Magic Grid MT5
- Experten
- Aliaksandr Charkes
- Version: 1.60
- Aktualisiert: 7 März 2023
- Aktivierungen: 10
Magic Grid MT5 is a non-indicator Expert Advisor using a grid strategy. The strategy is based on the automatic reopening of profitable orders placed with a certain step from the very beginning of the EA's work. The robot can trade on any timeframe, on any currency pair, on several currency pairs, on any number of signs. It does not interfere with manual trading or trading of other advisors. It works only with its own orders and provides all the necessary information about them as needed.
The Magic Grid dashboard, in conjunction with a system of various alerts, provides reliable control over the entire trade of the Expert Advisor. Using the panel itself, you can always check the declared number of orders and positions in relation to their actual market number. Depending on the situation, the advisor issues various reports about any important changes in its work or about errors that have occurred. For example, notifications are issued about the number of restored orders, if any of positions were closed at the time when the terminal was turned off, about exceeding the maximum allowed number of orders, about the fact that a pending order was not placed due to a too close price, etc. etc.
Settings
- First Price for BUY Grid - the initial price for purchases (if the value is 0, the current market price will be used)
- Quantity BuyUP levels from FirstPriceBuy - the number of Buy orders upwards from the original price (may be zero)
- Quantity BuyDOWN levels from FirstPriceBuy - the number of Buy orders down from the original price (may be zero)
- Step for BUY Grid - grid step between Buy orders (calculated in points of the selected pair)
- Take profit for each BUY order - take profit for each Buy order of the advisor (can be zero)
- Stop loss for each BUY order - stop loss for each Buy order of the advisor (can be zero)
- Lot for each BUY order - lot size for each EA Buy order
- Renewal for BUY orders - the ability to disable auto-renewal for buy orders
- The settings for the Sell Grid are identical to the settings for the Buy Grid
- Top dashboard - turning on the dashboard
- Top dashboard scale - dashboard size
- Text color - dashboard text color
- Background color - dashboard background
- Magic number - any group of numbers for the technical separation of the advisor's orders from all others (it is important to change when using the advisor on several currency pairs at once)
- Language - switch the advisor language (English or Russian)
- Comments for orders - custom comment for each advisor order
Testing
When testing an Expert Advisor in the Strategy Tester, you should take into account the limitation on the maximum number of orders for the selected broker. If it is exceeded, the EA will not place a single order!
All missed ticks only reduce the effectiveness of the advisor, because its work is based on volatility, and the lower it is, the less likely it is to fix possible profit.
Hi. I read somewhere here the settings to apply when the negotiations starts in negative but I'm not finding. Please help. I mean, when the 2 positions are opened the bigger one is on negative. Thanks.