Multi Grid EA

The Multi Grid EA

 is a grid trader based on the concept of the golden ratio (1.618 ...), which is manifested in the Fibonacci series. Precisely  this number it used concepts that characterize the principles of Elliott Waves by which this EA, using other indicators, takes any action for trading. As a grid trader must use  indicators to determine market conditions and create the hedge for the current price with a STOP and LIMIT order to profit in that direction. We don’t use a BUY trade or a SELL trade, but  use pending LIMIT/STOP orders to open the first trade of a grid.

The Strategy

The Multi Grid EA

 Uses LIMIT trading to add to the basket of trades. It starts placing trades by bracketing the current price with STOP/LIMIT trades with a particular strategy. The BestIA uses up to three indicators in its entry decision making process. You can use them all together or separately:.

• Moving Average (MA)
• Bollinger
• Multiple Time Frame Indicator (MTF)

The Main Indicators

By default MA is turned on and used as the base indicator. The first position will cause to create a grid with a maximum of 15 orders, increasing with a progressive strategy the size of each lot (0.01,0.02,0.03,0.04…) based on the total balance.

Bollinger monitors if the basket is closed in extra-volatility.

MTF is based on a proprietary policy developed  and read signals on different time frames.

General Account Settings

• StopTrading : it will stop the EA trading after any open trade have been closed
• StopTradePercent : percent of account balance lost before trading stops
• PortionPC : Percentage of account you want to trade on this pair
• PortionChange: Significant if basket is open: 0=no Portion changes;1=allow portion to increase; -1=allow to increase and decrease
• MaxDDPercent : Percent of portion for max drawdown level
• MaxSpread: Maximum allowed spread while placing trades

Entry Strategies Settings

• UseAnyEntry: true = ANY entry indicator below can be used to open orders, false = ALL entry indicators below are used to open orders
• MAEntry: (Moving Average indicator) 0 = Off, 1 = will base entry on MA channel, 2 = will trade in reverse
• BollingerEntry: (Bollinger indicator) 0 = Off, 1 = will base entry on Bollinger Bands, 2 = will trade in reverse
• MTFStoEntry: (Multi Time Frame Stochastic indicator) 0 = Off, 1 = will base entry on MTF Stochastic

Settings for lot size

• UseMM : (Use Money Management) if true it will use a management to maximize the security for your balance
• Lot: Starting lots if Money Management is off

Grid Parameters

• EntryOffset: In pips, used in conjunction with logic to offset first trade entry
• GridSetArray: Specifies number of pips away to issue a limit order (separated by comma)
• TP_SetArray: Take profit for each block (separated by comma)

Trading Settings

• MaxTrades: Maximum number of trades to place (stops placing orders when reaches MaxTrades)
• BreakEvenTrade: Close All orders, when this level is reached, doesn't wait for TP (Take Profit) to be hit

Entry Settings for Moving Average

• MAPeriod: Period of MA (H4 = 100, H1 = 400)
• MADistance: Distance from MA to be treated as Ranging Market

Bollinger Bands Entry Settings

• BollPeriod: Period of Bollinger
• BollDistance: Up/Down spread
• BollDeviation: Standard deviation multiplier for channel

Best Practices

You can use all Major Pairs. the H1 frame is the best one

Trading on different pairs allows to diversify risks, reducing the possible maximum withdrawal.

Diversification is very important and we suggest to use this kind of configuration:

• Minimum balance per pair: $ 1,500/2,000
• Initial Lot Size: 0.01
• PortionPC: 50%
• MaxDDPercent: 50%

This set of main parameter will allow you to have a lower risk.

should be usable for 4/5 digit brokers. 

I can not go higher than 30 USD so do not bid above that.

good coding is important so I do not care if you finish it on one day or 5.

serious coders only.

please look files

THANKS