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Magic Grid

Magic Grid is a grid Expert Advisor using no indicators. The strategy is based on automatic re-opening of profitable orders placed with a certain step from the very beginning of the EA operation. The robot trades on any timeframe and symbol. It can also trade several symbols with any amount of decimal places. It does not interfere with manual trading and other EAs' operation. The robot works only with its own orders displaying all necessary data on them when needed.

The Magic Grid info panel provides effective control over the EA's entire trading process in conjunction with notification system. The panel allows you to check the claimed amount of orders relative to their real market number. Depending on the situation, the EA provides a variety of reports on critical changes in its operation and errors. For example, it notifies of the number of restored orders in case some of them were triggered when the terminal was closed. It also alerts on exceeding the limit of maximum allowed orders, as well as on the fact that a pending order was not placed because of a price being too close, etc.

Besides, it often provides tips about what to do in a particular case.

The EA is not resource-consuming. All recalculations are performed only in the following cases:

  • the EA has been restarted
  • the EA settings have been changed
  • symbol change
  • timeframe change
  • an order has been closed or a new one has appeared

Switching between timeframes can be used as a forced recalculation in case you have any doubts in the EA operation efficiency or you need to speed up any process, for example, if one of the pending orders is not placed at the very beginning because of a price being too close.


Settings

At first glance, the settings seem to be too numerous. However, they are quite simple and allow you to configure a grid with a required degree of flexibility.

  • Buy First - initial price for buying (any value selected by a trader)
  • Sell First - initial price for selling (any value selected by a trader)
  • Quantity BuyUP from Buy First - number of Buy orders up from the initial price (can be zero)
  • Quantity BuyDOWN from Buy First - number of Buy orders down from the initial price (can be zero)
  • Quantity SellUP from Sell First - number of Sell orders up from the initial price (can be zero)
  • Quantity SellDOWN from Sell First - number of Sell orders down from the initial price (can be zero)
  • Step - grid step between same-type orders (in points of a selected pair)
  • Take profit - take profit for each order of the EA (can be zero)
  • Stop loss - stop loss for each order of the EA (can be zero)
  • Lot - lot size for each order of the EA
  • Magic number - any figures allowing the EA to distinguish its own orders (should be changed if the EA is used on several pairs)
  • Language - switching the EA language (English/Russian)
  • Expert's comment - user comment for each order
  • Dashboard -- display the info panel managing the amount of EA orders on the market
  • Transparency of the dashboard - Dashboard transparency (better to disable if "Chart on foreground" is selected in the chart settings)
  • Debugging - required for more detailed error report in the EA operation when necessary


Testing

When testing the EA in the strategy tester, consider the maximum number of orders allowed by a certain broker. If the value is exceeded, not a single order is placed!

All missed ticks reduce the EA efficiency, since its operation is based on volatility. The lower the volatility, the lesser the probability to fix a potential profit.

Comentarios 1
Jonah3000
267
Jonah3000 2020.09.20 11:30 
 

Very useful EA. Best if you know direction of market, or when market will consolidate.

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ONLY 9 COPIES OUT OF 10 LEFT AT $1399! After that, the price will be raised to  $1749 My telegram channel:   https://t.me/new_signals My telegram contact:  https://t.me/paveludo My WeChat ID: PavelUdo North East Way EA  it is a fully automated “rollback” trading system, which is especially effective in trading on popular “rollback” currency pairs: AUDCAD, AUDNZD, NZDCAD. The system uses the main patterns of the Forex market in trading - the return of the price after a sharp movement in any di
1 399 USD
EA Beast
Ramil Minniakhmetov
The EA uses a reversal model, taking into account the nature of the movement of currency pairs to return to its trading range. The trading system is suitable for both experienced traders and beginners. The EA has protection against high spreads and allows you to trade with a fixed or automatic lot size. Real operation monitoring as well as my ot her products can be found here:  https://www.mql5.com/en/users/mechanic/seller Telegram is  here . Inputs Value New Cycle  —   when enabled, the
35 USD
Perfect Score
SERGEI RIEBIN
This robot enters the market at the opening of London Stock Exchange (LSE). It is based on short-term reversal patterns which use the tendency of FX prices to move toward their average value during the LSE session . The EA does not use indicators, grid, martingale, arbitrage. The trading system is suitable for both experienced traders and beginners. The EA includes protection against high spreads, and allows you to trade with a fixed or automatic lot size. Monitoring - most popular signal at MQL
1 499 USD
Magic Seven MT4
Ozkan Kara
Price: $995        This price is only for first 5 buyers ! Next Price: $1295   Magic Seven  is a fully automated  EURUSD Daily Trend System. Before London Trading Season, EURUSD movements are small and predictable. The system focuses only   Small and Steady Profits . The EA does not use grid, martingale, averaging  or other dangerous strategies.   It uses fixed stoploss for every position. I will always help you, please contact me ! General Strategy Definition Correct Open Time:    It opens
995 USD
QFX Team ROBOT
Salvatore Caligiuri
PROMO PRICE - 100$ COPIES AVAILABLE: 2 - NEXT PRICE: 200,00$ ONLY FOR NEXT 2 BUYERS ADDITIONAL GIFT: Royal Entry EA (MT4): click here to open product page  or Versus Yen EA (MT4): click here to open product page To request your gift send email at info@qfxteam.com QFX Team ROBOT  is sophisticated algorithm developed to catch fast movement on GBP pairs using a STRICT STOP LOSS based strategy. Our goal is to reduce risk and drawdown making profit with a lower percentage of winning
100 USD
R Factor EA
Raphael Minato
R FACTOR Expert Advisor with Proprietary Dynamic Portfolio Management System Special Release Offer!!   The first 10 customers  that purchase R Factor will be eligible to allocate its account on our private VPS to run R Factor Full Portfolio for  1 year, without any additional cost!  Our VPSs are accessed exclusively by our team where we run all R Factor strategies you can check on our signals page. After 4 years of development and almost 3 years of real positive results , we are finally conf
499 USD
Golden Ticket
Ramil Minniakhmetov
  Golden Ticket   works on the WPR indicator - which allows you to determine the oversold and overbought conditions of an asset and enters at possible reversal points. Real operation monitoring as well as my ot her products can be found here:  https://www.mql5.com/en/users/mechanic/seller Telegram is  here . Recommendations Recommend pairs EURUSD  Time Frame  M15  Recommend deposit  1000 usd or 1000 cents  Recommend settings   Default settings XAUUSD here Inputs Value New Cycle  —   whe
35 USD
MutantGrid
Evgeniy Zhdan
The Expert Advisor works on the principle of building small grids, from which one common (large) grid of orders can be formed. Lot increase occurs for each small grid separately. Closing orders - according to the total profit of all small grids: Profit in points (setting Profit points); Profit as a percentage of the deposit (setting Take profit percent), if the condition is met - open orders are more or equal than specified in the setting "How many orders to close a project by percentage?". Thi
380 USD
EA News
Konstantin Kotlov
EA News that includes multiple strategies for trading rapid price swings. It is designed to simplify the placement of pending orders at a specified distance from the price of price channel. The EA can trade both the price breakouts and rebounds. There are two trading modes: Automatic - the EA downloads the news from the site http://ec.forexprostools.com/. When it finds the symbol of the currency pair and the specified volatility of the news, it places pending orders several minutes before the re
39 USD
Otros productos de este autor
Elastic Grid
Aliaksandr Charkes
The Elastic Grid is a multi-functional grid Expert Advisor, designed for full or partial automation of various ideas related to grid trading. The EA trades on any timeframe and symbol. It can also trade several symbols with any amount of decimal places. It does not interfere with manual trading and other EAs' operation or any indicators. It allows to adjust its settings on the fly, works only with its own orders displaying all necessary data on them when needed. Key features of the Expert Advi
60 USD
Filtro:
Jonah3000
267
Jonah3000 2020.09.20 11:30 
 

Very useful EA. Best if you know direction of market, or when market will consolidate.

Respuesta al comentario
Versión 3.64 2018.07.20
Added the ability to define separate setting for BUY and SELL orders.

Fixed some bugs.