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Magic Grid

4.4

Magic Grid is a grid Expert Advisor using no indicators. The strategy is based on automatic re-opening of profitable orders placed with a certain step from the very beginning of the EA operation. The robot trades on any timeframe and symbol. It can also trade several symbols with any amount of decimal places. It does not interfere with manual trading and other EAs' operation. The robot works only with its own orders displaying all necessary data on them when needed.

The Magic Grid info panel provides effective control over the EA's entire trading process in conjunction with notification system. The panel allows you to check the claimed amount of orders relative to their real market number. Depending on the situation, the EA provides a variety of reports on critical changes in its operation and errors. For example, it notifies of the number of restored orders in case some of them were triggered when the terminal was closed. It also alerts on exceeding the limit of maximum allowed orders, as well as on the fact that a pending order was not placed because of a price being too close, etc.

Besides, it often provides tips about what to do in a particular case.

The EA is not resource-consuming. All recalculations are performed only in the following cases:

  • the EA has been restarted
  • the EA settings have been changed
  • symbol change
  • timeframe change
  • an order has been closed or a new one has appeared

Switching between timeframes can be used as a forced recalculation in case you have any doubts in the EA operation efficiency or you need to speed up any process, for example, if one of the pending orders is not placed at the very beginning because of a price being too close.

Settings

At first glance, the settings seem to be too numerous. However, they are quite simple and allow you to configure a grid with a required degree of flexibility.

  • Buy First - initial price for buying (any value selected by a trader)
  • Sell First - initial price for selling (any value selected by a trader)
  • Quantity BuyUP from Buy First - number of Buy orders up from the initial price (can be zero)
  • Quantity BuyDOWN from Buy First - number of Buy orders down from the initial price (can be zero)
  • Quantity SellUP from Sell First - number of Sell orders up from the initial price (can be zero)
  • Quantity SellDOWN from Sell First - number of Sell orders down from the initial price (can be zero)
  • Step - grid step between same-type orders (in points of a selected pair)
  • Take profit - take profit for each order of the EA (can be zero)
  • Stop loss - stop loss for each order of the EA (can be zero)
  • Lot - lot size for each order of the EA
  • Magic number - any figures allowing the EA to distinguish its own orders (should be changed if the EA is used on several pairs)
  • Language - switching the EA language (English/Russian)
  • Expert's comment - user comment for each order
  • Dashboard -- display the info panel managing the amount of EA orders on the market
  • Transparency of the dashboard - Dashboard transparency (better to disable if "Chart on foreground" is selected in the chart settings)
  • Debugging - required for more detailed error report in the EA operation when necessary
Testing

When testing the EA in the strategy tester, consider the maximum number of orders allowed by a certain broker. If the value is exceeded, not a single order is placed!

All missed ticks reduce the EA efficiency, since its operation is based on volatility. The lower the volatility, the lesser the probability to fix a potential profit.

More possibilities:   Elastic Grid MT4... >>   and   Elastic Grid MT5... >>


Reviews 14
Paulchen1411
24
Paulchen1411 2022.05.06 09:18 
 

After initial skepticism - the thing is great and has enough adjustable parameters to limit losses!

Toncho Valchev
22
Toncho Valchev 2022.04.28 15:09 
 

Hello, how many dollars can I start with this expert? so far I'm trying it on a demo, are there any settings?

Rob0000
84
Rob0000 2022.04.24 18:57 
 

works well, goed profits.

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354310
14
354310 2022.06.16 06:12 
 

be careful, it trades both ways at the same time, and always your loss money is more than your profit. Do not recommend it.

Aliaksandr Charkes
5917
Reply from developer Aliaksandr Charkes 2022.06.19 08:09
How you set it up is how you go. If you failed to correctly set up an EA for two-way trading, what stopped you from trading one way?
Paulchen1411
24
Paulchen1411 2022.05.06 09:18 
 

After initial skepticism - the thing is great and has enough adjustable parameters to limit losses!

Toncho Valchev
22
Toncho Valchev 2022.04.28 15:09 
 

Hello, how many dollars can I start with this expert? so far I'm trying it on a demo, are there any settings?

Rob0000
84
Rob0000 2022.04.24 18:57 
 

works well, goed profits.

ashrfali
14
ashrfali 2022.04.18 06:15 
 

very will but haw i but sl

fx_sniper
101
fx_sniper 2022.03.21 11:09 
 

Thanks a lot for the EA. wish I could pay you some bucks. This is what I was looking for in the market but got free. thanks again buddy. Please give 5 star the product and positive comment if you know how to use it. ... شكرا جزيلا على EA. أتمنى أن أدفع لك بعض الدولارات. هذا ما كنت أبحث عنه في السوق ولكني حصلت عليه مجانًا. شكرا مرة أخرى يا صديقي. يرجى إعطاء المنتج 5 نجوم وتعليق إيجابي إذا كنت تعرف كيفية استخدامه. .... Большое спасибо за ЕА. Хотел бы я заплатить вам несколько долларов. Это то, что я искал в маркете, но получил бесплатно. еще раз спасибо дружище. Пожалуйста, дайте продукту 5 звезд и положительную оценку, если вы знаете, как его использовать. .. Vielen Dank für den EA. Ich wünschte, ich könnte dir ein paar Dollar zahlen. Das habe ich auf dem Markt gesucht, aber kostenlos bekommen. danke nochmal kumpel. Bitte geben Sie dem Produkt 5 Sterne und einen positiven Kommentar, wenn Sie wissen, wie man es benutzt.

[Deleted] 2022.02.22 20:49 
 

User didn't leave any comment to the rating

Zeeshan Zaheer
20
Zeeshan Zaheer 2021.12.29 17:51 
 

It's a good EA, I have found till now. Using on MT4, EURUSD H1, and it's working fine.

Messer123
24
Messer123 2021.11.22 20:12 
 

Тестирую на реальном счёте. День прошёл в плюсе посмотрим что будет за ночь.

Satyam Shivam
30494
Satyam Shivam 2021.11.18 05:18 
 

User didn't leave any comment to the rating

philippe germain
2514
philippe germain 2021.10.20 22:11 
 

Testing.

Jodche
198
Jodche 2021.09.24 12:00 
 

Great! I have been looking for this setup for a long time. Stable profit in conjunction with the Stop equity script with the opposite approach. 10 ********** !!!

MIKE H
286
MIKE H 2020.11.16 18:28 
 

how to request refund thanks

Aliaksandr Charkes
5917
Reply from developer Aliaksandr Charkes 2020.11.16 21:51
Hi, what happened?
Jonah3000
322
Jonah3000 2020.09.20 11:30 
 

Very useful EA. Best if you know direction of market, or when market will consolidate.

Reply to review
Version 3.64 2018.07.20
Added the ability to define separate setting for BUY and SELL orders.

Fixed some bugs.