What is the Martingale Bot?

Overview

The Martingale Bot implements a 5-level trading strategy that uses progressive lot doubling to recover from losses while maintaining the same trade direction.

Strategy Description

Initial Configuration

• Initial Lot Size: Starting position size
• Take Profit (TP): Target profit in pips
• Stop Loss (SL): Risk threshold in pips
• Trade Direction: BUY or SELL based on strategy

Trading Logic

Level 1: Initial Trade

• Open trade with initial lot size
• Set TP and SL based on pip values
• TP Reached: Close trade (cycle complete)
• SL Reached: Keep trade open, proceed to Level 2

Level 2: First Recovery

• Keep Level 1 trade open
• Open new trade in SAME direction
• Lot Size: 2x initial lot size
• TP Reached: Close ALL open trades
• SL Reached: Keep all trades open, proceed to Level 3

Level 3: Second Recovery

• Keep previous trades open
• Open new trade in SAME direction
• Lot Size: 4x initial lot size
• TP Reached: Close ALL open trades
• SL Reached: Keep all trades open, proceed to Level 4

Level 4: Third Recovery

• Keep previous trades open
• Open new trade in SAME direction
• Lot Size: 8x initial lot size
• TP Reached: Close ALL open trades
• SL Reached: Keep all trades open, proceed to Level 5

Level 5: Final Level

• Keep previous trades open
• Open new trade in SAME direction
• Lot Size: 16x initial lot size
• TP Reached: Close ALL open trades (profit)
• SL Reached: Close ALL open trades (stop loss)

Example Scenario

Initial Setup: Lot 0.01, TP 50, SL 20, Direction BUY

Level	Lot Size	Action	Result
1	0.01	Open BUY	SL hit
2	0.02	Open BUY	SL hit
3	0.04	Open BUY	TP hit

Outcome: All 3 trades closed with profit