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PipFinite Trend Grid EA MT5

Smart Grid Trading Expert Advisor Based on the Direction of the Trend.

This EA uses an innovative approach in grid trading equipped with customizable parameters.

Optimized settings and results can be accessed on our Private Telegram Group.


Private Telegram Group Access

Send a proof of purchase to ► support@pipfinite.com / MQL5 Private Message

Free settings on telegram channel ► https://t.me/pipfinite/508


Notes

  • EA will only work on LIVE if you purchased the indicator: PipFinite Trend PRO MT5
    • If you haven't purchased PipFinite Trend PRO MT5, you can still backtest the EA by downloading the "Free Demo" of the indicator.
      • To Enable trading set "T.Pro.1 Enable"  to "Yes"  (See Image)
      • EA Does NOT use the standard Stoploss, only invest what you can afford to lose.
        • Alternate Drawdown based Stoploss can be used to cut loss on a desired percentage (See Image)
      • We recommend Turning OFF the EA during Major News/Economic events.
      • Regularly withdraw your profits because the strategy involves greater risk.

      Features

      • Uses Grid and Averaging of positions.
      • Buy and Sell grids working independently.
      • Martingale can be used by increasing the Lot Multiplier.
        • Lot Multiplier = 1.00 No Martingale.
        • Lot Multiplier > 1.00 Martingale (Increases Lot sizes on next grid trades)
      • Trend Pro Success Rate can be used to filter trades.
      • Higher Timeframe Filter can be used to filter trades.
      • EA uses 3 Phases: First Trade, Middle Step and Final Step. (See Explanation Here)
        • Each Step can be configured in terms of grid distancing and Take Profits.
        • Middle and Final Step grid distance can be dynamic by adding a trend filter each step.
      • Works in any Pair & Timeframe.
      • Settings can be customized depending on requirements and risk appetite.


      Parameters

      Risk Management Settings

      • Trades Type - Buy & Sell, Buy Only, Sell Only.
      • Lot Selection - Use Fixed Lots or Per Balance.
      • Lot Size / Balance - Lots to use per balance.
      • Balance - Balance to use per lots.
      • Fixed Lot Size - value for fixed lot size.
      • Lot Multiplier - factor used to increase lots.
      • Max Lot Size - max lot size the EA can use.

      Grid Settings

      • First Trade TP - take profit of first trade.
      • Middle Step Grid (Min) - minimum distance to open middle step grid.
      • Middle Step TP - take profit from the Breakeven Level of middle step grid trades.
      • Middle Step Limit - maximum count of middle step grids.
      • Final Step Grid (Min) - minimum distance to open final step grid.
      • Final Step TP - take profit from the Breakeven Level of final step grid trades.

      First Trade Entry

      • T.Pro.1 Enable  - set to "yes" so that EA can trade based on the Trend Pro signal.
      • T.Pro.1 New Signal Only - set "yes" if you want EA to trade new signals only.
        • Yes = 1 basket per trend. EA only takes trade on a new Trend Pro signal (Less Trades) (See Image)
        • No = More baskets per trend. When basket is closed in profit, another basket will be opened with the trend (More Trades) (See Image)
      • T.Pro.1 Use Success Rate - set to "yes" if you want to filter signals based on Trend Pro Success Rate.
      First Trade Filter
      • T.Pro.2 HTF  Enable - set to "yes" so that EA can trade based on the Trend Pro Higher Timeframe Trend (See Image)
      • T.Pro.2 TF - higher timeframe filter used.

      Middle Step Filter - Optional (See Image)

      • T.Pro Filter (Middle) - set to "yes" if you want the middle grid step to wait for the trend before trading.
        • Enabling this will make grid spaces bigger. It needs to reach "Middle Step Grid" first, then wait for the trend before trading.

      Final Step Filter - Optional (See Image)

      • T.Pro Filter (Final) - set to "yes" if you want the final grid step to wait for the trend before trading.
        • Enabling this will make grid spaces bigger. It needs to reach "Final Step Grid" first, then wait for the trend before trading.

      Trade Management Settings (See Image)

      • Max Drawdown% - Percentage of drawdown for EA to close all trade to avoid further loss.
        • This is considered as an alternate stoploss to cut your losses.

      Trade Time Filers - Set time you want EA to take first trade (See Image)

      Trade Schedule Filters - Set the days you want EA to take first trade.

      • Once the first trade is opened, succeeding trades will continue based on the grid distances.

      Graphics Settings - Settings for dashboard info on screens and line display on chart.


      To Join Telegram Group

      Send a proof of purchase to ► support@pipfinite.com / MQL5 Private Message

      Free settings on telegram channel ► Click Here

      Reviews 1
      Javier Santiago Gaston De Iriarte Cabrera
      315
      Javier Santiago Gaston De Iriarte Cabrera 2021.01.13 05:31 
       

      I needed it

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      I needed it

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      Version 2.0 2021.01.18
      Improvements to the new build
      Version 1.8 2020.12.16
      Updated Auto Magic Number code.
      Updated Dashboard
      Version 1.6 2020.12.13
      Fixed an issue regarding Max Buy and Max Sell orders
      Version 1.5 2020.11.09
      Updated defaults parameters same as MT4 version.