Mr. Martin is a trading solution that was designed to make profits through MT4 or MT5 on Forex. There’s not much popularity for this robot on MQL5. So, we have decided to check it out.
Mr. Martin trading strategy
- The core strategy is cost averaging.
- We can use it on EURUSD.
- M15 is the main time frame.
Mr. Martin features
The presentation doesn’t care about providing us with solid explanations that would help us to understand how the system works.
- The advisor can execute orders automatically for us.
- The robot can work on MT4 or MT5.
- It’s “designed for quiet, investment trading over a long period of time. The Expert Advisor uses in its strategy the principles of averaging unprofitable positions, but due to the unique input system, several filters, and the deposit protection system, expressed in the SL_percent_balans parameter, is completely safe for your deposit.”
- The cost averaging strategy is one of the most risky ones. It doesn’t fit people with conservative trading goals.
- The system has its default settings optimized.
- The time frame should be set M1.
- GMT offset is +2.
- The balance has to include $1000.
- We can use it on any broker that we want.
- It works with any spreads. We don’t know how this is possible.
- Traders are recommended to trade on a Hedge account only.
- The spreads should be not higher than 10 pips.
There’s a discounted price of $360 instead of $560. The price is high compared with trading results from only a demo account. There are no subscriptions provided. We still can download a demo copy of the system.
Mr. Martin backtesting results
The system was tested on the four years of the tick data of EURUSD on M15. The broker was Alpri. The modeling quality was 99.90% with variable spreads. An initial deposit was $750. It has become $5919.49 of the total net profit. The profit factor is 3.75. The maximum drawdown was 11.27%. There were 689 orders executed with the accuracy of 74% for shorts and 73% for longs.
Mr. Martin live trading results
The robot keeps working on a demo account on a well-known broker for automatic trading – RoboForex. The leverage is 1:300 only instead of 1:500. The maximum drawdown is 46.1%. The maximum deposit load is unfriendly for conservative accounts – 89.5%. The accuracy is 73.5%.
The average holding time is one day.
The spike and the fall showed that there was high-risk trading.
The system used high risk trading to make profits. We may note that it can lose many orders in a row.
The advisor has executed 438 orders. The best trade was $13,308 when the worst trade was -$2,306. The recovery factor is 3.51 when the profit factor is 2.55. An annual forecast is 45.60% only when monthly growth is 3.76%.
The advisor opens orders on EURUSD. The sell direction is traded more frequently but provides less profits than the buy one.
The robot has been warned many times for improper trading activities.
Mr. Martin reputation
Vasiliy Kolesov is a dev from Russia with a 3417 rating. For five years after registration is a little rate. There are 11 products and 10 signals in the portfolio. They have a 5 star rate based on 9 testimonials.
This person didn’t like the system after purchasing it.
Mr. Martin review summary
- Strategy – score (4/10)
- Functionality & Features – score (4/10)
- Trading Results – score (3/10)
- Reliability – score (4/10)
- Pricing – score (5/10)
Mr. Martin is a cost-averaging system that works on a demo account with huge risks. We don’t know what profitability the system can show working on a real account under real spreads, slippages, and market conditions.
