SetkaRangeEA

SetkaRangeEA  Multi-Wave Grid Trading Robot for MetaTrader 4

Overview

SetkaRangeEA is a fully automated grid trading Expert Advisor for MT4. It uses a multi-wave averaging system (Wave 1 + Wave 2 + Wave 3) to enter the market on technical signals and systematically manage positions through a structured grid.

Key Features

• Three-wave grid averaging system
• Signal engine based on RSI, Stochastic, ATR, and Daily Range filter
• Dynamic lot sizing based on account balance
• Trailing Take-Profit and Trailing Stop-Loss
• Automatic Break-Even protection
• Advanced risk management (max drawdown + daily loss limit)
• User-friendly interactive GUI panel

How the Grid Works

• Wave 1 — Main grid (default step 60 pips)
• Wave 2 — First additional averaging layer (activates on deeper drawdown)
• Wave 3 — Final deep averaging layer (last line of defense)

Each wave has independent step size and lot settings.

Entry Signals

The robot opens trades when the following conditions align:

• RSI in oversold/overbought zone
• Stochastic shows momentum reversal
• Sufficient market volatility (ATR filter)
• Price is in the extreme 25% of the daily range (optional)

Profit Management

• Global TP — closes entire grid when total profit reaches target in USD
• Trailing Take-Profit — smart profit locking
• Trailing Stop-Loss — protects earned profit
• Break-Even — moves individual orders to breakeven

Risk Management

• Maximum account drawdown protection
• Daily loss limit
• Per-grid drawdown protection

GUI Control Panel

• Switch between Auto and Manual mode
• Enable/disable any filter directly on chart
• Choose trading direction (Buy only / Sell only / Both)
• One-click emergency close of all orders

Recommended Settings

• Conservative — smaller lot, fewer orders, wider grid step
• Aggressive — larger lot, more orders, tighter grid step

Best suited for liquid major pairs: EURUSD, GBPUSD, AUDUSD, USDJPY, etc.