CodeBaseSections
Watch how to download trading robots for free
Find us on Telegram!
Join our fan page
Interesting script?
So post a link to it -
let others appraise it
You liked the script? Try it in the MetaTrader 5 terminal
to pocket
Experts

Ranged Grid Bot EA with pending orders - expert for MetaTrader 4

Alessio Fabiani
Views:
13125
Rating:
(4)
Published:
2023.09.03 13:40
Updated:
2023.10.02 17:34
RangeEA.mq4 (23.23 KB) view
Download as ZIP, How to download code from MetaEditor
Need a robot or indicator based on this code? Order it on Freelance Go to Freelance

UPDATE: v1.01

  • Added magic number
  • Added control on symbol (it can be now attached to different charts on the same account)
  • Added time control for trading
  • Added an option to forcibly close all the trades after the end hour

The EA creates a grid of equally spaced pending limit orders taking into account:

 - The current price; sell-limit above / buy-limit below

 - The trading range; computed by using the weekly highs and lows

The EA then manages the orders while they have been executed.

The logic is:

  • IF #EXECUTED ORDERS == 2
    OPEN NEW LIMIT AT THE PEN. PRICE
  • IF #EXECUTED ORDERS > TOT - 2
    RESET THE LIMIT ORDERS TO RANGE

 - check the video for the full strategy


Ehlers reverse EMA Ehlers reverse EMA

A trend or cycle indicator with very low lag.

Gaussian Low Lag Filters Gaussian Low Lag Filters

Gaussian Filter Multi Pole smoother of price data

Probability and Signals class Probability and Signals class

With these classes you can create and test your signals runtime.

MaybeAwo EA MaybeAwo EA

a Versatile automated trading tool for the MetaTrader 4 platform. This EA is designed to assist traders in managing their positions effectively by offering features such as setting a breakeven point, trailing stop, stop loss, and take profit levels. It works with various input parameters, allowing you to customize its behavior to fit your trading strategy.