MT4 Strategy Builder
- Utilities
- Jacobus Van Schoor
- Version: 6.10
- Updated: 16 March 2022
- Activations: 5
MT4 Strategy Builder ('StratBuilder') is a grid-trading order management utility which runs on the MT4 platform.
This product is now also available on the MT5 platform: https://www.mql5.com/en/market/product/68858
It is strongly suggested that a virtual private server (VPS) be rented from MQL5 and that the setup on the trader’s computer be migrated to the VPS, to allow StratBuilder to run 24/7.
The unique StratBuilder concept:
A basket of trades is opened at predetermined price levels (ring-fenced per symbol and trading direction) and profit taking occurs when a targeted percentage profit on account balance OR equity is reached, at which point all positions are closed simultaneously and a new basket of trades is opened. Please select this link to watch an introductory YouTube video: https://www.youtube.com/watch?v=4IgkdZKk25k
Sample strategy parameter .set files can be downloaded from our MQL5 blog (default parameters when first downloaded is sample strategy 4, for the EURUSD pair, optimised for the trading conditions specified on the blog)
Selected control features are outlined below:
INPUT | INDICATIVE PARAMETER VALUE | FUNCTION |
---|---|---|
|
|
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Lotsize | True | If ‘True’, lotsize is determined dynamically as percentage of free margin |
Lotsize | 0,7 | Fixed lotsize (measured in lots) OR percentage of free margin to be used per trade |
Trading | Long + Short | Trader selects the direction of trading: |
Isolate | True | If ‘True’, profit on LONG & SHORT trades are calculated separately |
Level | 100 | Number of points between price levels at which trades will open |
MaxProfit | 0,7 | Targeted percentage profit on account balance at which all positions for the symbol will close, before a new basket of trades is |
Global MaxProfit | 0.7 | Targeted percentage profit on account balance at which ALL positions on ALL symbols traded concurrently, will close |
Close on | 0,7 |
|
Trend | True |
|
Close on trend change | True |
|
Hedge enabled | True | If 'True', a hedge trade will open to 'balance' remaining trades in the previous direction. The hedge trade lot size can either be selected to be equal to the remaining collective lot size of trades in the previous direction, OR to 'balance' the collective lot size in both directions: |
Offset losses against profits | True | If 'True', profit on trades in current direction is offset against losses on remaining trades in opposite direction |
Show info | True | StratBuilder dashboard will appear top left on the symbol chart, if ‘True’ is selected |
StratBuilder offers you an easy way to automate your grid trading strategy!
I have been trading forex now for 7 years. As with most traders, there have been times when I felt so lost and alone, fighting against the smart money. My results have been mediocre at best. Since joining Stratbuilder, I have found a caring Stratbuilder community and a semi automated tool that keeps its cool when I sometimes lose objectivity or my busy schedule demands my focus. The Stratbuilder community has an International WhatsApp presence and there is a weekly webinar where results get communicated and strategies get discussed. There is complete transparency and ongoing training, in order to help the trader shape the parameters to his personal preference. I have simply been using the default parameter set and see an easy 10% equity growth per month. There is, off course potential for much larger returns. For the first time in 7 years, I am part of a trading community that shares my objectives and share ideas and information freely. I receive daily communication from those more experienced who have a close eye on the screen. I can certainly recommend Stratbuilder to anyone who needs that extra help and support in making his or her journey a profitible one.