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ScorpionGrid

5

Multi-currency grid Expert Advisor, in most cases it receives quite accurate entries. If an entry is not accurate enough, the positions are managed using an elaborate martingale strategy.

Work on real account: http://tiny.cc/nkaqmz

Entries are performed using the signals of RSI and Stochastic indicators, in the overbought/oversold areas, plus additional entry conditions based on a proprietary algorithm.

Recommended timeframe - М15.

Input parameters

  • SetName - name of the current settings file
  • MagicNumber – magic number, identification number for a symbol.
  • slip – slippage
  • Lots – lot size
  • DepoPer001Lot – automatic lot calculation (specify amount per 0.01 lot) (if 0, the value from 'Lots' parameter is used)
  • LotExponent – Multiplier for the lot of the current opened order in the grid
  • BaseLotLevelCount – The number of legs to be sequentially opened with a base lot
  • PipStep – Minimum allowed distance between the grid orders
  • GridAvgComissionSwap – Take the commission and swap into account during the calculation of breakeven level for the grid
  • MaxTrades – The maximum number of averaging legs
  • TakeProfit – Base take profit
  • Lvl1 – № of the order (leg), starting from which the TakeProfit will be equal to TPS1
  • TPS1 – Take profit after opening Lvl1 leg
  • Lvl2 – № of the order (leg), starting from which the TakeProfit will be equal to TPS2
  • TPS2 – Take profit after opening Lvl2 leg
  • UpdateSecond - The frequency for checking the current levels
  • TrailStart – The number of points to start the trailing stop
  • TrailStop – Distance from the current price (points), at which the stop loss is moved after trailing is activated (TrailStop=0 disabled)
  • TrailLvl1,TrailStart1, TrailStop1, TrailLvl2, TrailStart2, TrailStop2 – Modify trailing stop depending on the number of orders; Lvl1, TPS1, Lvl2, TPS2 are analogous

Entry Settings

  • PeriodRSI – period of the RSI indicator
  • RsiChannel – width of the channel, when exceeded the entry conditions will be checked, at 20 it is 70/30 (50+20/50-20)
  • KPeriod – Period (number of bars) to calculate the %K line of the stochastic
  • DPeriod – Averaging period to calculate the %D line of the stochastic
  • Slowing – Slowing value of the stochastic
  • StochChannel – width of the channel, when exceeded the entry conditions will be checked, similar to RSI

Locking settings

  • LockAfterSeriesCount – № of the order (leg), starting from which a locking order will be opened
  • LockGridPercent – Percentage of the grid to cover with the locking order

Other Settings

  • SMaxDrawdownPercent – Drawdown percentage, if exceeded the averaging orders will not be opened
  • MaxSpread – Maximum spread
  • VisualDebug - Output additional information on the chart
  • Close at drawdown, % - Close at drawdown on the current currency pair. If the value is 0, it is disabled.
Reviews 3
Ivan Khanin
148
Ivan Khanin 2020.09.21 06:03 
 

При достаточно большом депозите можно получать без особого риска и нервов от 1% в месяц (в среднем за 3 месяца выходит по 4-6% / месяц). Крайне доволен данным советником!

sagidavido
121
sagidavido 2020.02.07 08:18 
 

Work Well

Claudio Jones
139
Claudio Jones 2019.06.08 18:17 
 

I haven't doubts about the operation of this EA, it is perfect for my strategy, the risk management and the indicators used work very well integrated, until today without loss I thank the author very much.

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Ivan Khanin
148
Ivan Khanin 2020.09.21 06:03 
 

При достаточно большом депозите можно получать без особого риска и нервов от 1% в месяц (в среднем за 3 месяца выходит по 4-6% / месяц). Крайне доволен данным советником!

sagidavido
121
sagidavido 2020.02.07 08:18 
 

Work Well

Claudio Jones
139
Claudio Jones 2019.06.08 18:17 
 

I haven't doubts about the operation of this EA, it is perfect for my strategy, the risk management and the indicators used work very well integrated, until today without loss I thank the author very much.

Reply to review
Version 2.5 2021.04.29
Added the "Close at drawdown, %" parameter - Closing on drawdown
Version 2.4 2019.10.17
SMaxDrawdownPercent now works in the tester
Version 2.3 2019.09.24
Added setting to disable "Currency Filter"
Version 2.2 2019.06.06
zero balance bugfix
Version 2.1 2018.02.14
Fixed the "invalid fill" error
Version 2.0 2016.09.29
Protection against placing orders in case the terminal returns a zero value for the current price.