Scalping Straddle EA for XAUUSD for USD Account
- Experts
- Version: 1.0
- Activations: 5
Overview
Straddle Grid EA is an automated trading system for MetaTrader 5 that combines configurable grid trading, straddle-style pending orders, and Bollinger Bands-based entry logic. It includes flexible trade management options designed to help users configure the strategy according to their trading preferences and risk tolerance.
The EA provides adjustable entry methods, lot sizing, basket profit and loss limits, trailing management, and time-based trading controls. Users can enable or disable individual features through the input settings.
Main Features
1. Configurable Grid Trading
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Adjustable number of grid levels.
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Customizable grid spacing.
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Optional price-proportional grid calculation.
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Configurable pending-order management.
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Automatic grid resetting and re-anchoring options.
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Adjustable lot sizes for different grid levels.
2. Bollinger Bands Entry System
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Optional Bollinger Bands-based entry system.
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Configurable indicator period and deviation.
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Buy Stop and Sell Stop entry options.
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Dynamic pending-order updates as the indicator changes.
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Optional mid-band entry configuration.
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Adjustable entry offsets.
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Optional Bollinger Bands squeeze filter using ATR.
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Configurable entry timeframe.
3. Flexible Timeframe Settings
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Option to use a background timeframe for trading logic.
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Independent timeframe configuration for Bollinger Bands entries.
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Ability to separate the chart timeframe from the timeframe used by the EA's analysis.
4. Trend-Based Trading Controls
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Optional trend-based one-side grid management.
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Configurable trend-pause functionality.
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Adjustable lookback period and price-movement threshold.
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Optional trend-related lot adjustment.
5. Flexible Lot Management
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Fixed lot sizing.
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Balance-based automatic lot scaling.
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Separate lot settings for near, middle, and far grid levels.
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Configurable lot multipliers for selected trading and recovery functions.
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Broker volume normalization according to symbol trading specifications.
6. Basket Profit and Loss Management
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Configurable basket profit target.
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Optional alternative basket take-profit target.
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Optional automatic cycle target based on account balance.
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Maximum basket profit limit.
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Maximum basket loss limit.
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Options to close positions when configured limits are reached.
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Options to stop placing new orders after a basket limit is triggered.
7. Trailing and Position Protection
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Optional trailing management.
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Adjustable trailing activation and step settings.
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Optional per-position loss limit based on a specified loss per 0.01 lot.
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Optional equity-based conditions for trailing management.
8. Negative-Position Management
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Configurable limit on the number of losing positions.
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Optional minimum loss threshold for counting negative positions.
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Option to stop placing new orders when the configured limit is reached.
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Optional deletion of pending orders after the limit is reached.
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Optional basket-loss hedge.
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Additional hedge options based on signal lot size.
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Configurable loss-management modes.
9. Advanced Exit Options
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Optional exit after a specified entry level is reached.
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Option to require a minimum basket profit before exiting.
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Optional exit when the market reverses across the price of a selected recent entry.
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Option to close all positions or only positions on the affected side.
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Optional pending-order deletion and grid re-anchoring after an exit.
10. Daily and Weekly Trading Controls
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Configurable daily profit and loss limits.
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Optional percentage-based daily limits.
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Optional trading suspension after a daily loss.
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Configurable Friday cutoff time.
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Option to close positions at the Friday cutoff.
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Option to block new orders after the cutoff.
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Configurable daily time-based position closure.
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Optional daily pending-order reset.
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Automatic reset options after selected closing events.
11. Additional Management Options
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Optional basket recovery engine.
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Optional equity recovery functionality.
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Optional trend rescue and hedge management.
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Optional profit-funded position cleanup.
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Minimum account balance filter for starting new trades.
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Configurable magic number for trade identification.
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Optional chart information display.
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Adjustable logging level.
Customizable Trading Configuration
The EA provides a range of settings to accommodate different trading approaches. Users can configure grid spacing, entry methods, lot sizes, profit targets, loss limits, trading schedules, and position-management rules.
Features that are not required can be disabled through their respective inputs. Actual trading behavior depends on the selected settings, market conditions, and broker specifications.
Installation and Setup
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Install MetaTrader 5.
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Copy the compiled EA file into the appropriate Experts folder.
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Restart or refresh the Navigator window.
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Attach the EA to the desired chart.
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Review the input parameters before enabling automated trading.
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Test the configuration in the Strategy Tester and on a demo account before using it on a live account.
Important Risk Disclosure
Straddle Grid EA does not guarantee profits or prevent losses. Grid and recovery strategies can accumulate multiple positions and may experience substantial floating losses during strong directional movements, market gaps, increased spreads, or periods of low liquidity.
Hedging does not eliminate market risk. Recovery features, automatic lot scaling, and multiple grid entries may increase exposure and margin requirements.
The configured profit targets, stop conditions, and loss limits are strategy controls, not guarantees of the final account result. Execution depends on market conditions, broker rules, available margin, and trading costs.
Users should select appropriate settings for their account size, verify symbol specifications, and thoroughly test the EA before live deployment.
