Grid Trading EA

The Grid Trader Expert Advisor is a very special algorithm that allows traders to benefit from sideways markets. It trades long and short sides separately and creates two different grids according to its setting. Each side has its account and virtual take profit, determined in money.

EA also uses virtual stop loss based on the account’s percentage amount. Traders can work with a classic grid where the distance between orders is fixed or choose a more “adaptive” dynamic grid with ATR-based distance orders.  

This EA is not a “plug and play” or “ready-made” trading robot. It was developed for semiautomatic grid trading. It offers traders the option to create their know-how and procedures.

For example, you can decide whether to use martingale or hedge functions, set different take profits for the long and short side, use different order distances, and many more.

Recommendations

  • Take your time to test the demo. You should always be perfectly familiar with your EA before live trading.
  • Make some backtests. It's good to know what settings work for a specific market.
  • Never use too little distance between orders. Most grid strategies fail because they use an inappropriate distance of orders. Based on the statistics, you're more likely to succeed if you use a larger distance of orders. We recommend using at least 40 pips.
  • Never trade just one market. If you use our EA to trade at least five uncorrelated markets at one time, you will dramatically reduce the risk. Trading portfolio is the best way how to avoid significant drawdowns. But don't worry. You do not need a huge trading account to trade your portfolio. As you will see on your demo account, the portfolio can be traded with the amount starting from 1 000 USD.
  • Never trade before big red news. We never know what will happen once the report is published. Remember, grid strategy is intended primarily for sideways markets.
  • Close all grids before the weekend. No one knows where the market opens on Monday. If the market creates a gap, some orders can not be filled. For grid strategy, filling all the orders that should be activated is vital.
  • Avoid the strong trending markets. You can use our EA with the proper settings, even in trending markets. However, using it in a time of strong trend is not appropriate.
  • Save your settings and make your presets. We recommend using this function for faster work with our EA.

Main Features

  • Classic and dynamic grid.
  • EA Works on any market (forex, CFDs, futures).
  • Easy to set up and trade.
  • No hard analysis needed.
  • Extract money from the market regularly.
  • Long, Short, or in both directions trading.
  • Hedge and martingale functions.
  • Time frame independent.
  • Limited risk as hidden stoploss (Risk_%).
  • Ready for backtesting.
  • Customizable parameters (BUY_Distance, BUY_Depth, BUY_Profit...).
  • High-Speed EA
  • Available for MT4 and MT5.

Input Parameters

  • Grid_Type - Allows choosing between classic and dynamic grids.
  • Grid_Direction - Allows choosing which direction will be traded. It can be BUY, SELL, or both directions (BUY & SELL).
  • Magic_Number - A specific designation of an expert advisor. For trading, more than one EA must be used with a unique number.
  • Initial_BUY_Lotsize - The lot size for the first BUY order of the grid.
  • Initial_SELL_Lotsize - The lot size for the first SELL order of the grid.
  • BUY_Order_Multiple - The value to determine the lot size of the following BUY orders.
  • SELL_Order_Multiple - The value to determine the lot size of the following SELL orders.
  • BUY_Depth - The total amount of BUY orders in the grid.
  • SELL_Depth - The total amount of SELL orders in the grid.
  • BUY_Distance - The distance of BUY orders, based on a fixed value.
  • SELL_Distance - The distance of SELL orders, based on a fixed value.
  • BUY_Distance_Multiple - The distance of BUY orders, based on ATR value.
  • SELL_Distance_Multiple - The distance of SELL orders, based on ATR value.
  • BUY_Profit - The total profit for the BUY side in the account currency. This value should always be greater than the money value of the distance between the first two BUY orders.
  • SELL_Profit - The Total profit for the SELL side in the account currency. This value should always be greater than the money value of the distance between the first two SELL orders.
  • BUY_Profit_Multiple - The total profit for the BUY side determined according to the ATR value. This value should always be greater than BUY_Distance_Multiple.
  • SELL_Profit_Multiple - The total profit for the SELL side determined according to the ATR value. This value should always be greater than SELL_Distance_Multiple.
  • ATR_Period - Period for ATR calculation.
  • Risk_% - The maximum risk for the entire grid. It is calculated as a percentage of the value of the trading account.
  • Restart - Allows choosing whether the EA should be restarted when the maximum risk is reached.
  • Text_Size - The size of the text in the chart.

Screenshots

Demo Video

Facebook
Twitter
LinkedIn
Pinterest
Reddit
Email

Purchase

All our products are available in the MQL5 market.

MetaTrader 4 version

Buy Grid Trading EA for MT4

MetaTrader 5 version

Buy Grid Trading EA for MT5

Info

Connect

All rights reserved.