Efficient Grid EA
- Experts
- Alessandro Bartolini
- Versão: 1.0
- Ativações: 5
Efficient Grid EA** - Expert Advisor for Automated Grid Trading
This Expert Advisor (EA) automates a Grid trading strategy for MT5.
Key Features:
- Flexible settings:
- Automatic lot size calculation or use a fixed value.
- Pip-based Take Profit to close positions in profit.
- Open buy and/or sell positions based on your preferences.
- Profit strategy:
- Choose to use Take Profit in pips as your closing strategy.
- Advanced risk management:
- Limit trading on both sides simultaneously to reduce potential drawdown.
- Define the distance between orders in the grid and increase it gradually with a multiplier.
- Limit the maximum spread accepted to enter a trade.
- Limit the maximum number of open trades for each side (buy or sell).
- Limit opening only one trade per candle to avoid overlaps.
- Drawdown Recovery:
- Enable the drawdown recovery function to close losing positions after a certain number of consecutive losing trades.
- Information panel:
- Display a graphical panel with detailed information about the EA (optional).
Customizable parameters:
- Lot size: choose between automatic calculation or fixed value.
- Take Profit: set the number of pips of profit to close positions.
- Opening positions: enable or disable opening buy or sell positions.
- Risk management: configure distance between orders, multiplier, maximum spread, maximum number of trades per side, and single opening per candle.
- Drawdown Recovery: activate the function and set the number of consecutive losing trades before closing losing positions.
- Information panel: choose whether to display the graphical panel.
- Magic Number: identifies the EA in the trading platform.
Before using this EA, please test it thoroughly on a demo account.
ohAlee (c) 2024
