GridGenius MT5
- Experts
- Nguyen Dai Phuc
- Version: 1.0
- Activations: 5
First and foremost, an experienced coder knows that no EA can automatically run at 100% and beat the market entirely. They require human intervention to be effectively controlled. This EA follows the same principle; if you let it run at 100%, you'll never consistently beat the market. If you expect to purchase my EA and let it run entirely on its own, then this EA is not for you.
Hello everyone, thank you for visiting our page. If you're a fan of Grid and Martingale-type Expert Advisors, then this EA is for you. It comes with many exciting features for you to explore and master the Grid trading method.
Availability and Versions: Available for MT5 platforms.
Which strategy do you like for your trading? Grid, Hedge, Martin, Trend, News....or...???
Each trading style has its own advantages and disadvantages. And if you don't understand it, it will be difficult to control the downside of each method, you will lose money.
GridMaster Pro uses the GRID method and it contains all the customizations you can tinker with to find a way to beat the market.
Recommendations:
- TimeFrame: Suitable for any timeframe.
- Pairs: Focused exclusively on EURUSD.
- Balance: Recommended minimum of $1000 USD for standard accounts or $10 for cent accounts.
- Leverage: Suggested leverage at 1:500 or higher.
Parameters:
Basic setting:
- Max Trades: Maximum number of trades allowed by the EA. Default is 100. Once this limit is reached, the EA stops placing new trades.
- Max Lots: The maximum lot size per trade is set to 20,000 lots by default. If a trade's lot size exceeds this limit, the EA will only place it with a size of 20,000 lots.
- Wait Until a Candle Closes (true/false): This setting determines whether the next trade will be placed only after waiting for the previous candle to close or not.
====Buy/Sell Setting====
- Lots:
- Open Order When...: This defines the conditions for entering a Buy/sell order. Simply put, the EA will initiate a Buy order when the current price is higher than the lowest price of the day by a specified pip range. The default range is set to 50 pips for each day from Monday to Friday. It's recommended to set a lower range on non-news days, such as 50 pips, and a higher range on news days, such as 200 pips. For example, if there is a nonfarm payroll report on Friday, you can set it up as follows: 50,50,50,50,200.
- Stop Loss by Pips: This sets the stop loss for each trade in pips. The default value is 0, indicating that no stop loss is required.
- Take Profit by Pips: This refers to the number of pips at which you want to take profit after the price reaches breakeven.
- Step by Pips: 5,5,5,6 - the distance between buy /sell orders.
- Lot Size Calculator From 2nd Order: This is an excellent feature of the EA.
- Method 1: DE - Distance From BE To Last Order by Pips: This means when the EA places an additional order, you specify the distance in pips from breakeven where you want the price to be. The EA then calculates the necessary lot size based on this distance. Default value is 14 pips.
- Method 2: Martin Ratio (used when method 1 = 0, default is 1.6): This is a common multiplier for additional orders in Martin-type EAs.
- Method 3: Customizable (used when both method 1 and method 2 equal 0): You can customize the multiplier for additional orders according to your preference.
We offer 3 methods to calculate the lot size from 2nd orders:
====Time Filter Setting====
- Date="1,2,3,4,5" 1: Monday...5 Friday
- Time Start
- Time Stop.
