Market / MetaTrader 4 / Experts /

Scorpion Grid

100 USD

Demo downloaded: 1 932

Published: 11 January 2017

Current version: 2.9

Scorpion Grid

Experts
Evgenii Kuznetsov
Version: 2.9
Updated: 29 April 2021
Activations: 5

Multi-currency grid Expert Advisor, in most cases it receives quite accurate entries. If an entry is not accurate enough, the positions are managed using an elaborate martingale strategy.

Work on real account: http://tiny.cc/nkaqmz

Entries are performed using the signals of RSI and Stochastic indicators, in the overbought/oversold areas, plus additional entry conditions based on a proprietary algorithm.

Recommended timeframe - М15.

The EA features a drawdown management system, which takes into account all open orders, not only the ones opened by this EA.
This system prohibits opening the first order for a currency pair if:

The maximum drawdown on the account reached
One of the currencies already has deals in this direction
Exceeded the number of orders for one currency
Exceeded the number of currency pairs with open orders

The grids already started will be continued, the filter does not affect them. All filters are disabled, see "Other settings"

Input parameters

MagicNumber – magic number, identification number for a symbol.
slip – slippage
Lots – lot size
DepoPer001Lot – automatic lot calculation (specify amount per 0.01 lot) (if 0, the value from 'Lots' parameter is used)
LotExponent – Multiplier for the lot of the current opened order in the grid
BaseLotLevelCount – The number of legs to be sequentially opened with a base lot
PipStep – Minimum allowed distance between the grid orders
GridAvgComissionSwap – Take the commission and swap into account during the calculation of breakeven level for the grid
MaxTrades – The maximum number of averaging legs
TakeProfit – Base take profit
Lvl1 – № of the order (leg), starting from which the TakeProfit will be equal to TPS1
TPS1 – Take profit after opening Lvl1 leg
Lvl2 – № of the order (leg), starting from which the TakeProfit will be equal to TPS2
TPS2 – Take profit after opening Lvl2 leg
TrailStart – The number of points to start the trailing stop
TrailStop – Distance from the current price (points), at which the stop loss is moved after trailing is activated (TrailStop=0 disabled)
TrailLvl1 – № of the order (leg), starting from which the TrailStart and TrailStop will be adjusted, similar to Lvl1 and TPS2

Entry Settings

PeriodRSI – period of the RSI indicator
RsiChannel – width of the channel, when exceeded the entry conditions will be checked, at 20 it is 70/30 (50+20/50-20)
KPeriod – Period (number of bars) to calculate the %K line of the stochastic
DPeriod – Averaging period to calculate the %D line of the stochastic
Slowing – Slowing value of the stochastic
StochChannel – width of the channel, when exceeded the entry conditions will be checked, similar to RSI

Locking settings

LockAfterSeriesCount – № of the order (leg), starting from which a locking order will be opened
LockGridPercent – Percentage of the grid to cover with the locking order

Other Settings

SMaxDrawdownPercent – Drawdown percentage, if exceeded the averaging orders will not be opened
MaxSpread – Maximum spread
MinLeverage - Minimum leverage to open the first order
MaxDrawdownPercent - Drawdown percentage, if exceeded the first orders will not be opened, the already started grids will be continued
SeriesFilter – Filter of averaging orders

Disable – disabled
OpenClose – Average when the Open of the current candle is higher than the Close of the previous for buy order and vice versa for sell orders
CandlePattern – Average only when a reversal candlestick pattern, similar to pin bar, appears
RSI – Average only in the overbought/oversold areas

Currency Filter – filter for opening trades by currency, if it already has deals open in that direction. For example, opened BUY on EURUSD, then suspend opening BUY deals on others currencies that contain EUR, and USD for SELL deals
StopByMaxOrdersOneSymbol - filter for opening deals, if the number of open orders on one of the currency pairs exceeds this value.
StopByMaxSymbolTrades - filter for opening deals, if the number of currency pairs with open deals exceeds this value.
Close at drawdown, % - Close at drawdown on the current currency pair. If the value is 0, it is disabled.

Parameters are set in new points, on four-digits they are automatically divided by 10

more...

410

uramt 2019.02.12 12:02 #

I mainly use this ea.

794

Francisco Reyes 2017.05.04 09:31 #

Good EA. Under DD. And good support from Evgenii. Great job. Waiting for the new version.

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Launch Promo: Limited number of copies available at current price Final price: 990$ NEW: get 1 EA for free! (for 2 trade accounts) Ultimate Combo Deal -> click here LIVE RESULTS: https://www.mql5.com/en/signals/1949810 JOIN PUBLIC GROUP: Click here Set Files Welcome to DayTrade Pro Algo! After years of studying the markets and programming different strategies, I have found an algorithm that has everything a good trading system needs: It is broker independent It is spread independ

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Launch promo! Only 2 copies left at current price! Next price: 1733 $ Final price: 3993$ Buy US30 Scalper and you could get Nasdaq Algo for free ! => Contact after purchase Live signal: https://www.mql5.com/en/signals/2220893?source=Site+Profile+Seller MT5: https://www.mql5.com/en/market/product/107337?source=Site+Profile+Seller More analytics: https://www.mql5.com/en/blogs/post/756452 For more top Expert Advisors and Indicators, visit: https://www.mql5.com/en/users/lothimailoan/seller I

1 633.99 USD

Introducing our MT5 EA: Designed with advanced algorithms and utilizing deep learning technology, our Expert Advisor (EA) is crafted to assist you in the intricate world of forex trading. The system analyzes market behaviors and conducts transactions based on specific criteria, empowering you to engage with market trends more effectively. With the backing of nearly a decade of data, the EA employs deep learning to examine past market conditions, aiming to provide enhanced decision-making. Recom

638 USD

Rebate System performs a large number of trades with the minimum profit, which gives the opportunity to earn from receiving rebates (returning part of a spread). It is based on two grids (buy and sell), when one of them is in a drawdown, the other one can enter with an increased lot size, keeping the account away from the drawdown. It features a news filter, which prevents the possibility of getting into a trend without rollback caused by news releases. The default parameters are for EURUSD

10 USD

Rebate System performs a large number of trades with the minimum profit, which gives the opportunity to earn from receiving rebates (returning part of a spread). It is based on two grids (buy and sell), when one of them is in a drawdown, the other one can enter with an increased lot size, keeping the account away from the drawdown. It features a news filter, which prevents the possibility of getting into a trend without rollback caused by news releases. The default parameters are for EURUSD and

10 USD

Multi-currency grid Expert Advisor, in most cases it receives quite accurate entries. If an entry is not accurate enough, the positions are managed using an elaborate martingale strategy. Work on real account: http://tiny.cc/nkaqmz Entries are performed using the signals of RSI and Stochastic indicators, in the overbought/oversold areas, plus additional entry conditions based on a proprietary algorithm. Recommended timeframe - М15. Input parameters SetName - name of the current settings file Ma

100 USD

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Multicurrency scalper, works at night time, performing short trades during low volatility. For trading to be profitable, a broker with low night spreads is required. Working timeframe: M15 Working on a real account: Type2 https://www.mql5.com/en/signals/245053 Mix https://www.mql5.com/en/signals/363093 Recovery Mix https://www.mql5.com/en/signals/493519 set files - see signal description Installation instruction https://www.mql5.com/ru/blogs/post/721443 Input parameters MagicNumber –

145 USD

The Expert Advisor tries to enter the market at the beginning of a trend. If the price moves in the unfavorable direction, the EA hedges the deal by placing an opposite order with a larger volume. The EA will change direction in the course of the trend until it is captured. The minimum distance for changing direction is specified by the Min Turn Step parameter, the actual distance can be longer and depends on the current volatility, it is controlled by the Mult Factor Next Orders parameter. The

50 USD

The EA identifies divergences in two correlated currency pairs and trades in the direction where they converge back. Working timeframe: M30 Input parameters MagicNumber - identification number for the EA. OrdersComment - comment to order, automatic if an empty value is set. Lots - lot size. DepoPer001Lot - automatic lot calculation (specify the balance per 0.01 lot) (if 0, the value from 'Lots' parameter is used). TimeFrame - working timeframe. Symbol #2 - correlated currency. Symbol #2 revers

100 USD

Multicurrency scalper, works at night time, performing short trades during low volatility. For trading to be profitable, a broker with low night spreads is required. Working timeframe: M15 Working on a real account: Type2 https://www.mql5.com/en/signals/245053 Mix https://www.mql5.com/en/signals/363093 Settings - in the description of the signal Installation instruction: https://www.mql5.com/ru/blogs/post/721443 Input parameters MagicNumber – magic number, identification number for a symb

145 USD

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410

uramt 2019.02.12 12:02 #

I mainly use this ea.

794

Francisco Reyes 2017.05.04 09:31 #

Good EA. Under DD. And good support from Evgenii. Great job. Waiting for the new version.

Version 2.9 2021.04.29

Added the "Close at drawdown, %" parameter - Closing on drawdown

Version 2.7 2018.10.03

Added parameter MinLeverage

Version 2.6 2017.05.17

Bug fixes.

Version 2.5 2017.05.05

Added the ability to work on ECN accounts prohibiting placing an order immediately with a take-profit
Added settings for disabling the drawdown control system

Version 2.4 2017.04.26

Bug fixes.

Version 2.3 2017.03.27

bug fixes