Creating Simple Grid Martingale EA

General

- RISK FACTOR

- GUI ENABLED

- MAGIC NUMBER

Entry 1: QQE

- RSI PERIOD

- RSI SMOOTHING FACTOR

- QQE BUY LEVEL

- QQE SELL LEVEL

Filter 1: Spread

- SPREAD ALLOW (Enable / Disable)

- SPREAD FILTER (In Points)

Filter 2: QQE Adaptive

- QQE ALLOW

- QQE TIMEFRAME

- RSI PERIOD

- RSI SMOOTHING FACTOR

Filter 3: Parabolic Sar

- SAR ALLOW

- SAR TIMEFRAME

- STEP

- MAXIMUM

Filter 4: Waddar Attar Explosion

- WADAR ALLOW

- WADDAR TIMEFRAME

- DEAD ZONE PIP

- EXPLOSION POWER

- TREND POWER

Grid Martingale

- GRID MODE (ATR / FIXED)

- GRID STEP (In Points Or In Decimals)

- MULTIPLIER

- X TRADES

Exit Strategy

- TP POINTS

- TP %

- SL POINTS

- SL % 

“RISK FACTOR” Calculation

1 = Start 0.1 Lots Every $10000 With Calculated Lot Value Rounded Up To Nearest 0.01

For Example An Account Balance $420000 With “RISK FACTOR” = 0.032,

$420,000 / $10,000 * 0.1 * 0.032

Entry 1: QQE

- Buy On Candle Close If QQE Red Dotted Line Crosses Above QQE Blue Dotted Line Below “QQE BUY LEVEL”

- Sell On Candle Close If QQE Blue Dotted Line Crosses Above QQE Red Dotted Line Above “QQE SELL LEVEL”

- Do Not Enter New Basket When A Current Sell/Buy Basket Is Already Opened

- EA Can Open 1 Basket Each Of Buys And Sells At The Same Time

Filter 1: Spread Filter 

- Ability To Enable Based On “SPREAD ALLOW”

- If Enabled, Do Not Open Trade When Spread Is Above “SPREAD FILTER”

Filter 2: QQE Adaptive 

- Ability To Enable Based On “QQE ALLOW”

- If Enabled, Buys Are Filtered Out If QQE Blue Dotted Line Is Above The QQE Red Dotted Line

- If Enabled, Sells Are Filtered Out If QQE Red Dotted Line Is Above The QQE Blue Dotted Line

Filter 3: Parabolic Sar

- Ability To Enable Based On “SAR ALLOW”

- If Enabled, Buys Are Filtered Out If Sar dot Is Above The Current Candle

- If Enabled, Sells Are Filtered Out If Sar dot Is Below The Current Candle

Filter 4: Waddar Attar Explosion

- Ability To Enable Based On “WADDAR ALLOW”

- If Enabled, Buys Are Filtered Out If Waddar Attar Bar Is Red Or If Bar Closes Below Yellow Line

- If Enabled, Sells Are Filtered Out If Waddar Attar Bar Is Green Or If Bar Closes Below Yellow Line

Griding  

- One Candle Per Trade On Candle Close 

- If “GRID MODE” = Fixed, Grid In Loss When Candle Close In Opposite Direction With Point Value Greater Than Grid Step

- If “GRID MODE” = ATR, Grid In Loss When Candle Close In Opposite Direction With “ATR POINT” Value Greater Than Grid Step

- “ATR POINT” Calculation = DAILY ATR x Grid Step (In Decimals)

For Example When “GRID MODE” = ATR, “GRID STEP” = 0.5, “DAILY ATR” = 900 (Points)

“ATR POINT” Calculation = 0.5 * 900 

Martingale

- Martingale Every “X TRADES” Amount Of Trades

- Martingale By A Factor Of “MULTIPLIER” For Next Sequence

- Lots Size Rounded Up To Nearest 0.01

For Example A Starting Trade 0.1 With “X TRADES” = 3 And “MULTIPLIER” = 1.75,

0.1 - 0.1 - 0.1 - 0.18 - 0.18 - 0.18 - 0.31 - 0.31 - 0.31…

Take Profit

- Take Profit When Basket Reaches “TP POINTS” points From Breakeven 

- Take Profit When Basket Gain Reaches “TP %”

- So At Any Given Point There Would Always Be 2 Take Profits For A Basket

- Use The Take Profit That Is The Neast To Current Price And Place A Take Profit Order

- Meaning That Every Time A New Trade Occurs In Basket, Take Profit Orders For All Trades Are Modified

Stop Loss

- Stop Out Of Basket When Basket Reaches “SL POINTS” Points From Entry

- Stop Out Of Basket When Basket Loss Reaches “SL %”

GUI

- Calculate That Current Drawdown Only For That Specific Pair With That Specific Magic Number

Similar Working EAs For Reference Purposes

- Ranger EA

- Waka Waka EA