Royaluz
- Experts
- Ozodbek Nuraliyev
- Versione: 2.0
Robot Name: ROYAL MT5
Platform: MetaTrader 5
Version: 1.00
Author: Royal MT5
Main Function:
Royal MT5 is a professional Trend Grid Trading Expert Advisor using a Martingale strategy. It automatically closes trades when the floating take profit target is reached and identifies the trend using candlestick analysis.
Strategy Features:
- Trend Detection:
- Uses the last 3 candles (configurable) to determine trend.
- Trend filter can be turned ON/OFF.
- Avoids false signals from Doji candles.
- Grid & Martingale:
- Initial lot: 0.01 (adjustable)
- Lot multiplier: 1.43
- Maximum lot: 1.0
- Grid distance: 100 pips (adjustable)
- Martingale increases lot size for subsequent trades
- Take Profit & Risk:
- Floating TP: Closes all positions when total profit reaches a preset USD amount (e.g., $3).
- Martingale strategy is high-risk, proceed with caution.
- Automatic Operation:
- Works on every new candle.
- First trade opens after the trend is detected.
- Grid trades automatically open if the price moves the specified distance.
- Dashboard & Monitoring:
- Displays total lots, positions count, profit, and trend status.
- If the trend is not locked, the EA waits for a new trend.
- Safety & Margin Checks:
- Checks lot size and margin.
- If margin is insufficient, lot size is reduced or trade is canceled.
Usage Recommendations:
- Test the EA on a demo account first.
- The Martingale strategy can lead to large losses, so use cautiously.
- Adjust grid distance and lot multiplier according to market conditions.
