Kestrel Martingale EA for MT4 With Controlled Lot Growth

Is Kestrel a martingale?

In structure, yes: when price moves against an open basket, the expert advisor adds positions with a growing lot. In behaviour, it is the controlled one: the increase per addition is small and capped, the basket closes together at one target, and the worst case is a measurement, not a surprise.

Kestrel EA is a grid expert advisor for MetaTrader 4: it opens from its own signal, adds to the basket in small, capped steps when price moves against it, and closes the whole basket together at its target. It never closes a single trade at a loss; until the basket closes, the loss is floating.

Like the kestrel that hangs still in the wind before it strikes, it holds the position calmly instead of cutting it — and the hold has a published price, below.

The worst moments, dated

Simulated on Dukascopy data, Horizon level, euros at fixed rates:

Portfolio	Worst floating loss	Deepest fall from an equity peak
EURUSD Patient, 2010 – Sep 2026	−€2,788, 21 Aug 2024	€2,788
K3, 2010 – Sep 2026	−€3,704, 22 Oct 2012	€3,647
K1, 2010 – Sep 2026	−€4,701, 14 Feb 2011	€4,650
Full portfolio, 2010 – Sep 2026	−€6,165, 4 Mar 2016	€6,114

The float and the fall are two different measurements and neither is ever substituted for the other. There is also a balance below which the broker closes this strategy for you — we publish it for both common account types, for every pair and every combination, on Kestrel EA Risk Management and Capital for MT4 Portfolios — and what we recommend is several times that balance. A worse episode than any in the record remains possible. Beyond the backtest, the software has run on two demo accounts since September 2026 — a forward test on demo, not a real account.

What happens if you start on the worst possible day

We opened a simulated account at every hour of the sixteen-year GBPUSD record, with the capital we recommend: every one of those starts survived to the end, in both variants. Below the recommendation, start dates appear that do not — which is exactly what the recommendation is for.

What you choose

• Pairs: EURUSD, GBPUSD, EURCAD and AUDCAD — choose your pairs, one to four in the same account, then Patient, Active or both for each.
• Variant: Patient adds to a basket less often and holds a smaller worst case; Active adds more often, returned more in the backtest and reached a larger worst case. Same rules, same basket close.
• Published portfolios: K3 (AUDCAD Patient + EURUSD Patient), K1 (AUDCAD Active + EURUSD Patient), Full portfolio (all three).

What each level assumes

Horizon (0.01 starting lot) €999 a year, Summit (×5) €4,999, Zenith (×10) €9,999, VAT included. For a single record the recommended capital is three times its worst case; for a portfolio, the recommendations of its records added up: from €8,500 (EURUSD Patient) to €42,800 (the Full portfolio) at Horizon, five times that at Summit and ten at Zenith — a recommendation, never a condition.

The method, with margin at the worst moment: Kestrel EA Risk Management and Capital for MT4 Portfolios. The drawdown record, date by date: Is Kestrel a Safe Expert Advisor? Drawdown and Worst Float.

Five steps, start to finish

1. Choose your pairs, then Patient, Active or both for each.
2. Choose the level whose recommended capital matches your account.
3. Buy the annual licence on Kestrel Forex Robot Price and Licence Levels.
4. Install on MetaTrader 4, on a VPS, and load the set file of your level.
5. Follow the record: every figure carries its date, feed and period.

For the arithmetic of the classic strategy, brand aside: Martingale Strategy in Forex: How It Works and Why Most Fail. The catalogue: Kestrel Expert Advisors for MT4.