EA Name: Martingale Alternate Lot EA (MT4)

🧠 EA Name: Martingale Alternate Lot Forex EA (MT4)

Shared by Dove Forex Markets
🔗 https://doveforexmarkets.com

💼 Overview:

The Martingale Alternate Lot EA is an intelligent, trend-sensitive automated trading system for MetaTrader 4 that combines moving average strategies with dynamic lot adjustments and martingale principles. Designed for serious traders, this EA capitalizes on market momentum while offering flexible money management options to suit different risk appetites.

🚀 Core Features:

📈 Dual Moving Average Logic
Uses customizable fast and slow MA crossovers for directional bias, helping traders enter trades with the trend.

🔁 Martingale Lot Sizing (Optional)
Automatically increases lot size after a loss using a controlled multiplier (Lot_Martingale) — ideal for recovery-based strategies.

📏 Candle Distance Entry Filter
Waits for price to pull back a set number of pips before executing trades, improving trade accuracy.

🎯 Smart SL/TP Placement
Automatically sets precise Stop Loss and Take Profit levels per trade, enhancing risk control and trade consistency.

🧠 Magic Number Enabled
Allows safe use on multiple charts without order conflicts.

📊 Built-in Spread Meter & Status Panel
Provides live visual feedback including account status, trade activity, and spread conditions.

⚙️ Configurable Inputs:

Lot: Base lot size

Lot_Martingale: Multiplier for lot sizing after a loss

MA_Fast / MA_Slow: Periods for fast and slow moving averages

MA_Distance_pips: Minimum distance from MAs to trigger entry

SL_pips: Fixed stop loss per trade

MagicStart: Unique identifier for managing trades

💡 How It Works:

The EA continuously evaluates MA crossover signals using recent candle data.

When conditions align, it opens a Buy or Sell trade in the trend direction.

If a trade results in a loss, the next lot size is multiplied (martingale), targeting recovery on the next signal.

If profit is made, lot sizing resets to the base.

Stop Loss and Take Profit are placed automatically upon entry.

All operations are hands-free — fully automated and optimized for smooth execution.

✅ Who It's For:

Traders familiar with Martingale or risk-stacking strategies.

Users looking for a blend of signal-based logic and automated recovery.

Traders who want a set-and-forget EA with solid SL/TP logic and clear visual panels.

⚠️ Disclaimer:

Martingale strategies carry a high level of risk and should be used with proper money management and capital planning. Always test on a demo account before using it live.

📥 Download now and trade with structure, control, and dynamic logic.
Dove Forex Markets — Automation Built on Strategy.

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