Iron Trader MT5

Universal Advisor. Works as a scalper and dynamic order grid. Applies levels of stop orders, stop loss, take profit and trailing stop that are invisible to the broker. Level values can be given in pips or percent of average price volatility (ATR). It can work at a specified time, has protection against slipping and expansion of the spread. The graph displays information about the quality of execution of orders, profits and current open positions (the number of orders, the number of lots and profit). Suitable for working with any brokers, including American brokers with the requirement of FIFO.

MT4 version of Iron Trader Advisor

Money Management: 

• FIX_START_LOT - fixed starting lot for each N amount from the balance (FROM_BALANCE);
• FROM_BALANCE - N balance amount for the calculation of the starting lot (FIX_START_LOT);

• Balance 300
• FIX_START_LOT - 0.01;
• FROM_BALANCE - 300;

Starting lot will be = 0.01.

Dynamic order grid: 

• LOT_MULTIPLY - lot multiplier in the order grid;
• START_MULTIPLY - from which order to start increasing the lot;
• MIN_GRID_STEP - the minimum step between orders;
• GRID_PRICE_STEP - the minimum step for the price movement;

Example number 1:

• MIN_GRID_STEP = 100;
• GRID_PRICE_STEP = 200;

When the price passes 300 (MIN_GRID_STEP + GRID_PRICE_STEP) pips in the opposite direction from the last open order, the virtual level of the STOP order will be established - the price of the last open order +/- MIN_GRID_STEP. The order will open at the set level, but if the price continues to move in the opposite direction by N pips (MIN_GRID_STEP + GRID_PRICE_STEP), the level of the STOP order will change - the price of the last level +/- MIN_GRID_STEP pips.

Example number 2:

• LOT_MULTIPLY = 1.5;
• START_MULTIPLY = 3;