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User Grid MT5

55 USD

Demo downloaded: 158

Published: 16 June 2022

Current version: 2.1

User Grid MT5

Experts
Aliaksandr Charkes
Version: 2.1
Updated: 18 October 2024
Activations: 10

User Grid MT5 is a multifunctional grid Expert Advisor designed to fully or partially automate various ideas related to grid trading (on a hedging account). The Expert Advisor can trade on any timeframe, on any currency pair, on several currency pairs, on any number of signs. It does not interfere with manual trading, trading of other Expert Advisors, or the operation of any indicators.

It allows you to adjust your settings on the fly, works only with your own positions and orders. It has a clear information system with which a trader can control not only his actions, but also the overall trading situation for the entire account.

Description of the basic strategy:

Re-opening profitable Grid positions... >>

Additional Information:

The Expert Advisor can be run simultaneously on any currency pairs or even on the same one with different settings. Each of its orders and positions are marked with an individual comment in which there is both the price of his opening and the name of its instrument. At the same time, you can add a trader's personal mark to the comment.

The advisor is not afraid of any interruptions in work. With each new launch and unchanged settings, it picks up all of its orders and gives a report on what happened to them during its inactivity.

The informational (and some trading) capabilities of the EA can be used in normal manual trading. At the same time, the main information panel and operation buttons can be freely moved around the chart, minimized, scaled, and changed some colors.

Testing:

When testing an adviser in the strategy tester, you should take into account the limit on the maximum number of orders for the selected broker. If it is exceeded, the adviser will not place a single order!

All missed ticks only reduce the effectiveness of the adviser, because its work is based on volatility, and the lower it is, the less likely it is to fix a possible profit.

Answers to the most popular questions... >>

Detailed description of the settings... >>

p.s. Additional video here... >>

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Version 2.1 2024.10.18

Added 2 new settings that allow you to automatically shift the initial prices from the market prices by a specified distance. The value is expressed in points. You can set both a positive and a negative value. This can be useful, for example, when trading on news or in some other situations.

Version 2.0 2024.08.20

-- Added settings of lots size control. If control is enabled, the lot sizes of already placed grid pending orders will be instantly changed in accordance with the specified settings (by replacing orders). If control is disabled, the new lot sizes will be set only for new orders.
-- Improved mechanism for automatic generation of initial grid prices (became more adaptive to the trading instrument used).
-- Added a system for monitoring the connection to the broker's server. The top line of the main information panel, which shows the current server time, now is also an indicator of the connection to the server. If the color of this line changes and if you hover the mouse arrow over it at this moment, the time of the last data update will be displayed in the tooltip.
-- General optimization

Version 1.9 2024.02.03

Improved grid levels control system
The update is only valid for new grids!

Version 1.8 2023.10.18

Optimization

Version 1.7 2023.04.26

Fixed some bugs related to grid rebuilding (pending orders that became out-of-grid were not deleted).

Version 1.6 2023.04.03

The system of controlling Take-Profit and Stop-Loss for active pending orders and market positions has been improved.
Added separate settings allowing to disable this control, which gives additional tactical possibilities:

-- you can manually drag and drop Take-Profits and Stop-Losses for already placed orders and positions

- you can set a trailing stop for a selected order or position

The modified values will be saved while the order or position remains active.
New orders are placed according to the specified settings.

Version 1.5 2023.03.07

Implemented the ability to instantly change the lot size for each grid pending order
(by automatically replacing it with a new one with new settings)

Version 1.4 2023.01.09

Added the ability to disable stop-loss control, so that you can use a trailing-stop for each individual order or position

Version 1.3 2023.01.09

Optimization

Version 1.2 2022.12.02

Optimization

Version 1.1 2022.10.27

Optimization