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Merlin Grid

4.5

Merlin Grid is a fully automated EA that uses a clever combination of grid, price action, fast scalping, smart filtering and artificial intellect (artilect) to determine profitable entry and exit points into the FX market.

Merlin Grid is optimized and backtested over a period of 8 years (2010–2018). Download the free demo version and give it a run yourself.

Visit Merlin Grid's blog for set files, news, updates, wish list, etc.


Characteristics

  • FIFO compliance option.
  • Price averaging of same kind trades (Buys separated from Sells).
  • Hidden take profit and stop loss.
  • Trend detection.
  • Volatility filters.
  • Artificial instinct module.
  • Time filter.


Recommended settings

  • EA settings: Use the default settings or ask for set files for different trade styles.
  • Brokers: Low spread, low commission ECN brokers are recommended.
  • Symbol: EURUSD (M5 chart).
  • Starting Balance: 3,000 USD.
  • MT4 Spread setting for backtest: 10.


Parameters

General Parameters:

  • Trade Comment: Your comment here.
  • Magic Number: 90210.

Trading Gatekeeper:

  • Enable Smart Merlin Filter: True (Recommended).
  • Enable Artificial Instinct: True (Makes the EA more strict and conservative in its own decisions, it is highly advisable to turn this feature ON if you encounter a high drawdawn and your account is at risk, note that the EA will trade less with this feature ON. You can disable it in ranging markets to increase trades).
  • FIFO Compliance: False (Enable this parameter for FIFO brokers only).
  • Trade Direction: BothDirections (Forces the EA to trade in one direction only).
  • Time Filter: False (Allows the EA to trade according to the timer below).
  • Start Hour: 0 (Time Filter related).
  • Start Minute: 0 (Time Filter related).
  • Stop Hour: 0 (Time Filter related).
  • Stop Minute: 0 (Time Filter related).
  • Trade on Friday?: Yes.

Lot Sizing, Take Profit and Stop Loss:

  • Lot Sizing Method: FixedLot (This determines the size of the starting lot to be either a fixed lot size or a risk % based on the balance of the account).
  • Fixed Lot Size: 0.01 (If FixedLot is selected, here you specify the starting trade lot size).
  • MoneyManagement Risk Percent: 0.0005 (if MoneyManagement is selected here, you specify the percentage of the balance to use for the starting trade lot size).
  • Hidden Basket TP in PIPS: 6 (This sets the minimum Take Profit basket of the same kind trades in pips, note that the Buy trades are separated from the Sell trades and this parameter is hidden from the broker).
  • Hidden Basket SL in PIPS: 1000 (This sets the maximum Stop Loss basket of the same kind trades in pips, note that the Buy trades are separated from the Sell trades and this parameter is hidden from the broker).
  • Lot Step Short: 0.02 (This is the additional lot size for the next grid Sell trade).
  • Max Short Trades: 15 (Maximum number allowed of all open Sell trades).
  • Min Trade Distance Short: 5 (Minimum positive pips required in price change to open a next grid Sell trade).
  • Lot Step Long: 0.02 (This is the additional lot size for the next grid Buy trade).
  • Max Long Trades: 15 (Maximum number allowed of all open Buy trades).
  • Min Trade Distance Long: 5 (Minimum negative pips required in price change to open a next grid Buy trade).

Notification Parameters:

  • Send Push Notifications on DrawDown? No (If enabled sends you push notifications on your MetaTrader 4 phone app, this option requires you to have a MetaQuotes ID which you can get for free from your account settings on mql5.com).
  • DrawDown Threshold %: 50 (The threshold to trigger a push notification, once the account has a drawdown of -50, a push notification is sent to you).
리뷰 2
Mark Vaines
1821
Mark Vaines 2018.05.08 06:31 
 

Rented for 1 month at default settings - will update performance every few days. Start a 2 stars for a good idea - will increase or decrease based on performance

Week one working as advertised.

I have made a suggestion to the creator that could help the MG side of this EA

Very Good Martingale EA (5 stars based on this fact) you still have to be careful because of the inherent risks of MG fully op the pair and keep the risk low

Nikita Romashko
289
Nikita Romashko 2018.09.04 14:17 
 

Начал тестировать, буду отписывать результаты каждые две недели ;)

а пока автору за отзывчивость 5 звёзд!

UPDATE:

после двух недель +15%, очень умный сеточник!

UPDATE:

после трёх недель +21%,п.с. буду продлевать подписку

UPDATE:

after 1 month - 471$+, rented again! =))

UPDATE:

просадка 25%, очень важно выбрать нормального центового брокера!!!!! автор отвечает что-то редко

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Lo Thi Mai Loan
5 (5)
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Profalgo Limited
4.63 (24)
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5 (3)
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Bogdan Ion Puscasu
4.87 (134)
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Cence Jk Oizeijoozzisa
5 (3)
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5 (6)
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Alexander Buseinus
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Arseny Potyekhin
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Nadiya Mirosh
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4.83 (6)
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Lo Thi Mai Loan
5 (8)
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lizhi fu
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Marek Stanislaw Zygala
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Aleksandr Chebotaev
3.5 (2)
Hello, my name is Alexander. I would like to introduce you to my new development, the Hercules AI advisor. The advisor is synthesis of Price Action Method and Artificial Intelligence technologies.  It doesn't use  any indicators. The EA works well on Gold  pair. The advisor has shown stable performance for more than 10 years. It does not use dangerous trading methods such as martingale, etc. All transactions are protected by take profit and stop loss. I tried to make the advisor as easy to insta
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NickZ Tool
Nicolas Zouein
This is a must have tool for a serious trader. It saves your precious time spent for opening/closing trades, creating pending trades and modifying your TP/SL in bulk according to either pips or price. If you need to quickly open several pending orders (Buy Stop, Sell Stop) at a certain distance from each other, this script will do all the routine for you! The first time you use this handy tool, you will realize it has already paid for itself. Instructions: Drag and drop this script onto a chart.
MagicClose
Nicolas Zouein
Did you ever wish if you can control how to auto close multiple trades in your account that are opened by multiple/different EA's ? Well.. Good news.. You're at the right place because now you can do this with MagicClose. Below are the inputs of MagicClose, going through them will give you a detailed idea what this handy EA is capable of: Chart timeframe: any Parameters Settings to control the Buys open trades: Enable Buys monitoring - true/false Buys Magics to monitor - Enter magic number fol
Flexible EA
Nicolas Zouein
4.3 (10)
유연한 EA는 사용자 지정 지표를 EA에 로드하여 매수/매도 신호 및 TP/SL 신호를 트리거하는 방식으로 작동하며 고급 그리드, 평균화, 후행 및 필터링 시스템도 내장되어 있습니다. 멋진 지표를 잡고 앉아서 차트에 나타나는 아름다운 파란색 및 빨간색 화살표나 점을 지켜보는 일이 여러 번 발생했습니다. 이는 이 지표의 성과를 확인하기 위해 백테스트할 수 있는 경우에만 원했던 매수/매도 신호를 나타냅니다. 글쎄요, 이런 일은 우리 모두에게 여러 번 일어났습니다. 게다가 우리 모두는 영웅적인 지표를 백테스트하기 위해 EA를 만드는 데 돈을 낭비했는데, 결국 완전히 패자가 되었습니다. 여기 유연한 EA가 있습니다. 사용자 지정 지표의 이름을 입력하고 백테스트를 실행하세요. 주변에 있는 10~100개의 지표를 끝없이 백테스트할 수 있으며, 심지어는 유연한 EA를 사용하여 자동 거래도 할 수 있습니다. 여기에는 다양한 기능이 탑재되어 있습니다.
GoodBoy
Nicolas Zouein
GoodBoy EA is a new concept developed after many years of Forex trading experiences. It uses multilevel complex algorithms and multitimeframes analysis to detect trends. It trades in the direction of a strong market impulse. The EA is optimized with it's default settings to pass backtesting from 2011 to 5-Aug-2018 (Release date). Please visit GoodBoy's  Blog for set files and other notes. Characteristics of the EA FIFO compliance option. Price averaging of same kind trades (Buys separated fr
Laser Trend
Nicolas Zouein
The trend is your friend! This is what this indicator is all about. Follow this famous saying and be safe. Characteristics: Buy/Sell signals fixed on the close of a bar. Works on all symbols and all timeframes. Clear visual market trend laser line, Buy/Sell signal arrows, market strength meter, TP1 & TP2 boxes. Visual signals when to enter, when to exit the market. No repainting. Compatible with Flexible EA for trading automation. (Ask for a free set file optimized to perform 2010-2018) Para
필터:
Nikita Romashko
289
Nikita Romashko 2018.09.04 14:17 
 

Начал тестировать, буду отписывать результаты каждые две недели ;)

а пока автору за отзывчивость 5 звёзд!

UPDATE:

после двух недель +15%, очень умный сеточник!

UPDATE:

после трёх недель +21%,п.с. буду продлевать подписку

UPDATE:

after 1 month - 471$+, rented again! =))

UPDATE:

просадка 25%, очень важно выбрать нормального центового брокера!!!!! автор отвечает что-то редко

Mark Vaines
1821
Mark Vaines 2018.05.08 06:31 
 

Rented for 1 month at default settings - will update performance every few days. Start a 2 stars for a good idea - will increase or decrease based on performance

Week one working as advertised.

I have made a suggestion to the creator that could help the MG side of this EA

Very Good Martingale EA (5 stars based on this fact) you still have to be careful because of the inherent risks of MG fully op the pair and keep the risk low

리뷰 답변
버전 4.86 2018.06.18
- Fixed a bug in the time filter.
- Fixed an issue with the Money Management Lotsizing parameter.
- Fixed an issue with the Drawdown notifier.
- Optimized the code for faster backtesting.
버전 4.85 2018.04.27
Fixed an issue when the broker has no limit on the max number of trades that the EA can open, the EA used to show:
"Max orders reached, EA stopped trading".