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Power Grid Bot

General Recommendations

The recommended deposit is $ 2000 USD, the recommended timeframe is M15. The EA trades all day and is a dynamic grid system adaptive to volatility. The EA uses only proven price action entries, that have been proven over years of testing.

So the EA has a high winrate of about 80%. If a trade does go into drawdown, the smart position managing system manages the trade to lead to at least a small profit in the end. I have traded manually for over 10 years and all this went into the developement of this EA.

The default settings are intended for trading GBPUSD, EURUSD  M15. GMT +2 (wintertime) and GMT +3 (summertime). It adapts automatically.

I recommend Leverage of 1:500 and a reputable ECN Broker for best results.


Backtesting

I recommend to use only Real Tickdata for backtesting (for example backtest with Birts Tickdata Suite, uses Dukascopy as source by default).

It makes no sense to backtest with unrealiable data from history center.

 

Inputs

  • Initial Lotsize Grid Cycle - lot size of first trade
  • Grid Cycle - basis of calculation of other values
  • Balance Step Grid Cycle  - put the same value here as Grid Cycle
  • Lot addition Grid Cycle  lot increase per position
  • Maximum Lotsize Grid Cycle -  maximum Lotsize in a basket within a cycle
  • Maximum open positions - maximum number of trades per basket
  • Grid Distance (minimum in pips) - minimum distance of a grid order
  • Magic Number- for trade identification
  • Maximum Spread (in points)- protective filter against high spreads
  • FIFO (for US brokers) - apply FIFO rule true or false
  • Trade Comment - for trade identification purposes
  • Trailingstop- set to false by default
  • December Filter   - no trades from December 22nd till January 5th
  • GMT offset (Wintertime) - your broker winter GMT offset (usually +2)
  • US DST - automatic change wintertime to summertime and back (according to US DST)



Default settings are recommended.

 



Khoa Le
1803
Khoa Le 2019.02.13 10:04 
 

I ran this EA on my ICM account and so far it's great. Even though the backtest is good but you will need to take precaution and stop EA before the critical events like Brexit vote... 5* for now.

Pankom Sriboonlue
1439
Pankom Sriboonlue 2018.11.27 05:06 
 

BT look amazing

Go Live​ since​ 24​ jan​ 2019​

So,far so good..

Version 6.4 2019.09.01
- changed default settings
Version 6.3 2019.07.07
- restructured code
Version 6.2 2019.07.06
- New code structure for newer MT4 build
Version 6.1 2019.02.13
- set Trailingstop to false by default
- changed MaxSpread default to 30 points
Version 6.0 2018.12.18
- added 2 new pairs EURUSD and USDCAD
Version 5.4 2018.12.02
- added description
- modified default settings
Version 5.3 2018.11.25
- adjusted settings to fit a smaller account balance
- changed default settings
Version 5.2 2018.11.04
- Default initial lotsize changed to 0.03
Version 5.1 2018.10.17
- added minimum Grid Distance input
- reduced drawdown for default settings
Version 5.0 2018.10.12
- More setups that were added as entries
- Modified Inputs tab to be more adjustable
Version 4.0 2018.09.23
- added more entry signals
- simplified inputs tab
Version 3.7 2018.09.10
- minor change in default settings
Version 3.6 2018.09.08
- Adjusted Inputs Tab
Version 3.5 2018.09.06
- restructured inputs tab
Version 3.4 2018.09.06
Start Balance and Balance Step set to 3000 fixed
Version 3.2 2018.09.03
- changed default ssettings
Version 3.1 2018.09.02
- made Lot size of initial trade adjustable
Version 3.0 2018.09.02
- Function Lot addition / LotPlus recoded and improved for all account sizes
- Parameters Start Balance and Balance Step added
- Parameter Magic Number added
- Parameter Trade Comment added
- Lotsize of initial trade linked to account balance and balance step
- Lot addition linked to account balance and balance step
- Maximum Lotsize linked to account balance and balance step
- Disable Monday trading parameter added
- Disable Friday trading parameter added
- set GMT offset to +2 by default
- automated DST change (US)
- Parameters renamed for easier understanding
- new inputs tab layout
- Removed LotMultiplier parameter
- Removed Trend Filter parameter, Trendfilter timeframe and Trend moving averages
- Removed RiskBalancePercent parameter
- Removed EquityTP parameter
Version 2.5 2018.08.24
- Minor changes in code
- Changed default settings
Version 2.4 2018.08.23
- Changed default settings to make them robust
- Added December Filter
Version 2.3 2018.08.07
- Fixed minor bug in LotMultiplier function
Version 2.2 2018.07.26
- Further improved entry logic through advanced filtering process
Version 2.1 2018.07.23
Version 2.1

- Changed recommended timeframe to M15
- Modified entry signals to be less broker dependent
Version 2.0 2018.07.17
Features Version 2.0

1. Reduced recommended minimum deposit
2. Advanced safety features
3. Multi -timeframe trendfilter
4. New trailing stop version
5. Works on ECN and non-ECN Brokers
6. Fully customizable