How Martingale EAs Work: Basics You Should Know
A Martingale EA is an automated trading bot that follows the Martingale strategy, which involves doubling the trade size after a loss to recover previous losses and achieve a target profit. The bot works on MetaTrader 4 (MT4) or MetaTrader 5 (MT5) platforms, executing trades automatically based on predefined rules. Traders set entry conditions, lot sizes, stop-loss, and take-profit levels...