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Mr. Martin is a Forex expert advisor that runs on both MT4 and MT5 trading platforms. As per the vendor’s claims, this robot follows a safe trading approach. While the MT4 version was launched on November 3, 2018, the MT5 version came out on October 11, 2020.
The developer behind this system is known as Vasiliy Kolesov. This person is a resident of Russia and he has been selling products on MQL5 for more than five years. We don’t have much background information on this person and it is unclear whether they work alone or as a part of a team. Some of the other robots sold by this vendor include EA Monolith and Yellow mouse scalping.
This is a 100% automated expert advisor that is designed for long-term investment traders. The default settings of this robot are optimized for the EUR/USD pair. According to the developer, you should run it on M1 charts and set the time zone to GMT+2.
You don’t need to perform any additional optimization to trade with this expert advisor. After installing the robot, you don’t need to worry about making manual inputs. You can get started with a minimum deposit of $1000.
There are two kinds of settings for this robot, namely conservative and aggressive. You can get in touch with the developer to get these settings. Mr. Martin opens and closes trades on a closed bar. As such, you can make it work with any spread and broker. The EA is designed to work on hedge accounts and you should not use it on netting accounts. Your spread should not be more than ten because it will reduce the profit.
Trading strategies and currency pairs
The strategy is based on the principle of averaging unprofitable trading positions. It has a unique input system, multiple filters, and a deposit protection system. You can set the stop loss percent balance parameter. The vendor has not clearly explained the details of the trading strategy and this prevents us from accurately analyzing profitability.
Backtesting results of EUR/USD on MQL5
This backtest was conducted on the EUR/USD pair from January 2014 to October 2018 for the M15 timeframe. The EA conducted a total of 689 trades, winning 528 of them. This means it had a win rate of 74.43%. Using an initial deposit of $750, it generated a total profit of $5919.49. We can see that the relative drawdown for this test was a bit high at 28.17%, and this tells us that the EA was following a risky strategy.
Mr. Martin trading statistics
Growth chart of Mr. Martin on Myfxbook
This trading account on Myfxbook was launched on February 11, 2019. The EA has conducted 535 trades to date, winning 73% of them and generating a total profit of $45,927.28. Compared to the backtest, the win rate is slightly lower. This account has experienced a growth of 458.96%.
Currently, the daily and monthly gains are 0.16% and 4.78%, respectively. The drawdown is a bit high at 26.26%, indicating a high risk of ruin. While the profit factor is quite high at 2.54, the Sharpe Ratio is 0.18.
Trading results of Mr. Martin on Myfxbook
Here we can see the recent trades conducted through this account. The EA trades with a lot size of 0.55-1.83, holding trades for an average of one day. It wins large profits only when the lot size is larger. We can also see that the robot is prone to suffering consecutive losses. The average win and loss are 21.24 pips/$194.80 and -35.86 pips/-$204.44, respectively.
Pricing and refund
You can purchase this robot for the price of $360, which is quite close to the market average price for Forex EAs. Although there is a free demo version available for download, the vendor does not offer a money-back guarantee.
What else you should know about Mr. Martin
User reviews for Mr. Martin on MQL5
Unfortunately, we couldn’t find any user reviews for this expert advisor on websites like Trustpilot, Forex Peace Army, Myfxbook, and Quora. There are a few reviews from users on the MQL5 website. However, we have no way of confirming their authenticity.
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