SWB Martingale EA (SWB Martingale EA) | Martin EA download- MT4/MT5 resources

Hello everyone,

I started this step to discuss the SWB EA written by Totom Sukopratmo at the request of some members so as not to clutter up NanningBob's other great post.

Basically, this is a martingale EA. It uses Bollinger Bands, Stoch and RSI to identify entry points and trades on the 5-minute EURUSD time frame. Its depth is set to 10 levels, 0.1 lots per lot, and 25 points per lot. This could result in a loss of over 5K. However, the Euro rarely moves 215 pips without a small retracement between 10 and 25 pips, and this is where the EA can profit.

Applies to EUR USD only. TP is set in currency rather than points, in this file it is set to 5 euros.

It is recommended that you run some backtests against EURUSD only on the 5 minute timeframe to see if it is a winner and if it can be strengthened in any way.

Of course, many thanks to Totom for creating and sharing this ea. The code is very professional.

Sincerely.