Alpha Grid MT5 is part of the development of a system for automating various trading strategies related to grid trading and more. All advisors with the word "Grid" in the name have some basic functionality, which expands as the advisor becomes more expensive. That is, the more expensive the advisor, the more functional it is, and the more strategies it can implement.
At the moment, the hierarchy of advisors looks like this:
Magic Grid MT4 >> User Grid MT4 >> Elastic Grid MT4
Magic Grid MT5 >> User Grid MT5 >> Elastic Grid MT5 >> Master Grid MT5 >> Alpha Grid MT5
There are a lot of settings, but it's not as complicated as it sounds. The main thing is to understand what you personally want, rather than trying to adjust to what is available by default.
All settings are divided into separate groups, and each of these groups can be configured independently of the others. That said, for some of them, all incoming functionality can be enabled or disabled on a single line.
The more settings, the more strategies the Expert Advisor can implement. Moreover, different strategies can be combined with each other, which enables timely adjustment of the Expert Advisor to the current market situation.
Useful information:
Unfortunately, it is not yet technically possible to sort the input parameters of an EA into thematic roll-out lists. But it is possible to use ready sets of settings, editing and saving them in one file for the future. You can read more about how it works here >>
- Modes for tracking various trading values
There are no Expert Advisors that will always automatically earn for you by default. The settings can be successful for a while, but if you apply them thoughtlessly and for any situation, then one fine day you can drain the entire deposit very quickly ... sometimes in a matter of minutes.
A trader who has matured in order to meaningfully use automated trading must definitely learn how to use a strategy tester. It is this feature that allows you to most accurately select settings for predicted situations.
Note: My robots are well optimized to work in the tester, but if speed is really a priority, you need to turn off the display of graphic elements in them.
At the same time, in the tester settings in the < Modeling > parameter field, it is better to use the < Open Prices Only > in combination with the timeframe of the chosen accuracy (for example, M5). At the same time, you can choose higher timeframes for optimization, which will reduce the accuracy of testing, but will significantly speed up the process.
The settings are not transferred to any separate panels just so that they remain available in the strategy tester.
It is not recommended to test the advisor in the advisor tester simultaneously with the operation of the advisor in real time on any chart. In this case, the work of the advisor in the tester can affect the work of the advisor on the chart. To avoid this, it is best to use another copy of the entire terminal (both terminals can be launched simultaneously with different accounts).
- The default settings in any of my EAs are NOT the best settings! These settings are just for placing the Expert Advisor on the MQL5 marketplace, taking into account the specified restrictions!
- Before using the selected adviser on a real account, it is recommended to practice with its settings on a demo account in order to get a good idea of its reaction to various interventions and not get confused later with it during real trading.
- The advisor is not designed to work simultaneously on different devices. In some cases this is possible, but most of the functionality depends on various data that is stored directly in the terminal where the advisor was launched. That is, when you launch the advisor on any other device, some data may be reset. To avoid this, it is best to copy the entire terminal to another device.
- I try to make any settings intuitive and the dashboards should help a lot. But if you have questions about them, please ask them in general discussions so that incomprehensible points are clarified immediately for everyone. If I don’t answer in discussions (maybe I just don’t notice), then write in private messages.
