Gradale

Overview

The Gradale EA is a sophisticated Expert Advisor designed for traders who prefer a strategy based purely on price action and trend momentum. Developed over seven years of meticulous fine-tuning, this EA delivers optimal performance, particularly in high-volatility currency pairs like GBP/JPY. Extensively tested and optimized for the M5 (5-minute) timeframe, the Gradale EA offers robust and dynamic trading capabilities.

Key Highlights

1. Dynamic Lot Sizing: Adjusts lot size based on account balance and market volatility.
2. Risk Management: Incorporates stop loss, take profit, and maximum risk controls to minimize exposure.
3. Trading Hour Restrictions: Allows trading only during specified hours to avoid volatile or illiquid periods.
4. Proven Performance: Backtested on GBP/JPY, EUR/JPY, and USD/JPY pairs with excellent results.
5. Customizable Parameters: Offers full customization to match individual trading styles and preferences.

Default Strategy and Bonus Strategy

• Default Strategy: Set to false by default. After downloading, set the Bonus strategy to false and the Default strategy (main strategy) to true . The Default strategy is optimized for achieving the results shown in the videos and test reports.

• Bonus Strategy: Set to true by default. Turn it off unless you have the expertise to find and apply optimal settings for this strategy or identify a currency pair that suits it. This strategy was included to comply with MQL5 rules.

Important: Each currency pair exhibits unique trading behavior. This is why we Optimized strategies for each pair to achieve the best results.

Input Parameters

1. General Settings

• InitialLotSize: Defines the starting lot size. Adjust according to account size and risk tolerance.
• MagicNumber: A unique identifier to differentiate EA trades from manual trades or other EAs.

2. Risk Management

• StopLoss/TakeProfit: Define trade exit points in points, balancing risk and reward.
• MaxRisk: Sets the maximum percentage of account balance risked per trade.

3. Trading Hours Restriction

• StartTime/EndTime: Specify restricted trading hours using the "HH:MM" format.
  • Example: To restrict trading from 8:00 PM to 4:00 AM, set StartTime = "20:00" and EndTime = "04:00" .
• RestrictedTime:
  • True : EA avoids trading during specified hours.
  • False : No trading restrictions.

4. Dynamic Lot Sizing

• LotSizeByBalance: Enables dynamic adjustment of lot size.
  • True : Calculates lot size as a percentage of account balance, considering market volatility via the Average True Range (ATR) indicator.
  • False : Uses a fixed lot size based on InitialLotSize .
• LotByBalanceIn: Percentage of account balance used for calculating lot size.
• MinLotSize/MaxLotSize: Safety limits to prevent excessively large or small trades.

Example Configurations

1. Dynamic Lot Sizing Enabled:

   • Set LotByBalanceIn = 2% and enable LotSizeByBalance .
   • EA dynamically calculates lot size as 2% of the balance, adapting to market volatility.

2. Fixed Lot Size:

   • Set InitialLotSize = 0.1 and disable LotSizeByBalance .
   • Trades will always use a lot size of 0.1.

Recommendations

For New Traders

• Use default settings on GBP/JPY with the M5 timeframe.

For Experienced Traders

• Experiment with additional JPY pairs and timeframes.
• Adjust parameters cautiously for optimal results.

General Advice

• Always practice disciplined money management to safeguard your capital.

Test Results

Testing Period

• Duration: 2024/01/01 – 2024/12/27
• Currency Pair: GBP/JPY
• Recommended Timeframe: M5

Default Settings

• Stop Loss: 455 points
• Take Profit: 3000 points
• Trailing Start: 200 points
• Trailing Step: 220 points
• Initial Deposit: $10,000

Results

• JesLyn Boolean set to False : $160,000
• JesLyn Boolean set to True : $202,000