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Grid Balance

89 USD

Demo downloaded: 21

Published: 19 August 2024

Current version: 1.0

Grid Balance

Experts
Au Phuong Tan
Version: 1.0
Activations: 10

Introduction to Grid Balance Expert Advisor Robot

EA Grid Balance is a powerful trading tool designed to execute a grid trading strategy without considering market trends. Developed using MQL5, Grid Balance automatically places buy and sell orders, sets take profit targets for each order, and closes all positions once the total desired profit is achieved.

Trading Risk Warning

Trading in financial markets involves significant risks and may not be suitable for all investors. It is important to understand that you can lose some or all of your invested capital. Ensure you fully understand the risks involved and carefully consider your investment objectives and risk tolerance before trading.

Recommendations

Timeframe: M5, M15 for XAUUSD, Forex Pairs.
Settings: Default settings for gold M5.
Account type: Hegde.
An ECN broker and a low latency VPS are always recommended.
Leverage and deposit depend on settings.
The settings are external, allowing users to configure the robot as they wish.
Test it on a demo account first to ensure it meets your expectations.

Parameters

Grid Balanced

Magic Number: ID number of the orders.
Spread: Maximum spread to trade.
Slippage: Difference between intended and actual trade execution price.

Grid Management - Lots Sum

First Lots: Initial number of lots when opening a new position.
Multiplier Lots: Increase in lots based on a specific multiplier.
Max Lots Per Position: Maximum lots in a single position.
Distance: Price difference between each open position.

Create Take Profit or Trailing Stop

Create TP Per Open Position (0 = OFF): Create take profit for each position opened by EA.
Trailing Stop (0 = OFF): Use trailing stop (turn off Create TP Per Open Position = 0).

Capital Management

Profit Taking Loop (0 = OFF): Close positions when target is reached and continue opening new ones.
Profit Stop Trade (0 = OFF): Stop trading when target is reached.
Cut Loss Stop Trade (0 = OFF): Stop loss.

Open Position Hours

Start Hour (0-23): Operating start hour.
Start Minute (0-59): Operating start minute.
End Hour (0-23): Operating end hour.
End Minute (0-59): Operating end minute.

Open Position Days

Monday: Trading allowed if true.
Tuesday: Trading allowed if true.
Wednesday: Trading allowed if true.
Thursday: Trading allowed if true.
Friday: Trading allowed if true.
Saturday: Trading allowed if true.
Sunday: Trading allowed if true.

You want to add functions, please message me, thank you.

*Note: Change timeframes. The Start Balance will reset each time the EA is removed from the chart, which will affect the Capital Management function.

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