Breakout Martin Gale Expert Advisor for mql4 – EA MetaTrader 4

The “Martin Gale Breakout” strategy is an Expert Advisor (EA) designed for trading in the Forex market. This EA combines a breakout trading approach with elements of the Martin Gale money management system to optimize trading performance.

Input Parameters:

• TakeProfPoints: This parameter allows you to set the Take Profit level in points for each trade.

• BalancePercentageAvailable: Specify the percentage of your account balance that will be used for trading.

• TP_Percentage_of_Balance: It determines the percentage of your account balance to be used as Take Profit for each trade.

• SL_Percentage_of_Balance: This sets the percentage of your balance to be allocated as the Stop Loss for trades.

• Start_The_Recovery: This parameter plays a crucial role in the recovery process, controlling when and how recovery measures are activated.

• TP_Points_Multiplier: A multiplier for Take Profit points, allowing for flexible profit-taking strategies.

• MagicNumber: An identifier unique to this EA, ensuring it can manage its own trades independently.

Strategy Highlights:

1. Breakout Trading: The EA specializes in identifying breakout opportunities in the market, where price movements breach key levels.

2. Dynamic Lot Sizing: Lot sizes are dynamically adjusted based on your account balance and risk preferences, following the Martin Gale money management principles.

3. Loss Recovery: The EA includes a powerful recovery mechanism designed to recover losses by adaptively modifying trade parameters when necessary.

The main function that is used in this EA is the CalcLotWithTP() function which has 3 input parameters: Takeprofit, Startprice, Endprice. It calculates the volume needed for the trade so that it achieves the profit goal when it enters a trade at the Startprice and exits at the Endprice.

Everything in the code is commented, so that the understanding of it is made easier.

I’ve made a youtube video about it: