LimitGrid EA Pro

🛠 EA Name Suggestion: LimitGrid EA Pro

📄 Product Description (English for MQL5.com):

🔹 Overview

LimitGrid EA Pro is an advanced grid trading system that opens orders using only Buy Limit and Sell Limit techniques. Designed for traders who want structured, rule-based trading, this EA integrates RSI and Bollinger Bands filters to avoid overtrading and to improve entry precision.

🔹 Key Features:

• ✅ Limit Orders Only – Uses Buy Limit and Sell Limit, avoiding random market entries

• 📉 RSI + Bollinger Band Filter – Waits for proper oversold/overbought conditions

• 🧠 Combined Take Profit per Side – Closes all buy/sell positions once total profit reaches the defined point value

• ⚖️ Average Price TP Option – Allows TP based on average position entry price

• 💰 Equity Target Auto-Close – Closes all trades when your account equity hits your defined goal, then increases the next equity target step

• 📊 Real-time Dashboard – Shows open order count, current floating profit/loss, and total lots closed today

• 📈 Visual TP Lines on Chart – See estimated TP levels for each side directly on the chart

• 🧹 Smart Order Cleanup – Automatically removes old pending orders when market conditions reverse

⚙️ Input Parameters:

• PointDistance – Grid spacing between limit orders

• MaxBuyOrders / MaxSellOrders – Max number of limit orders on each side

• RSI_Period , RSI_BuyLevel , RSI_SellLevel – RSI settings for entry filtering

• BB_Period , BB_Deviation – Bollinger Band configuration

• TP_Combined_Buy / TP_Combined_Sell – Total profit target per side (in points)

• TP_AveragePoints – Used if you enable average-price-based TP

• EquityTarget_Start – Equity goal to close all trades

• EquityTarget_Step – Increases target after each successful close

📌 Recommended Usage:

• Timeframe: M15 or higher

• Pairs: Any major pair with good liquidity (XAUUSD, etc.)

• Works best in ranging or swing markets

💡 Tips:

• Enable only one TP logic at a time: Combined TP or Average TP

• Set reasonable PointDistance to avoid clustering too many orders

• Use small lot sizes with conservative risk settings when starting

• Attach to one chart only per symbol

✅ LimitGrid EA Pro v1.10 – Updated Version

This version includes several improvements for better performance and user flexibility:

• 🆕 Equity Target Modes: Now supports three flexible options:

  • Disable Equity Target

  • Close orders by Magic Number only (This EA)

  • Close all orders from all EAs

• 🧠 Improved Equity Target Logic:

  • Uses global variable to track and increment the next equity goal

  • Applies to either the current EA or across all EAs, as configured

• 📉 Dashboard Enhanced:

  • Better clarity with color-coded lines and updated floating profit display

  • Now fully auto-clears on EA removal

• 🛡️ Validation Support:

  • Improved dummy order logic for smoother MQL5 validation

• 🧾 Removed redundant equity display line (now shown via dashboard only)