Market / MetaTrader 4 / Experts /

Grid EA with Smart mode

50 USD

Demo downloaded: 330

Published: 2 October 2017

Current version: 1.0

Grid EA with Smart mode

Experts
Dmitriy Tyunin
Version: 1.0
Activations: 5

The Grid EA (with smart mode) is based on a strategy with a dynamic grid channel that can withstand long absence of rollback. The robot can be used for trading any instruments after a proper optimization. With default parameters, it is recommended for: EURUSD, EURJPY, CADJPY, GBPUSD NZDUSD.

Monitoring of EA trading: https://www.mql5.com/ru/signals/538873

Key Features

Fully automated trading
Customizable deposit protection
Forced order closing and planned trade pauses
Virtual Take profit and Stop loss levels
Timeframe: any

Description of EA Parameters

AllowBuy – enabling/disabling Buy orders
AllowSell – enabling/disabling Sell orders
LotsBuy – initial lot value for Buy trades
LotsSell – initial lot value for Sell trades
StepForBuy – step for the grid of Buy orders
StepForSell – step for the grid Sell orders
EnExtGrid – enable increase of the grid step by the specified StepPlus value for each new orders, calculated by the formula StepPlus*N, where N is the grid step number
StepPlus – the number of points to increase the grid step
StepMinus – if the parameter is set to zero, the Take Profit level of a series of orders will be set at the level of the last but one order. Otherwise, the parameter value determines the number of the grid step from which the Take Profit level is shifted by the spread size of the traded instrument towards a decrease in profit. It is recommended to find the optimal parameter value in the MT4 terminal strategy tester for a specific broker
MaxOrd – maximum number of orders in one grid
MinBal – the minimum account balance Ef during robot launch the account balance is less than the specified value, a notification will be shown and the EA will be automatically unloaded from the chart. If during trading, the current balance falls below the specified value, all open positions will be closed, and trading will be completely stopped
MDD – the maximum size of the total drawdown on the instrument. If the value is reached, all open positions on this symbol will be closed. The EA operation will automatically resume after the number of hours specified in the Pause parameter
Pause – the number of hours to stop trading after the trigger of MDD
APT – enable/disable the smooth end of trading. After the specified time (D_close and Begin_h), the EA will continue trading its existing grids, but new grids will not be opened. Trade resuming day is set in D_open
PZT – enable/disable forced closing of positions if there are any after the end of APT. After the specified time ( End_h), all open symbol orders will be closed
D_close – the day of the week when the APT function starts working
D_open – the day of the week on which trading is resumed after a pause
Begin_h – the start hour of the APT function operation
End_h – PZT trigger hour
Infor_color – set the font color
Infor_font_size – setting the font size for the information text
X1 – horizontal shift of the indication block

Attention

Magic Number is set automatically.
When preset risk % is reached, all deals are closed, trading is stopped!
Requirements for the trading conditions:

Any broker, account types: ECN, MTF, DMA, NDD, market execution and minimum spread
Recommended leverage: 1:500 and more
Recommended deposit: $120 and more (for cent accounts).

Author

IPA Investments LTD specializes in innovations of software in the sphere of trading both for own requirements and for implementation of tasks of corporate clients.

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