Strategy Builder Lite
StratBuilder Lite is a grid-trading order management utility which runs on the MetaTrader5 platform, offering
traders the functionality to automate their grid trading, without having to program MQL code! The following options
can be selected from:
- Trading LONG only (in which case the software will open BUY trades at predetermined price levels only)
- Trading SHORT only (in which case the software will open SELL trades at predetermined price levels only)
- Trading both LONG & SHORT (in which case either BUY or SELL trades will be opened at predetermined price levels, depending on the direction of the market)
This product is the Lite version of the MT4 Strategy Builder order management utility: https://www.mql5.com/en/market/product/15328
It is strongly suggested that a virtual private server (VPS) be rented from MQL5 and that the setup on the trader’s computer be migrated to the VPS, to allow StratBuilder Lite to run 24/7.
The unique StratBuilder Lite concept: A basket of trades is opened at predetermined price levels (ring-fenced per symbol and trading direction) and profit taking occurs when a targeted percentage profit on account balance is achieved, at which point all positions are closed simultaneously and a new basket of trades is opened. Please select this link to watch an introductory YouTube video: https://www.youtube.com/watch?v=gf5qal1auH8
The input values below can be used as sample strategy to trade the EURUSD or USDJPY pairs (5 digit brokers, 400:1 leverage):
INPUT |
SAMPLE PARAMETER | FUNCTION |
|---|---|---|
Magic number |
1 |
Trades are tagged, in order to ring-fence the profit for the for the symbol. Note: 'Magic number'/tag value needs to be unique for each symbol traded concurrently |
Lotsize dynamic (% of free margin) |
True | If ‘True’, lotsize is determined dynamically as percentage of free margin |
| Lotsize / % free margin |
0,7 | Fixed lotsize (measured in lots) OR percentage of free margin to be used per trade |
Stoploss (points) |
0 | Stoploss distance measured in points from price level at which the trade opened *a value of ‘0’ will deactivate this control |
Takeprofit (points) |
0 | Takeprofit distance measured in points from price level at which the trade opened *a value of ‘0’ will deactivate this control |
| Trailing stop |
0 | Trailing stop distance measured in points from price level at which the trade opened *a value of ‘0’ will deactivate this control |
Slippage (points) |
50 | Number of points allowed for slippage (e.g. trade allowed to open up to 50 points from targeted price level) |
Trading direction |
Long + Short | Trader selects the direction of trading: (1) StratBuilder opens BUY trades only (LONG) (2) StratBuilder opens SELL trades only (SHORT) (3) StratBuilder opens both BUY and SELL trades (LONG & SHORT) |
Isolate trading direction |
True | If ‘True’, profit on LONG & SHORT trades are calculated separately |
| Level increment (points) |
300 | Number of points between price levels at which trades will open |
Max profit (% on balance) |
0,7 | Targeted percentage profit on account balance at which all positions for the symbol will close, before a new basket of trades is opened *a value of ‘0’ will deactivate this control |
Max drawdown (% on balance) |
0 | Percentage drawdown on account balance (caused by the specific symbol) at which all positions on the symbol will close, before a new basket of trades starts to open *a value of ‘0’ will deactivate this control |
| Show info |
True | The StratBuilder Lite dashboard will appear top left on the symbol chart, if ‘True’ is selected |
Whether you are a scalper or a long-term trend trader, StratBuilder offers you a reliable and easy way to automate your grid trading strategy!
Previously only possible to trade either LONG OR SHORT