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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!


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Version 1.2 2019.11.10
Trade direction isolation added
Version 1.1 2019.11.04
Functionality added to also trade in both directions (LONG AND SHORT)
Previously only possible to trade either LONG OR SHORT