• Overview
  • Reviews
  • Comments (1)
  • What's new

Order grid

The Expert Advisor defines a trend and opens a series of orders at each price correction.

It is possible to limit the number of orders in each order grid to avoid uncontrolled drawdowns.

A series of opposite orders are opened to reduce drawdowns during corrections.

You can use a standard lot or a % of free funds for work.

The EA has a limit on the number of orders in the grid. It also has two additional algorithms for reducing the equity drawdown when a wrong grid is opened.


Parameters

  • TimeFrame - the EA operation period
  • StopLoss - stop loss level for an order grid
  • Plus - minimum profit in points when closing a series of same-type orders, closing an order grid
  • Minus - decrease a take profit when opening a new order
  • InpStepMinus - take profit level decrease step for an order grid in points
  • TakeProfit - profit in points for the main order grid
  • Distance - distance for opening the next same-type order in a grid
  • Lots - starting lot, 0 - use percentage of free margin
  • Percent - percentage of free margin for the calculating lots
  • LockLots - starting lot increase ratio for an opposite grid
  • countOrderB - number of BUY orders in an order grid
  • countOrderS - number of SELL orders in an order grid
  • CloseProfit - coefficient for early closure of profitable orders
  • CloseLoss - coefficient for early closure of unprofitable orders
  • Period_Open_1 - period of the first indicator
  • Period_Close_2 - period of the second indicator
  • MFI_Close_Up - upper level of the MFI indicator
  • MFI_Close_Down - lower level of the MFI indicator
  • Period_MFI_Close - period of the MFI indicator
  • Period_ADX - period of the ADX indicator
  • ADX_Level_Up - upper level of the ADX indicator
  • ADX_Level_Down - lower level of the ADX indicator
  • InpSlip - slippage in points
  • Magic - magic number of the main order grid


Recommend

  • EA settings: use the default settings.
  • Symbol: GBPUSD.
  • Timeframe: M30.
  • Minimum deposit: $5 000
No reviews
Version 1.1 2018.05.21
Version 1.1

Solved the problem with the equity drawdown when a wrong grid is opened. Now the product can not lose the entire deposit with a single wrong series of orders.

Removed parameters:
HalfLots
HalfProfit
HLot
CoeffOrderLock
LockTakeProfit
Period_Close_1
NOrderLockClose

Added parameters:
TimeFrame - the EA operation period
StopLoss - stop loss level for an order grid
CloseProfit - coefficient for early closure of profitable orders
CloseLoss - coefficient for early closure of unprofitable orders
MFI_Close_Up - upper level of the MFI indicator
MFI_Close_Down - lower level of the MFI indicator
Period_MFI_Close - period of the MFI indicator
Period_ADX - period of the ADX indicator
ADX_Level_Up - upper level of the ADX indicator
ADX_Level_Down - lower level of the ADX indicator