MercuryX
- Experts
- Version: 1.13
- Activations: 5
MercuryX is an automated grid based Expert Advisor for MetaTrader 5. It manages trading cycles on the selected instrument and offers settings that can be adapted to broker conditions. Its internal entry and position management rules remain part of the product and are not disclosed in this description.
Features:
• Configurable position size and grid level limits.
• Trading condition filters and position management settings.
• Configurable cycle exit and an optional loss limit.
Main input groups:
• Trading permission, EA identifier and operating time.
• Position sizing and grid parameters.
• Spread filter and open position management.
• Cycle exit conditions and protective limits.
Setup: an MT5 hedging account is required. The primary working settings are intended for XAUUSD on M15. Enable Algo Trading and test the settings in the Strategy Tester and on a demo account before live use. For the standard XAUUSD M15 settings, a starting balance of at least USD 2,000 is recommended. The actual amount required depends on position size, the number of grid levels, leverage and the broker's margin requirements; a lower balance increases the risk of insufficient margin. Accounts with 1:500, 1:1000 or 1:2000 leverage may be used when the broker permits them and sufficient free margin is available. Higher leverage does not reduce trading risk. If the requested trade volume does not meet the broker limits, the EA adjusts it to a permitted value; the resulting volume may be larger than entered. Check it before live use. An account with a low XAUUSD spread and reliable order execution is recommended. A VPS is required for continuous 24/7 operation: MetaTrader 5, the internet connection and the EA must remain running at all times. Execution, margin, spreads and commissions vary by broker.
Risk: grid trading can accumulate positions, floating loss and margin use. The optional cycle loss limit is disabled by default and must be configured if needed. Historical results do not guarantee future returns.
