Gridingale is a new complex Expert Advisor that combines grid and martingale. It will create an order grid according to the settings but also add a martingale on it. So it will take profits on little and big movements.
A loss covering system is integrated to allow the recovery of orders that are too distant from the current price. It is possible to filter the opening of a new cycle with an indicator.
It can work on both sides at the same time, but it is interesting to have it work on markets that have a rebate to maximize profits over the long term.
Results are good on EUR/USD but you can use it everywhere by adjusting the settings. Timeframe H1.
Live signal: https://myx.gg/mql5
Share your best configuration set or find help on the discord: https://myx.gg/discord: ICMarkets (4.8/5⭐ on Trustpilot for 10k+ reviews)
- Buy enabled - Allow the EA to Buy.
- Sell enabled - Allow the EA to Sell.
- Rebate mode - Allow the EA to Buy or Sell only if there is a positive swap.
- Maximum orders - Maximum order the EA can take simultaneously.
- Start new cycle - Tell the EA to start a new cycle at the end of the current one.
- Use indicator to start a new cycle - Only start a new cycle if the indicator is overbought (for sell) or oversold (for buy) in the selected timeframe & period.
- Indicator - Indicator to use (RSI, MFI or Stochastic).
- Indicator Timeframe - Timeframe for the indicator.
- Indicator Period - Period for the indicator.
- Lot multiplier for martingale - Lot multiplier for martingale.
- Initial martingale lot - Initial lot for martingale.
- Initial martingale lot per balance - Balance per initial lot. (Ex: if Initial martingale lot = 0.01 & Initial martingale lot per balance = 1000, lot will be 0.01 at 1000, 0.02 at 2000, 0.1 at 10000)
- Grid lot - Lot for grid orders.
- Grid lot per balance - Balance per initial lot. (Ex: if Grid lot = 0.01 & Grid lot per balance = 1000, lot will be 0.01 at 1000, 0.02 at 2000, 0.1 at 10000)
- Maximum lot - Maximum lot the EA can use for an order.
- Global TakeProfit - TakeProfit for the martingale. (It will also close grid orders)
- Global StopLoss - StopLoss for the martingale. (It will also close grid orders)
- Grid TakeProfit - TakeProfit for grid orders.
- Grid StopLoss - StopLoss for grid orders.
- Distance between grid orders - Distance between two grid orders.
- Distance between martingale orders - Distance between two martingale orders.
- Distance added every new martingale order. Distance added every new martingale order from last.
- Order number for loss covering. Must be >= 2 - Number of martigale orders that need to be open for activate the loss covering system.
- Loss covering TakeProfit - Loss covering TP
- Magic number - The magic number.
- Show buttons and informations - Display buttons and informations box in the chart.
Recommended balance: low risk: +10,000$, medium risk: +3,000$, high risk: ±500$.
WARNING: I sell all my products only on the official MQL5 website. If you see it somewhere else, it's a scam.