Strategy Builder Lite
StratBuilder Lite is a grid-trading order management utility which runs on the MetaTrader5 platform.
This product is also available for the MT4 platform: https://www.mql5.com/en/market/product/56154
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
Selected control features are described below (default parameters have been optimised for EURUSD, 5 digit broker, 400:1 leverage):INPUT | SAMPLE PARAMETER | FUNCTION |
---|---|---|
Magic number |
| Trades are tagged, to ring-fence the profit for the for the symbol. PLEASE NOTE: 'Magic number'(tag) value needs to be unique for each symbol traded concurrently |
Lotsize dynamic | 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 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 | 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 opened - a value of ‘0’ will deactivate this control |
Max DD | 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 will open - a value of ‘0’ will deactivate this control |
Global MaxProfit | 3 | Targeted percentage profit on account balance at which ALL positions on ALL symbols traded concurrently will be closed, before new baskets of trades are opened - a value of ‘0’ will deactivate this control PLEASE NOTE: This control should only be activated on one of the symbols traded concurrently |
Max allowed Long & Short trades | 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 Equity Increase (%) | 0,7 | Targeted percentage profit on account equity at which ALL positions on ALL symbols traded concurrently will be closed |
Trend detection enabled | True | If ‘True’, trades are only opened IN the direction of the trend ONLY (custom trend indicator) - two timeframes provided for: If different timeframes are selected |
Close on trend change | True | If 'True', trades will close on trend change. If 'Trend close only positive trades' is selected, ONLY trades in profit will close and remaining trades in the previous direction will be retained |
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: (i.e. 'Hedge consider both directions' = Balance trades in both directions = collective lots for BUY trades = collective lots for SELL trades) |
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!
(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