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The SmartGrids MT5

The trading algorithm of the Expert Advisor works in three modes - two types of automatic grid trading and a manual trading mode. Calculations and order management are performed separately for buy and sell trades. There is an ability to send emails and mobile notifications of order closing and the current account status. The indicator has two trading and data panels allowing you to close order groups or add new ones manually.

The SmartGrids trading platform includes three trading modes:

  • ManualSmart_Mode - manual trading using the built-in trading panel (can be tested in the strategy tester), open orders are accompanied by the grid from the The_SmartGrids algorithm. This mode can also be used for manual tuning of groups of orders opened by other modes or other EAs;
  • Grids_Mode - auto trading by trend strategy signals with subsequent arrangement of grids of limit type pending orders;
  • The_SmartGrids - auto trading by trend strategy signals with subsequent work of the grid made of market orders. Grid orders are opened only after an entry signal appears from the indicator group.


Trading panel of the EA

Information fields

  • Deposit load - deposit load in %.
  • StopLevel - stop level of the selected instrument in points.
  • Drawdown/Grown - drawdown/growth of the trade balance as %.
  • Spread Value - spread in points.
  • In Deals - volume of open trades in lots.

Buttons

  • Close Buy - close all opened buy positions and buy pending orders on the selected instrument, if the Magic Number of the order matches, and display the profit/loss of the opened buy orders in the deposit currency.
  • Close Sell - close all opened sell positions and sell pending orders on the selected instrument, if the Magic Number of the order matches, and display the profit/loss of the opened sell orders in the deposit currency.
  • Close All - close all opened positions and pending orders on the selected instrument, if the Magic Number of the order matches, and display the profit/loss of the opened orders in the deposit currency.
  • Open Buy - send a buy order and display a volume in lots for the next buy order in the queue.
  • Open Sell - send a sell order and display a volume in lots for the next sell order in the queue.


Input parameters

  • TypeOfWork - select trading strategy.
  • Lots - volume of the first trade in the group of orders, in lots.
  • Magic - magic number.
  • Step - step for the order grid in points.
  • Multiplier - multiplier for orders.
  • MaximumLotsValue - maximum allowed volume of one order in lots.
  • MaximumOrdersInWork - maximum allowed number of EA orders.
  • MaximumOrdersInWork - maximum allowed number of EA orders.
  • TrailingStepEquity - step of the virtual trailing in the deposit currency (recommended 1.5 or 2 times of Lots).
  • TrailingStartEquity - start of the virtual trailing in the deposit currency.
  • SendMessage - enable/disable sending notifications on closure of the group of orders and the account status.
  • UseStartBoth - when enabling this function, two oppositely directed orders are opened in the selected symbol window when using Grids_Mode or The_SmartGrids mode and closing all market orders.


TrailingStop settings

TrailingStepEquity and TrailingStartEquity work in the deposit currency. TrailingStartEquity = 1.55 means that the trailing algorithm is launched when the profit of the order group is 1.55 units of the deposit currency. If we want to increase Lots, then TrailingStartEquity should also be modified in multiples or at least partially in multiples of Lots increase.

I recommend setting TrailingStepEquity to 1.5xLots or 2xLots.

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