Latitude Midway
- Experts
-
Muhammad Rafay Khurram
Latitude Algo - Version: 1.4
- Activations: 10
AUDCAD is a relatively calm currency pair: Australia and Canada are both commodity-driven economies, so the pair often moves in a range and tends to return to its average.
Latitude Midway is built around this behaviour.
"Designed for traders who prefer a calm, long-term approach. Not a scalper."
Important: this is a grid strategy with increasing position sizes. It is designed for range-bound markets.
Risk is limited by the hard protections below, but in a strong one-way move a group can be closed at a loss.
- Magic number: change it only if you run the EA on two charts at the same time.
Risk levels (first trade per 10,000 of balance · group stop · equity stop)
| Risk levels | Lot Size | Group Stop | Equity Stop |
|---|---|---|---|
| Very Low | 0.01 | 3% | 10% |
| Low | 0.02 | 5% | 12% |
| Medium-Low | 0.03 | 7.5% | 15% |
| Medium | 0.04 | 10% | 20% |
| Medium-High | 0.06 | 15% | 25% |
| High | 0.08 | 20% | 30% |
| Very High | 0.10 | 25% | 35% |
- Minimum balance: 1,000 with Risk Very Low. Suggested: 3,000 for Low, 5,000 for Medium-Low and Medium, 10,000 for Medium-High and above.
- Small balances: below 10,000 the broker's minimum lot (0.01) makes the trades larger than the risk level intends. On 1,000 use Very Low only and expect larger drawdowns (about 20 % in our 1,000 backtest).
- Run the EA 24/5, ideally on a VPS.
Questions and feedback are welcome through private messages on MQL5. Please include your broker, account type and a screenshot of the Experts log if you report a problem.
Risk disclaimer
Trading foreign exchange and CFDs on margin carries a high level of risk and may not be suitable for all investors. You can lose some or all of your invested capital. Only trade with money you can afford to lose.
Latitude Midway uses a grid strategy with increasing position sizes. Its protections limit losses, but they cannot prevent them.
All results shown are backtests in the MetaTrader 5 Strategy Tester, unless clearly marked as live trading. Backtest and past results do not guarantee future results. Real trading results can differ because of spreads, slippage, swaps, execution and broker conditions.
This product is a trading tool, not investment advice. You are responsible for your own trading decisions and for choosing a suitable risk level. Test the EA on a demo account before using it on a live account.
