EXPERT : RSGridy

I will describe you how i want the expert, in the function and in the « placement » section of     metatrader 5.

Dynamic lotsize balance (0.01 lots per 100 euros of balance or equity)

Fixed lotsize = XX lots

Selection of the TP distance in pips:

Selection of the Stoploss distance in pips :

A stoploss tracker if the recovery mode isn’t activated.

A trade will be call a RUN

Choose the number of maximal run per symbol ( THE MAXIMUM WILL BE 2 run simulteaneously epr symbol) one BUY run and one SELL run.

If a trade is already running with the recovery trade or not, i have to choose if another Run is launch or if its one run by one run. Imagine a trade is already working with a buy and some recovery trade, and then a sell signal appear, i can chose if we launch the second run or not.

Project creation of a grid algorithm that can use 2 filters for the decision.

The filter will adapt on the timeframe the expert is used.

Time frame for exemple trading is allowed between 08h and 22h gmt paris. RSI ENABLE or disable

  RSI 

  The ability of Choosing the RSI Level of Overbought and oversold and period. When the parameters are activated and chosen.

The decision will be based on 2 criteria ( Depending of enable or disable) for a BUY :

If the RSI is equal or under the level of RSI chosen when the candle close.

Are we in the time période where trading is allowed ? if Yes = LAUNCH A BUY RUN

If theses 2 criterias are simultaneously fullfilled so the expert will BUY

The decision will be based on 2 criteria ( depending of enable or disable) for a SELL :

If the RSI is equal or above the level of RSI chosen when the candle close.

Are we in the time période where trading is allowed ? if yes = LAUNCH A SELL RUN

Now the GRID / recovery  part : This function can be turned ON or OFF

▪        Number of recovery trades: Maximum number of recovery trades that will be done.

▪        Start Recovery at Loss (pips): Loss in pips at which the first recovery trade will be sent.

▪        Recovery Trades Distance (pips): Distance in pips between the recovery trades.

▪        Recovery Profit Target (pips): Profit Target for the recovery. Example: 0 would result in an attempt to break even.

▪        Recovery Lot percentage (%): Percentage of the original position size that will be used for each trade. Example: Original position lot size 5 and Recovery lot percentage 50 would result in recovery trades with 2.5 lot.

THE STOPLOSS OF THE RECOVERY TRADES ARE THE SAME THAN THE FIRST

STOPLOSS of the first normal trade. The stoploss is the same for the whole run.

Info PANEL SHOW some informations : LOTSIZE , stoploss in value, stoploss with all the grid parameters if (grid is turned) on in value.

example of a buy run

SELL RUN EXAMPLE :