Alpine Mirror MT4

ALPINE MIRROR — a calm EURCHF grid EA with fixed limits.

ALPINE MIRROR trades EURCHF on the M5 chart. EURCHF often moves in narrow ranges, which suits a grid with a trailing exit. The EA opens a small first position when its entry filters agree and adds positions at widening distances only if price moves against it. The whole basket is closed with a trailing stop measured from the average price.

Risk limits (all numbers are default inputs)

  • Maximum 10 positions per side, so the largest possible position size is known in advance.
  • Basket stop: if the floating loss of one side reaches 10% of the balance, that side is closed.
  • Time exit: a sell basket still in loss after 45 days is closed.
  • Margin check before every order. If free margin is not enough, the order is skipped.
  • Max spread filter, a pause after server midnight, no-entry hours and no-entry days of the month.

How it trades

  • Buy and sell baskets work independently.
  • New baskets start only when price is inside its recent support/resistance range and the entry filters agree.
  • The distance to the next position grows with the number of open positions.
  • Exit: when the basket profit from the average price reaches the trailing start, a trailing stop follows it and closes the whole basket.

Backtest (MT5, EURCHF M5, every tick, 10,000 USD, 1:100, first lot 0.01)

  • Period 2017.01 – 2026.10: net profit +3,000 USD, profit factor 1.27
  • Maximum drawdown 12.5% (about 1,250 USD)
  • 2024.01 – 2026.10: net profit +627 USD, no basket stop, maximum drawdown 8.7% (about 870 USD)
  • The test period includes 2018 – 2023, when EURCHF fell for six years in a row.

Backtest results are not a guarantee of future results.

Recommendations

  • Symbol: EURCHF (symbol suffixes are recognized)
  • Timeframe: M5
  • Account: hedging account (MT5). A low-spread account is recommended.
  • Starting lot 0.01 per 10,000 USD as a guide. Please test with your broker before using a live account.
  • VPS recommended.

Platform notes

  • MT5 version: designed for hedging accounts. On a netting account it runs in single-position mode (no averaging).
  • MT4 version: works on standard MT4 accounts.
  • On other symbols the EA can be tested in the Strategy Tester, but on a live chart it does not open new trades.

Main inputs

  • Trade direction (Buy and Sell / Buy only / Sell only / no new baskets)
  • First lot, max positions, averaging lot factor, averaging distance and step
  • Basket stop (% of balance), time exit (days)
  • Trailing start and trailing distance (or fixed take profit)
  • Max spread, slippage, trading days, no-entry hours, no-entry days, margin check

Important
Grid trading can hold losing positions for a long time and can close them at a loss through the basket stop or the time exit. Use only money you can afford to lose.

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