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Iron Trader MT5

Universal Advisor. Works as a scalper and dynamic order grid. Applies levels of stop orders, stop loss, take profit and trailing stop that are invisible to the broker. Level values can be given in pips or percent of average price volatility (ATR). It can work at a specified time, has protection against slipping and expansion of the spread. The graph displays information about the quality of execution of orders, profits and current open positions (the number of orders, the number of lots and profit). Suitable for working with any brokers, including American brokers with the requirement of FIFO.

MT4 version of Iron Trader Advisor


Money Management: 

  • FIX_START_LOT - fixed starting lot for each N amount from the balance (FROM_BALANCE);
  • FROM_BALANCE - N balance amount for the calculation of the starting lot (FIX_START_LOT);

The starting lot is calculated by the formula: Balance / FROM_BALANCE * FIX_START_LOT

Example number 1:

  • Balance 300
  • FIX_START_LOT - 0.01;
  • FROM_BALANCE - 100;

Starting lot will be = 0.03.

Example number 2:

  • Balance 300
  • FIX_START_LOT - 0.01;
  • FROM_BALANCE - 300;

Starting lot will be = 0.01.


Dynamic order grid: 

  • LOT_MULTIPLY - lot multiplier in the order grid;
  • START_MULTIPLY - from which order to start increasing the lot;
  • MIN_GRID_STEP - the minimum step between orders;
  • GRID_PRICE_STEP - the minimum step for the price movement;

Example number 1:

  • MIN_GRID_STEP = 100;
  • GRID_PRICE_STEP = 200;

When the price passes 300 (MIN_GRID_STEP + GRID_PRICE_STEP) pips in the opposite direction from the last open order, the virtual level of the STOP order will be established - the price of the last open order +/- MIN_GRID_STEP. The order will open at the set level, but if the price continues to move in the opposite direction by N pips (MIN_GRID_STEP + GRID_PRICE_STEP), the level of the STOP order will change - the price of the last level +/- MIN_GRID_STEP pips.

Example number 2:

  • LOT_MULTIPLY = 1.5;
  • START_MULTIPLY = 3;

The order lot will start to increase from the N order (START_MULTIPLY). The 1st order with lot 0.1 is opened, the 2nd order will also be opened with lot 0.1, and the 3rd order already with lot 0.15. And starting with N orders (START_MULTIPLY), the lot will increase by LOT_MULTIPLY. The last lot multiplied by START_MULTIPLY.


Opening the first order: 

  • DIST_TO_OPEN - distance from the Ask / Bid price;
  • TIMER_SECONDS - timer to modify levels;

The Expert Advisor sets the levels at N distance (DIST_TO_OPEN) from the Ask / Bid price, which, when touched, opens the first trade. Levels are modified by timer TIMER_SECONDS. If for the allotted time the price failed to break through the specified level, then they are modified at the new prices.


Other parameters: 

  • ATR_VALUES - use the percentage of ATR to calculate levels;
  • PERIOD_ATR - ATR period;
  • MAGIC_NUMBER - magic number;
  • TIME_START , TIME_END - the start and end time of the advisor, at 00:00 is not used;
  • MAX_SLIPPAGE - maximum slippage for the first order, in pips. when = 0, not used;
  • MAX_SPREAD - the maximum size of the spread when opening orders, in pips;
  • STOPLOSS - stop loss of the order grid, in pips or% of ATR if ATR_VALUES = true. when = 0, not used;
  • TAKEPROFIT - take profit of the order grid, in pips or% of ATR if ATR_VALUES = true. when = 0, not used;
  • TRAILING_STOP - minimum profit during trailing, in pips or% from ATR if ATR_VALUES = true. when = 0, not used;
  • TRAILING_STEP - trailing step, in pips or% of ATR if ATR_VALUES = true;


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Profalgo Limited
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Launch Promo: Limited number of copies available at current price Final price: 990$ NEW: get 1 EA for free! (for 2 trade accounts) Ultimate Combo Deal   ->   click here LIVE RESULTS:   https://www.mql5.com/en/signals/1949810 JOIN PUBLIC GROUP: Click here Set Files Welcome to DayTrade Pro Algo!  After years of studying the markets and programming different strategies, I have found an algorithm that has everything a good trading system needs: It is broker independent It is spread independent
Forex GOLD Investor MT5
Lachezar Krastev
5 (39)
SHOCK DEAL --> -45% OFF --> VERY LIMITED COPIES AT THIS PRICE !!! + BONUS -> PREMIUM EA! Signal Account:  https://www.mql5.com/en/signals/1510678 Forex GOLD Investor is one of the best expert advisors developed to trade on GOLD(XAUUSD) in the forex market. Forex GOLD Investor consists of 2 trading systems . The first one is based on scalping trading strategy and the second system has time based dependency which opens up to 2 trades at a time. It has been tested rigorously to get the most succes
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Vladimir Gribachev
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New version of the semi-scalper multicurrency Expert Advisor that uses an advanced adaptive trading strategy based on a position averaging. It uses a completely different strategy for market entries. The new version features a new function – total trailing stop of the opened positions by equity in the deposit currency or as a percentage of profit. A virtual trailing stop can be applied to the first opened trade. A stop loss can be used to protect the capital. The product is designed for 4 and 5-
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This scalper Expert Advisor uses instant execution pending orders. No grid and martingale. Each trade is protected by a tight stop loss. It is designed for 4-5-digit quotes. The EA is recommended for use on EURUSD, GBPUSD, AUDUSD, USDJPY, USDCHF, USDCAD, NZDUSD, EURJPY, EURGBP, and EURCHF. VPS is required for flawless operation, minimum deposit is 100 units of the base currency. Timeframe – from M15 to H4. Optimization tip! Only several parameters should be optimized for the period of the last f
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Vladimir Gribachev
The strategy is based on my own template, it utilizes the Stochastic indicator. It buys when the lines are below a predetermined level, and the signal line crosses the main one upwards; it sells when the lines are above a predetermined level and the signal line crosses the main downwards. The EA has been adapted for four- and five-digit quotes. VPS server is recommended. Before launching the EA on a real trading account, I recommend checking its parameters in the strategy tester using 99.90% qua
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Vladimir Gribachev
5 (3)
This is a grid Expert Advisor. It features several trading strategies based on Moving Average. It works on minute bar Open prices. Virtual trailing stop, stop loss and take profit can be set in pips, in the deposit currency or as a percentage of the balance. Depending on the settings, different orders may be opened for diversifying risks. Their closure can be either an oppositely directed or unidirectional basket of orders. The order grid is adaptive and is made of market orders. If the price ha
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Vitalii Manolaki
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Vitalii Manolaki 2019.02.15 13:00 
 

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Version 1.2 2022.03.04
update for new build
Version 1.1 2019.02.03
Исправлена небольшая опечатка в коде