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Neon Grid

Elevate Your Trading with Neon Grid for MT4!

Step into the future of automated trading with Neon Grid, the cutting-edge Expert Advisor (EA) designed for MetaTrader 4 (MT4). Created by the brilliant Valentina  Stefania Turtoiu, Neon Grid transforms the complexities of trading into a seamless experience of profits and risk management. Ideal for traders seeking unparalleled precision, flexibility, and performance in the forex market, this EA is your ultimate trading partner.

Why Choose Neon Grid?

1. Customized Risk Control:

  • Tailor your risk settings with a range of lot sizing options:
    • LowRiskPreset: Low Risk Set 20% annual (0.25% load)
    • MidRiskPreset: Mid Risk Set 40% annual (0.5% load)
    • HighRiskPreset: Significant Risk Set 80% annual (1.0% load)
    • ExtremeRiskPreset: High Risk Set 120% annual (1.5% load)
  • Utilize dynamic lot sizing based on equity, balance, or deposit load:
    • LotsEquity: Dynamic Lot based on Equity
    • LotsBalance: Dynamic Lot based on Balance
    • LotsDepositLoad: Lots based on Deposit load
    • FixedLots: Fixed Lot
  • Ensure flexible capital management for optimal trading efficiency.

2. Exceptional Operational Flexibility:

  • Choose your trading mode:
    • AllowSell2: Sell only
    • AllowBuy1: Buy only
    • AllowBuySell0: Buy and Sell
  • Protect your capital with configurable actions for maximum drawdown:
    • IgnoreNewUntilRestart: Prohibit opening new grids until restart
    • IgnoreNewSignals: Prohibit opening new grids
    • CloseStopTradingUntilRestart: Close trades & stop trading until restart
    • CloseStopTradingFor24h: Close trades & stop trading for 24h
  • Calculate drawdown based on:
    • ThisStrategy: This strategy
    • TheAccount: The account

3. Comprehensive Strategy Customization:

  • Define your trading symbols (e.g., EURUSD, GBPUSD, EURGBP) and trading hours for maximum efficiency.
  • Integrate technical indicators like Bollinger Bands and RSI, with configurable periods and values for precise strategies.

4. Smart TakeProfit and StopLoss Management:

  • Optimize profits with initial and weighted TakeProfit settings:
    • InitialTP: TakeProfit for Initial Trade, in pips
    • WeightedTP: Weighted TakeProfit
    • GridTP: TakeProfit for Grid, in pips (can be zero or negative)
  • Configure advanced settings for strategic trade exits:
    • BreakEvenAfterThisLevel: Break Even after this Level [0-disabled]
    • HideTP: Hide TakeProfit
    • Use_OPO_Method: Use OPO method to handle TP
    • OPO_TimeFrame: TF for OPO method
    • SmartTP: Smart TakeProfit
    • DoNotAdjustTPUnlessNewGrid: Do not adjust TP unless new grid level opened
  • Manage risk with stop loss settings:
    • GridSL: StopLoss for Grid, in pips (1000pips if zero)
    • HideSL: Hide StopLoss

5. Advanced Grid Configuration:

  • Customize trade distances and specific multipliers for each grid level:
    • TradeDistance: Trade Distance
    • SmartDistance: Smart Distance
    • TradeMultiplier_2nd: 2nd Trade Multiplier
    • TradeMultiplier_3rd: 3rd-5th Trade Multiplier
    • TradeMultiplier_6th: 6th Trade Multiplier
    • MaximumTrades: Maximum Trades
    • GridLevelToStart: Grid Level to Start (1-initial trade)
  • Control the number of trades and the starting grid level for comprehensive management of multiple positions:
    • KeepOriginalProfitLotSize: Keep Original Profit Level & Lot Size

6. Premium Features:

  • Activate AutoSplit for automatic position management:
    • AutoSplit: Auto Split
  • Set maximum spreads and slippage to trade under the best conditions:
    • MaximumSpread: Maximum Spread, in pips
    • MaximumSlippage: Maximum Slippage for a non-ECN acc, in pips
  • Enable hedging and use the control panel for intuitive, all-in-one management:
    • AllowHedging: Allow Hedging
    • AllowTradingOnHolidays: Allow Trading on Holidays
    • ShowPanel: Show Panel

Detailed Description of Input Parameters:

MM & Risk Settings:

  • MM_Setting: Select the risk settings
  • LotSizingMethod: Choose from various risk presets or dynamic lot sizing methods:
    • LotSizingValueFixed: Fixed Lot size
    • LotSizingValueDynamic: Dynamic Lot size (Balance/Equity based)
    • LotSizingDepositLoadPercent: Deposit Load percentage
  • FixedInitialDeposit: Fixed Initial Deposit (Tester only)
  • MaximumLot: Maximum Lot size
  • AutoSplit: Enable auto-split for automatic position management
  • MaximumSpread: Maximum spread allowed in pips
  • MaximumSlippage: Maximum slippage allowed for a non-ECN account, in pips
  • MaximumSymbols: Maximum number of symbols allowed to trade at a time
  • AllowToBuySell: Select whether to allow buying, selling, or both
  • MinimumFreeMargin: Minimum free margin percentage
  • MaximumDrawdown: Maximum floating drawdown percentage allowed
  • MaximumDrawdownMoney: Maximum floating drawdown in money
  • MaximumDrawdownAction: Action to take when the maximum drawdown is reached
  • DrawdownCalculation: Calculate the maximum drawdown based on this strategy or the account

Strategy Settings:

  • Symbols: Specify the symbols to be traded (e.g., EURUSD, GBPUSD, EURGBP)
  • HourToStartTrading: Hour to start trading (broker's time)
  • HourToStopTrading: Hour to stop trading (broker's time)
  • BollingerBandsPeriod: Period for Bollinger Bands
  • RSI_Period: Period for RSI
  • RSI_Value: Maximum RSI value

TakeProfit Settings:

  • InitialTP: TakeProfit for the initial trade, in pips
  • WeightedTP: Enable weighted TakeProfit
  • GridTP: TakeProfit for the grid, in pips (can be zero or negative)
  • BreakEvenAfterThisLevel: Break-even level [0-disabled]
  • HideTP: Hide TakeProfit levels
  • Use_OPO_Method: Use the OPO method for handling TakeProfit
  • OPO_TimeFrame: Time frame for the OPO method
  • SmartTP: Enable smart TakeProfit
  • DoNotAdjustTPUnlessNewGrid: Do not adjust TakeProfit unless a new grid level is opened

StopLoss Settings:

  • GridSL: StopLoss for the grid, in pips (1000 pips if zero)
  • HideSL: Hide StopLoss levels

Grid Settings:

  • TradeDistance: Trade distance
  • SmartDistance: Enable smart distance
  • TradeMultiplier_2nd: Multiplier for the second trade
  • TradeMultiplier_3rd: Multiplier for the third to fifth trades
  • TradeMultiplier_6th: Multiplier for the sixth and subsequent trades
  • MaximumTrades: Maximum number of trades
  • GridLevelToStart: Grid level to start (1-initial trade)
  • KeepOriginalProfitLotSize: Keep the original profit level and lot size

Additional Settings:

  • AllowHedging: Enable hedging
  • AllowTradingOnHolidays: Allow trading on holidays
  • ShowPanel: Display the control panel

Visual Settings:

  • HideGrid: Hide grid
  • ChartMode: Chart mode (candles, bars, etc.)
  • bullishColor: Bullish candle color
  • bearishColor: Bearish candle color


Join the Revolution

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Lo Thi Mai Loan
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5 (6)
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Lo Thi Mai Loan
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