Multi Grid EA

Multi Grid EA

Multi Grid EA

Multi Grid EA – an expert who can work on any chart and timeframe. It does not use indicators. Trade is based on the price action on the grid. The principle of operation of the expert is that he will expose new trades while the market continues to move against the last trade. Each new trade is set at a particular level of the grid. And with each new Trade expert enters the market at the best price, because the probability that the market will turn, with each new Trade increases. This advisor is able to trade on one grid or several flexible nets. Input parameters are specified in the compressed form in order to save space, which is convenient when using multiple screens. The expert can operate in fully automatic and semi-automatic mode. It depends on the set parameters. In addition, the expert uses a default hedge, so for it to work hedging should be resolved by the broker.

Input parameters

  • Last_CycleWhen set to true, the expert will work only one cycle, after the close of trading that will follow will be stopped. If, during the cycle, the parameter is set to true, the adviser will complete the current cycle in standard mode, and then stop working. If true, this option also allows you to use the adviser in a semiautomatic mode. For example, you trade manually and suddenly noticed that the market is oversold and will soon turn around and go up. In this case, you can connect the adviser and set to true. Advisor to set the grid (grid). Then the market will turn around and go up, and when the loop is closed, the adviser will stop trading. If this parameter is set to false, the expert will work non-stop.
  • Initial_Lots – This parameter specifies the initial auction for the first trades in the grid. Subsequent lot sizes in the grid will be determined on the basis of said initial lots.
  • Group_TP – This parameter sets the TP for the entire cycle of trades. It is based on the amount of actual earnings in the account currency, not in pips or points. When the total profit of all transactions will be equal to or exceeds the specified value, the loop is closed. A value of 0 disables TP.
  • Group_SL – This parameter sets the SL cycle for all trades. It is based on the amount of actual losses in the account currency, not in pips or points. When the total loss of all transactions is less than or equal to the specified value, the loop is closed. A value of 0 disables SL.
  • Trade_Numbers – This is a string parameter that defines the number of trades for each grid. When using multiple meshes its value, separated by a comma ( “,”) is set for each grid. To illustrate the operation of a parameter can be considered default. For example, if set to “5”, it means that only one will mesh with the total number of trades to 5. If set to “5.10”, which means that there will be 5 trades to the first grid, and the next – 10 trades, etc.
  • Trade_Pip_Distances – This is a string parameter that defines the number of points in each grid. When using multiple meshes its value, separated by a comma ( “,”) is set for each grid. To illustrate the operation of a parameter can be considered default. For example, if “10”, this means that only one will mesh with the distance between levels of 10 points. If the value is “10.15”, it means that will mesh 2, in the first of which the distance between the levels will be 10 points, and the next grid 15, it will be equal to points etc.
  • Trade_Lot_Multiplier – This parameter is a string that defines the size coefficient, which is multiplied by the auction for each trade in each grid. The value should be greater than or equal to 1. When using multiple grids its value, separated by a comma ( “,”) is set for each mesh. To illustrate the operation of a parameter can be considered default. For example, if set to “1.5”, this means that there will be only one mesh and lot score for each of the grid in the trade will be equal to 1.5. If set to “1.5,2”, it means that the grid is 2, the lot score for each trades first grid is equal to 1.5, and the next grid to each lot Trade factor will be applied, equal to 2, etc. All ratios, which is multiplied by the lot, are used in relation to the last open trade. For example, if the size of the last lot of open trades is 1.00, and the lot factor is 2, then the size of the new bid will be equal to the trade 2.00.

Note: 3 parameters above have an identical format and values ​​are related to each other. For example, if one of the parameters has a meaning of a single number (i.e., one grid is used), and the other two parameters must also correspond to it according to the format. Installing each grid goes from left to right.

  • Max_Slippage – This parameter determines the maximum size of the slip, allowed the performance. It is measured in points.
  • Magic_Number – This is the default option to install the magic number.
  • Use_Time_Restrictions – If true, the new cycles can be limited to a certain time of day and / or specific days of the week. This will use the parameters described below. If the setting is false, the expert will work non-stop, ignoring the parameters indicated below.
  • Times_Allowed – This is a string parameter that defines the permissible time interval, during which can open new cycles trades. To illustrate the operation of a parameter can be considered default. Do not add any extraneous characters, letters or spaces. For example, the values ​​”08.00-16.00″, “08 00-16 00” and “08,00-16,00” are incorrect. Proper format, “08: 00-16: 00.” You can set both the clock and minutes. To disable the option, leave it blank.
  • Sundays – If set to true, the new cycles can be opened on Sunday. If false, the new cycles may not open on Sunday.
  • Monday – If set to true, the new cycles can be opened on Monday. If false, the new cycles can not be opened on Monday.
  • Tuesday – If set to true, the new cycles can be opened on Tuesday. If false, the new cycles can not be opened on Tuesday.
  • Wednesdays – If set to true, the new cycles can be opened on Wednesday. If false, the new cycles can not be opened on Wednesday.
  • Thursdays – If set to true, the new cycles can be opened on Thursday. If false, the new cycles can not be opened on Thursday.
  • Fridays – If set to true, the new cycles can be opened on Friday. If false, the new cycles can not be opened on Friday.

Note: If you currently have an open cycle and activates one of these time parameters, the current cycle, although it is closed in standard mode. However, the new cycle will no longer be opened.

Multi Grid EA

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