Market / MetaTrader 4 / Experts /

Market Maker Expert

299 USD

Demo downloaded: 196

Published: 20 January 2021

Current version: 3.0

Market Maker Expert

Experts
Oon Kar Lee
Version: 3.0
Updated: 7 April 2022
Activations: 7

MARKET MAKER EXPERT is an customizable advanced, fully automated Grid Trading Expert Advisor developed to trade on MULTIPAIR MODE (EURUSD,USDJPY,USDCHF,USDCAD,EURCHF), by spreading out risks.

Expanding Grid is its speciality. It focuses on opening a large number of orders.

The currency pairs have been chosen carefully to run this system.

Once it analyze the market, it does a hedge order immediately, (so margin levels are not affected on the initial trade)
Starts grid when the price move against one of the trade, while the other Hedge will TP together once the grid basket is closed.

It is able to have fast growth in your account per month.
With such systems, users are advised to do frequent withdrawals.

EA has been optimized for the past 6 months, and also 2017/2018-2020. You can future optimize yourself individually by adjusting the grid distance , larger distance for wild volatile market, small distance for peaceful market, lot multipliers modes.
BACKTEST WITH SET FILE

Working symbol EURUSD Working Timeframe: H1 On Defaults, it trades on EURUSD,USDJPY,USDCHF,USDCAD,EURCHF. SAFE SET FILE YOU CAN ADD OTHER PAIRS AT YOUR OWN RISK. Min deposit: $6000-$10000 if run all pairs, $100 if using CENT account

Features:

Not sensitive to broker conditions
- 1:500 leverage
- VPS is strongly recommended
Backtested with Tick Data Suite real 99% tickdata, variable spreads and slippage.
Easy to install

How to Install:
- Click Buy on MQL5, Log into your MQL5 account at MT4 Tools/Options/Community, then Go to Market Tab, Choose Purchased. MARKET MAKER EXPERT will appear there. Click Install.
- Open MT4/Navigator Menu, Open an empty chart of EURUSD H1
- Drag the EA at Navigator menu, to the EURUSD chart. Make sure Autotrading turned on, Smiley appears on top right corner of Chart.
- Make sure that there are no errors in Experts/Journal tab
- That's it! Wait for Profit! (Remember to withdraw yr profit regularly)

Settings:

Trade Comment- Comment for EA's orders
Magic Number - unique identifier for EA's orders
AutoMM – Enable auto lots
Risk - AutoLot calculation based on deposit. (0.1 recommended)
Manual Lotsize
Multiplier Mode -None 1/1/1/1/1 Linear 1/2/3/4/5 - Aggressive 1/2/4/8 - CustomMult
CustomMultipler - Custom multiplier for lotsize
EA Mode - Pause, Start, Close All if Profit, Close All now
Pair to Use - Use Chart Pair or Use Multipair
Multipair Mode - Insert your Currency Pair here
Grid Mode - NoGrid, Grid, AltGrid
GridDistance - Distance in Pips before 2nd order
Grid Dist Mode - Same Distance, Expand Dist 1/2/3/4/5/6, AggressiveDist 1/2/4/8 CustomDist
Timeframe For New Grid Entry - Grid order open on new timeframe bar only
Distance Multiplier - Custom Multipler for Distance
MaxTrades - Max number of Averaging Trades
TP - In pips
TPMode - TP 1st entry, TP Grid Basket, TP Alternate style1, TP Alternate style2
SLMode - WholeGrid SL in pips, 1st Trade SL, NoSL
SLPips - In Pips
MaxDrawdownSL - Enable Account SL in %
MaxDDPercent - Percent of account to SL
Enable Fixed Trading Period - Look for trades at certain time periods only

Below backtests are fixed lot 0.01, ranging from 2017 or 2018-2020, and June 2020 to Dec 2020.

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Version 3.0 2022.04.07

New settings

Version 2.30 2021.05.28

New Settings for Recent Market Behaviour

Version 2.0 2021.02.22

Important Update
- Settings Modifications
- Streamlined Code

Version 1.20 2021.02.10

- Fixed Manual Lot Bug
- Multipair Mode Grid TP works now.