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Grid Trade Manager MT4

FREE

Published: 12 November 2023

Current version: 2.0

Grid Trade Manager MT4

Utilities
Biswarup Banerjee
Version: 2.0
Updated: 8 May 2024

Product Name: Grid Trade Manager

Description:
The "Grid Trade Manager" EA is designed to manage trades using a grid trading strategy. It places a series of pending buy and sell orders at predetermined intervals, creating a grid pattern. The EA monitors market movements and adjusts the grid as necessary to maximize potential profits. It also incorporates risk management features to control the grid size and limit potential losses.

For detailed documentation Overall Settings/Input Guide

High Level Overview of Features

Category	Setting	Description
GENERAL SETTINGS	Lot Size	Initial volume for the first trade; subsequent features don't alter it.
	Stoploss in Pips	Initial stop loss; adjustable by EA features.
	Take Profit in Pips	Initial take profit; modifiable by EA features.
	Trade Comment	Specifies trade comments for source identification.
	Capture Logs	Enables troubleshooting logs.
	Enable Magic Number	Controls EA behaviour based on a unique identifier.
	Magic Number	Unique EA identifier for conditional checks.
	Trade On New Bar	Places trades at the start of the candle.
GRID SETTINGS	Enable/Disable Grid	Boolean input to enable (true) or disable (false) GRID strategy.
	Step Distance	Integer input for the distance in pips between each grid level.
	Lot Increase Mode	Enumeration input for lot size increase mode: GRID_MULTIPLY or GRID_INCREMENT.
	Execution Mode	Numeration input for execution mode: GRID_MARKET (market orders) or GRID_PENDING (pending orders).
	Increase Factor	Numeric input for the factor by which lot size is increased for each new grid level.
	Distance Multiplier	Numeric input for the multiplier applied to the grid distance for each new grid level.
	Increase After N Repeat	Integer input for the number of repeats before applying the grid increase factor.
	Max Grid Step	Integer input for the maximum number of grid steps before resetting to the initial lot size.
	Grid Activation Mode	Enumeration input for when the grid should be activated: GRID_ON_LOSS or GRID_ON_PROFIT.
	SL and TP Mode	Enumeration input for stop-loss and take-profit mode: FIXED AMOUNT, EQUITY PERCENT, or COST_AVERAGE.
	Grid Fixed Stoploss	Sets a fixed stop-loss for combined loss of all trades when SL and TP mode is FIXED AMOUNT.
	Grid Fixed Takeprofit	Sets a fixed take-profit for combined profit of all trades when SL and TP mode is FIXED AMOUNT.
	Grid Equity Pct Stoploss	Sets an equity percentage stop-loss for combined loss of all trades when SL and TP mode is EQUITY PERCENT.
	Grid Equity Pct Takeprofit	Sets an equity percentage take-profit for combined profit of all trades when SL and TP mode is EQUITY PERCENT.
	AVERAGE_MODE	Enumeration input for averaging orders mode: Sum (Price x Lot)/Sum(Lots) or Sum(Price)/ Sum(Orders).
	AVG STOPLOSS	Sets stop-loss based on the average price of all trades when SL and TP mode is COST_AVERAGE.
	AVG TAKEPROFIT	Sets take-profit based on the average price of all trades when SL and TP mode is COST_AVERAGE.

Usage Recommendations:

Prior to deploying in live markets, thorough testing in a demo account is strongly advised. This ensures a comprehensive evaluation of the EA's performance, its alignment with your trading strategy, and an assessment of risk tolerance levels.

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