading hours.
• Period_MA/MA_Method: Sets the period and method for the MA indicator used for opening a trade.
• speedOpen/powerOfMovement: Sets the rate and strength of price change for opening an order.
• Lock/Order No: Enables locking and sets the number of orders in the series at which locking starts.
• MultiplierLockLots/MultiplierTP: Determines the multiplier and take profit for protective orders.
• Enable_Save_Deposit: Enables the security logic to protect the deposit.
• Drawdown_In_The_Currency/Drawdown_In_The_Percent: Sets the parameters for fixing losses during drawdown.
• DepositProfitStop/DepositLoseStop: Specifies the target profit and acceptable loss amounts.
• StopTrading: Stops the EA when reaching the specified drawdown levels.
• EveryDayCloseOrders: Closes orders at a specified time every day.
• FridayTradeOff/HourEndFriday/CloseAllOrdersInFriday: Controls trading on Fridays.
• MondayTradeOn/HourStartMonday: Starts trading on Mondays at the specified time.
• On_News_Filter/BeforeNewsStop/AfterNewsStop: Enables a news filter and sets the time before and after news releases.

Conclusion

The Jast Martingale MT5 offers advanced support settings for traders looking to curb the risks associated with the Martingale system. With its wide range of customizable parameters, traders can tailor the expert advisor to their trading preferences and risk tolerance. However, it is important to note that like any trading tool, the Jast Martingale MT5 should be used with caution and proper risk management strategies.

Frequently Asked Questions

Can I use the Jast Martingale MT5 with any currency pair?

Yes, the Jast Martingale MT5 can be used with any currency pair that exhibits high volatility. However, the default settings are optimized for the EUR/USD pair on the M1 timeframe with 5 decimal places. Traders can adjust the settings to suit their preferred currency pairs.

Can I test the Jast Martingale MT5 in the MT5 strategy tester?

While you can test the Jast Martingale MT5 in the MT5 strategy tester, it is recommended to use third-party tick data or a demo account for more accurate results. The tick data provided by the MT5 terminal may contain errors that can affect the testing outcomes. By using reliable data sources, you can obtain a more realistic picture of the expert advisor’s performance.

Where can I find independent testing of the Jast Martingale MT5?

You can find independent testing of the Jast Martingale MT5 on the forexroboteasy.com website. There, you can access detailed information and performance results of the expert advisor. You can also subscribe to updates on the testing results to stay informed about its performance.

Can I share my experience of using the Jast Martingale MT5?

Absolutely! We encourage you to share your experience of using the Jast Martingale MT5. By sharing your insights and feedback, you can contribute to the trading community’s knowledge and help others make informed decisions about this expert advisor.