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Quadro Multi Grid Scalper

4.2

We never know what market price will go on next second. That's why a trader needs to find a good way to have a good exit strategy.

Quadro Multi Grid Scalper is a High Frequency Grid scalper using Dynamic Fibo Level, with only 3 maximum Opened order each cycle, will make less risk to your account.

This EA uses Averaging exit system with changable martingale settings, and uses total profit target to closing all.

Recommended Broker Parameters:

  •  Low spread less than 1 pip (you will have fast open and fast closing for your order with such a low spread broker).
  •  Low Stop Level.
  •  Lot Step is 0.01.
M30 time frame is recommended for use with this EA.

Good money management is needed for this EA, as long as your first initial balance can handle higher lot. It is safe for your Equity.


Parameters of the EA, (Default):

  1. Ukuran Candle Fibo (Points) = 500, is minimum Previous candle size to draw fibo level
  2. Time Frame Candle Fibo  =  PERIOD_M30 , is TimeFrame_Fibo
  3. T arget Harian Dalam Mata Uang  = 50, Daily target is 50 usd (or account currencies), daily target in money
  4. Tester_First_Deposit  =  400000, your tester first initial balance, set it if your tester initial balance is different
  5. Start_Hour   = 1, EA start at 01:00 broker server time
  6. End_Hour  = 23, EA stop working at 23:00 broker server time
  7. First_Lot  = 0.01, first time lot size, for first time open position
  8. Magic_Number_Sell  = 2222, magic number first open sell
  9. Magic_Number_Buy  = 8888, magic number first open buy
  10. Buy__Order_Comment  = Buy iskander, Buy Open Order Comment
  11. Sell__Order_Comment  = Sell iskander;, Sell Open Order Comment
  12. Marti_Lot_Pertama  = 3.0, first martingale is 3 times of last closed/opened lot
  13. Marti_Lot_Kedua_dst  = 2.0, next martingale is 2 times of last closed/opened lot
  14. Activate_Profit_Target  = true, make it always true to activate profit target to closing all
  15. Profit_Target  = 25, EA will closing all opened order at 25 usd (in money)
  16. Max_Spread_Allowed  = 10000000, maximum allowed spread in points
  17. bool   Monday  = false set to true for no trade at monday
  18. Tuesday   = false set to true for no trade at tuesday
  19. Wednesday   = false set to true for no trade at wednesday
  20. Thursday   = false set to true for no trade at thursday
  21. Friday   = false set to true for no trade at friday
  22. Saturday   = false set to true for no trade at saturday
  23. Sunday   = false set to true for no trade at sunday







































































































































































Reviews 5
fxrobi
67
fxrobi 2016.01.14 11:51 
 

Very good EA. You need to find out correct settings for your personal style and risktolerance.

I like it very much.

Lukas Melka
516
Lukas Melka 2015.08.05 15:24 
 

Clever scalping EA.

Wolfgang Rockert
2317
Wolfgang Rockert 2015.06.08 17:51 
 

Yes, new Vers. is very clever, i test the EA on the Backtest with many Different and Bad Startpoints like High Volatility etc. EA react very clever! Use them on Live Account!

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Launch promo! Only 2 copies left at current price! Next price: 1533 $ Final price: 1993$ Buy US30 Scalper and you could get Quantum Algo Trading or Nasdaq Algo for free ! => Contact after purchase Live signal:  https://www.mql5.com/en/signals/2220893?source=Site+Profile+Seller MT5:  https://www.mql5.com/en/market/product/107337?source=Site+Profile+Seller More analytics:  https://www.mql5.com/en/blogs/post/756452 For more top Expert Advisors and Indicators, visit:   https://www.mql5.com/en/use
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MACD is well known indicator that still can be use for prediction where price will go next few minutes, hours or even weekly  With colored bar of Macd, your eyes can easily catch when color is changed based what market price movement to find any early trend on market. here is the parameter of the indicator: TF_MACD , default is 1 Hour , this mean you can see clearly MACD of 1 Hour TimeFrame on Lower TimeFrame. InpPrice , default is Price Close , this is original MACD parameter from Metaquotes st
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Nusantara Sidru Makdud
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So many EA and Copy Signal are using Averaging Grid system with martingale or even using flat lot size, they have pips difference in vary, also the way they put order 3-5 in same time at one time, that's all make a time bomb soon or latter will blow your account. Here is the link on mql5 signal that use This EA :  https://www.mql5.com/en/signals/1850760 https://www.mql5.com/en/signals/1850763 https://www.mql5.com/en/signals/1823152 Iam here with my experience about more than 8 years, i've found
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Syarif Nur Arief
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This indicator will automatically draw 4 Fibonacci levels on the chart. Dynamic Fibonacci will be drawn on the last of zigzag line. Static Fibonacci will be drawn on the 3 last of zigzag line. Fibonacci projection 1 and 2 will be drawn on the last zigzag line also. This way, you can see several Fibonacci level to get prediction of next support and resistance of market price. Indicator does not work if less than 500 bars are available. Parameters Zig_Zag_Parameter Depth - Zig zag depth paramete
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fxrobi
67
fxrobi 2016.01.14 11:51 
 

Very good EA. You need to find out correct settings for your personal style and risktolerance.

I like it very much.

cyberryder
1035
cyberryder 2015.12.29 12:42 
 

Tested Version 76:

Basically it's a Grid Scalper with an optional Martingale element like there are 100th on the market, which all blow one after another. Means, that like all the other Gridscalpers, you are betting on little constant gains VS. full and GUARANTEED account blow one day. This is true for grid only, and with martingale set to ON you blow quicker of course.

PRO

- Vendor is improving the EA + is very responsive + helpful + build a PDF manual on how to set-up the EA

- Build in mechanism to delay trading during spikes (news) works great and prevents building up huge baskets

- Cutt-off DD feature works great, saves your account from blowing

- EA has a build-in hedging mechanism for the grid so that DD is reduced and trades both directions independently

CON

- EA has huge issues with big weekend GAPs, if a larger grid was still open at friday close, account can blow can happen immediately at Monday open, or you have such a big DD, the EA is no more capable to close the grid. No safety feature included to prevent this. Closing all positions manually at friday close is not a good solution, as with a huge basket you'll loose more than you earned over the week. What could help, is an auto-hedging feature of the whole open basket at market close, but you still will have to close the grid.

- Entry signal indicator: RSI causes ~half the DD of price action signal. You need to set RSI=ON and PriceAction=FALSE.

- MM Risk (with martingale 2x): 5% blows after some hours. 3% blows after some few days. 1% survives at least a month. 0.5% blows after 2 months

- DD cut-off: Works as it should, but the gains are so tiny, you need ~400 trades without additional cut-off to make up for a 20% cut-off, only to be back at zero, so it's worthless.

- TF: M1 makes nearly double the amount of trades, but DD is a lot higher and blows quicker. M5 is much safer, i did all testing on M5, EURUSD.

- Grid: EA has 3 grid modules. Each is allowed to open max 30 orders. This is the limitation of the EA. Means, if any situation arises where the EA would need more than 30 orders to close the grid, this is a blow risk. Those 30 orders consists of the initial direction as well as hedge orders. Best is to use a broker, which does charge you margin for hedged-orders (you have 2 hedged positions open, margin is 0, you only carry a fixed floating DD). You can up the order amount, but this is also increasing the risk - there is no guarantee that with more orders the EA will be able to close a specific risk. There will always be a grid, some day, where you have too few orders.

- Martingale: The limitations of the grid... this is where martingale steps in. My testing showed, you need martingale feature ON, to not ran into trouble with open order limitation and big DD. Martingale however is extremely risky by itself. A multiplier >2 can not be traded safely. But otherwise it seems you need 2 to close the grids quickly. Safest is 1.1, but this leads to huuuge and looong DD periods. I tested 1.1, 2, 5, 10. Issue with 1.1 multiplier is that you need minimum 0.05 start lot, so that multiplier works correctly and the next lot is 0.06. Means you need a 10k account at 0.5% risk or you take a cent account.

Conclusion: Best feature of this EA is the delay mechanism. Even on a standard 10k account with 0.5% risk an 1.1 martingale multiplier you'll have 50% DD and more and account blow VS. tiny gains. Without additional safety features it's not worth to run this EA. With all combinations i tried, I did not manage to run the EA without blow longer than 2 months. Even with regular withdraws, you'll withdraw some 100 EUR vs. account blow of 10k. My test ends here. Without major additional safety features, this EA is pure gambling, so i can't give more than 1 star.

Lukas Melka
516
Lukas Melka 2015.08.05 15:24 
 

Clever scalping EA.

Wolfgang Rockert
2317
Wolfgang Rockert 2015.06.08 17:51 
 

Yes, new Vers. is very clever, i test the EA on the Backtest with many Different and Bad Startpoints like High Volatility etc. EA react very clever! Use them on Live Account!

Andrew Lee
2168
Andrew Lee 2015.05.12 09:02 
 

Excellent scalper with clever grid/martingale options. Extremely good after sales support from vendor too - very helpful and responsive. There's a lot of options to play around so you can customise this many ways to suit your trading style. Personally I trade for a few hours during the less volatile times, grab a 1 or 2% gain on my account, and the EA stops trading for the day.

Reply to review
Version 97.79 2023.10.11
1. Max open only 3 open.
2. Have Stop Loss
Version 96.12 2023.08.28
Totally Change for all feature and paramter, soon will update the parameter description on review page.
now using Fibo level for max total 3 of opened order.
Version 92.3 2021.01.18
fixes the bugs
Version 77.3 2020.12.28
New features, add not use martingale and hedge opposite at some choosed total open.
Version 76.0 2015.12.22
1. All parameters of the version 75.0 have been left intact.
2. Added New parameter "Auto Cut Lost", default is 10 in percent, that mean if your current balance is lost 10%, EA will closing all opened order automatically and system will refresh make new first order again.
3. Bugs fixes for new MT4 build 940.
Version 75.0 2015.08.20
Just Default parameter has been changed
Version 72.0 2015.07.06
All parameters of the old version have been left intact.

Rev. 72. Added the new parameters:
1. Time Filter Parameter - trade at specific time only.
2. Day Filter - trade at a selected day only.
Version 6.0 2014.12.23
- Added Parameter to use Hidden TP or not (New feature)
- Added Stop Loss parameter for all grid orders (New feature)