TheRedeemer
- Experts
-
Ganzorig Munkhbayar
Test - Version: 6.3
- Updated: 29 September 2026
- Activations: 5
What it is. TheRedeemer is a hedged grid Expert Advisor for MetaTrader 5 with drawdown recovery. It opens a buy and a sell together, manages each position with hidden exits that scale with volatility, and can add positions, recover a drawdown and bank profit with the modules below. It trades the symbol of the chart it is attached to; it was developed and used on gold (XAUUSD).
How a cycle starts. With no position on the symbol it opens a hedge pair (HedgeBuy + HedgeSell, equal lots; EntryType, NumberOfPairs, risk). A direction vote from RSI, Stochastic, ZigZag, four moving averages, candle bodies, wicks and a multi-timeframe bias (weights w1..w7) decides which side the market is expected to take; when that is confirmed the opposite leg is closed and the position follows the move.
Exits. Take-profit, stop-loss and the trailing gap are hidden (not sent to the broker) and are fractions of ATR (Inp_TP_Divider, Inp_SL_Divider, ATR_TrailingGapDivider), so they widen and narrow with volatility. Optional: equity break-even (EquityBreakEven), equity trailing (EquityTrailing), close-by-average, daily profit / loss targets in percent or money, and a daily close at the New York end hour (NewYorkEnd, server time).
Adding positions. Up to three top-ups in the direction of the move (Top_Up, Top1..Top3 multipliers), an optional grid against the move with a lot multiplier (Grid_trading, Grid_lot_multiplier, maxlongorders / maxshortorders), hedge scaling (HedgeScale) and optional new-bar and pending-breakout entries.
Drawdown recovery (DDR) and profit protection (PPR). DD_Recovery opens recovery hedges at every DDR_Percent of floating loss (TheRedeemerRatio, MaxRecoveryLot), can trim the biggest loser and the biggest winner, and can wait for trend confirmation before it acts. ProfitProtection (PPR) locks a winning side: when its profit reaches the PPR_Percent level (and again at three and six times it) it opens an opposite position of the same size, freezing the profit in a hedge. Margin protection (Min_Margin_Level_Pct, Min_Free_Margin_Pct) blocks new orders when margin is low.
Account guard (version 6.00). MaxDDPercent (30 by default) is measured from the equity when the EA is attached and is never reset by the daily restart. When equity falls that far, the EA closes every position and pending order it trades on the chart's symbol (a manual trade on that symbol with magic 0 included) and stops trading until it is attached again. A new order is also refused when the margin level after it would fall below Min_Margin_Level_Pct (300 by default), and on gold the lot no longer grows when the broker's spread is very small. The guard limits losses on normal price movement; a price gap (for example over a weekend) can still take the loss past the chosen percentage.
Margin guard on small accounts. Before every order the EA checks the margin level that would remain after it, and does not send the order if it would fall below Min_Margin_Level_Pct (default 300%). On a small account or with low leverage this can block trading completely - on XAUUSD at 1:100 an account below about $250 may open no trades at the default. Lower this input only if you accept the extra risk.
Risk - read this before you buy. This is a high-risk EA. Grids, lot multipliers and recovery hedges add exposure while the market moves against the position; a long one-way move can take a large part of the account or all of it. It is not designed for prop-firm or funded accounts (it prints a warning when it detects one) and the default settings are not a recommendation. There is no guaranteed profit and past results do not predict future results. Test it in the Strategy Tester and on a demo account with your own broker first, and only risk money you can afford to lose.
Order checks. Every order, close and modification is checked before it is sent (volume, margin, stops and freeze level, trade session), so the EA does not flood the server with requests the broker would reject.
Settings in short. Attach to one chart (gold recommended). The main groups: entry (EntryType, NumberOfPairs, risk, Entry_Lots), exits (the ATR dividers, TrailingStop), recovery (DD_Recovery, DDR_Percent, TheRedeemerRatio, MaxRecoveryLot, the Trim inputs), profit protection (ProfitProtection, PPR_Percent), daily limits (PL_Percent, MaxProfitPercent, MaxDDPercent, PL_Amount), top-ups, grid, time filters (NewYorkEnd, Inp_StartTradingHour, FridayFilter) and margin protection. Presets (Standard, Aggressive, Conservative) are available from the author on request.
Protect the whole account. TheRedeemer's own guards watch its own trades only. To protect the whole account - every EA and manual trade, prop-firm style daily and maximum loss limits, state kept across restarts, push alerts - use it together with Account Guardian Equity Protector: https://www.mql5.com/en/market/product/198201
