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Power Grid Bot

Power Grid Bot is a fully automatic system using indicator based entries. The entry trade is monitored by the EA and managed by a dynamic grid algorithm.

The system handles multiple open positions as a basket with the option of positions increasing lot size moderately to aggressively when calculated price level is reached based on the market condition and volatility.

It shows to be able to run in all kinds of different market conditions by passing a full 15-year tick data backtest simulating real trading conditions with consistent profit and with a good profit to drawdown relation.

For higher profit potential, an optional automated trailing stop trails the price closely. This means higher risk exposure during a drawdown can be rewarded with higher profit potential afterwards.

 

Requirements

Please only use on GBPUSD M15.

Minimum recommended deposit is 2000 $

Leverage 1:500 is recommended

FIFO compliant for US Brokers

Works on all brokers including ECN brokers

ECN Brokers with low spreads and commissions are recommended

 

Support

If you need help with the installation and configuration of the EA, feel free to send me a message.

 

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
  • Equity protection (in percent)- security measure for account protection in percent
  • Stop Loss for initial trade (in pips)- fixed stop value for initial trade in pips
  • Stop Loss for grid positions (in pips) - profit target of initial trade in pips
  • 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.

 



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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