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Sprut - expert for MetaTrader 5

Published by:
Vladimir Karputov
Views:
4517
Rating:
(22)
Published:
2018.10.25 15:02
Sprut.mq5 (35.3 KB) view
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The author of the idea - Andrey

mq5 code author - barabashkakvn

ATTENTION: By default, grid trading is completely FORBIDDEN, i.e. Use buy stop, Use buy limit, Use sell stop and Use sell limit parameters are set to "false". First, you need to select your type of grid (type of pending orders) and select the best parameters: step, volume, etc.

The EA places a grid consisting of pending Stop and Limit orders.

Grid features: the first pending grid order can be placed at the Firstxxxx price or at a certain DeltaFirstxxxx distance from the current price. If Firstxxxx exceeds zero, the DeltaFirstxxxx parameter is not considered, and vice versa, when Firstxxxx is equal to zero, the DeltaFirstxxxx parameter is activated.

You can:

  • enable/disable pending order types: Buy stop (Use buy stop), Buy limit (Use buy limit), Sell stop (Use sell stop) and Sell limit (Use sell limit). 
  • set a separate step for pending Stop and Limit orders (Step stop and Step limit
  • different volume for the first pending Stop and Limit order (Volume stop and Volume limit)
  • equal volume ratio for pending Stop and Limit orders (Coefficient stop and Coefficient limit)
  • disable stop loss (Stop Loss) and take profit (Take Profit) - to do this, set the parameter to "0.0"

Stop loss (Stop Loss) and take profit (Take Profit) can be disabled. To do this, simply set the parameters to "0.0".

The lifetime of a pending order in minutes (Expiration) - if "0", it is not considered.

Closing all open positions and deleting pending orders are possible in two cases:

  • a profit reaches Profit Close
  • a loss reaches or exceeds Loss Close

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/22100

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