Grid Zone MT5
- Experts
- Paranchai Tensit
- Versão: 16.6
- Ativações: 20
Grid Zone MT5 is an automated expert advisor. The system uses filtering measurements from trend signals to create buy zones and sell zones. Trading signals are processed by allocating them into the design zone. The system will automatically calculate the grid distance or the user can set it manually.
- The key is that it works well in all market conditions, either trend or sideways.
- The system has automatic management in terms of limited orders.
- The system can automatically manage delete pending orders in the case of the opposite trend.
- Users can set the time period of the data history to be used in determining trading zones.
- Importantly, the system does not need to stop waiting for news filtering and can be traded full-time in all conditions.
The actual mechanism in the original code is designed like this:
1. The system opens the Grid as Pending orders.
2. When the price surges strongly and hits those Pending orders, converting them all into Positions, or when any remaining Pending orders are deleted,
3. When the CountBuyLimit() or CountSellLimit() function detects that there are "no more Pending orders left to trap in the market,"
4. It then opens a new grid, continuing to trap orders to continuously average the cost (Dollar Cost Averaging - DCA).
5. The end of all these orders is controlled by the CloseAverage() and ClosePendingToo() functions. That is, "when the total profit from all trades (from all open sets) reaches the set target (Balance Target / Equity Target), it will clear and close all trades and Pending orders simultaneously," compensating for any negative trades.
Key Features
- Trades on different timeframes, recommended M15.
- Trades on any pair, recommended EURUSD, GBPUSD
- Initial deposit: $ 500 up
- It is recommended to use a low spread ECN Broker, 1:500 leverage
- Using every tick or real ticks data in backtest with 100% modeling quality
Parameters
- MagicNumber - magic number to set the ID for each EA
- Lots - initial lot size
- LotSize_Plus - lot size increased by 0.01 when set to ‘true’
- Grid_Step - Grid_Input_Step / Grid_Auto_Step
- Grid_Sell_Step - grid distance for sell zones
- Grid_Buy_Step - grid distance for buy zones
- Grid_Pending_Order - maximum pending orders on both the buy and sell side
- Period_bar_back - the number of bars count in the history for create zones, It is necessary to download historical price data so that the system can create trading zones from the historical candlestick history to be used as trading signal indicators.
- Price_Level_Delete - pending orders can be automatically deleted by measuring the distance between the specified price level and the current price
- Close_minimum_Pending_orders - true/false, optional to enable or not, the original system will remain if not enabled.
- minimum_pending_orders - minimum pending orders to close
- Show_Trade_Level - shows entry price for open positions when set to ‘true’
- Grid_Orders:
- Grid_Sell_Zone - only sell orders
- Grid_Buy_Zone - only buy orders
- Grid_Combine_Zone - both buy and sell orders
- Grid_Profit - Balance/Target
- risk - profit risk rate
- Target_money - target profit
- DDCloseAll - enable drawdown percent close, set true or false
- DDPercent - set the percentage to cut loss, % drawdown
- Slippage - slippage value in points
- MaxSlippage - maximum allowable slippage value in points
- StartTradeTime - set time to start trading
- EndTradeTime - set time to end trading
- BrokerGMTOffset - Your Broker GMT Offset
- TradeMonday_Mode - set ON/OFF for Monday trading
- AfterHourMonday - after hours Monday start
- TradeFriday_Mode - set ON/OFF for Friday trading
- AfterHourFriday - after hours Friday close
- CloseOrderFriday - closing profit orders on Friday
- CloseProfitFriday - profit amount
- CloseAllFriday - close all orders on Friday
- Display Settings - apply default or change display position
- Top - distance from the top
- Left - distance from the left
- News Filtering Function:
- UseNewsFilter - set true or false
- BlockLowImpact - Set true or false for Low Volatility News filter
- BlockMediumImpact - Set true or false for Moderate Volatility News filter
- BlockHighImpact - Set true or false for High Volatility News filter
- MinutesBeforeNews - Set minutes for Stop Before News
- MinutesAfterNews - Set minutes for Stop After News
- DrawNewsLines_Enabled - set true or false
