Strategy Builder Lite
StratBuilder Lite is a grid-trading order management utility which runs on the MetaTrader5 platform.
This product is also available on the MT4 platform: 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 OR equity 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
https://drive.google.com/drive/folders/1HrnAb4DxrvMTBoJb-V7r0rI5F8pJkzf5?usp=sharing
(1) low risk semi-automated sample strategy optimised for the EURUSD pair (5 digit broker, 400:1 leverage)
(2) more aggressive high yield semi-automated sample strategy optimised for the EURUSD (5 digit broker, 400:1 leverage)
(NOTE: trader intervention required to manage margin level for this strategy)
Selected control features are described below:
INPUT | SAMPLE PARAMETER | FUNCTION |
---|---|---|
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Lotsize | True | If ‘True’, lotsize is determined dynamically as percentage of free margin |
Lotsize | 0,7 | Fixed lotsize (measured in lots) OR percentage of free margin to be used per trade |
Trading | Long + Short | Trader selects the direction of trading: |
Isolate | True | If ‘True’, profit on LONG & SHORT trades are calculated separately |
Level | 100 | Number of points between price levels at which trades will open |
MaxProfit | 0,7 | Targeted percentage profit on account balance at which all positions for the symbol will close, before a new basket of trades is |
Max allowed | 0 | Long (BUY) & Short (SELL) trades can be limited to a maximum number of trades - a value of '0' will deactivate this control |
Close on | 0,7 | Targeted percentage profit on account equity at which ALL positions on ALL symbols traded concurrently will be closed |
Trend | True |
|
Close on trend change | True |
|
Hedge enabled | True | If 'True', a hedge trade will open to 'balance' remaining trades in the previous direction. The hedge trade lot size can either be selected to be equal to the remaining collective lot size of trades in the previous direction, OR to 'balance' the collective lot size in both directions: |
Offset losses | True | Profit on trades in current direction is offset against losses on remaining trades in opposite direction |
Show info | True | StratBuilder Lite dashboard will appear top left on the symbol chart, if ‘True’ is selected |
StratBuilder Lite offers you an easy way to automate your grid trading strategy!
(1) equity target now only shows on dashboard when running on tester (not when running live)
(2) user receives push notification on the app of next equity target, when previous target is reached
i.e. no material changes/ updates on V.15 functionality & features
(2) Option added to set a minimum hedge lot size differential (rounding to avoid excessive hedge trades from opening when trades in both direction are considered)
Option to open a hedge trade to 'balance' remaining trades in previous direction when trend changes
(2) Exit condition added: Close ALL trades on account (on all symbols traded concurrently), when account equity increases with specified %
Additional control added: limit max number of BUY and SELL trades
Global Max profit = closes all trades on the account, should an overall profit target be reached
Close trades in both directions = closes trades in both directions when trading direction is isolated and profit target is reached in one direction
- EA can now send notifications when entering or exiting orders
- Fixed bug where unneeded warnings were shown if the EA wasn't allowed to trade
- Fixed bug where detection of previous levels did not work as expected
Previously only possible to trade either LONG OR SHORT