groundbreaking functionality for the MetaTrader platform
Four Levels Up and Down Grid - Quick Load Code: g
Places the EA in multi-trade mode where it can manage up to 9 trades in the
same direction at once. Use EA input Important_lots to set the lot size
allowing enough margin for 9 trades to be opened at once. Grid size is 25 pips by
default and can be changed with the corresponding text box on the panel. Press
Start Grid button to begin grid. The Stop Grid button will stop opening further the
trades, but will let remaining trades run. Close Grid Trades button will both
stop the grid and close existing trades. If Auto News Stop is ticked then will
stop grid and close trades just prior to high impact news event.
TIP: Use the Replace Existing option when downloading to EA as uses settings that would not be appropriate for anything other than a grid system.
Note, we did not cherry pick this month - it was just what happened to be set in the strategy tester when we were testing the rule.
By increasing the grid size from 25 to 30pips the drawdown is reduced
significantly, albeit with less but still substantial profit over the month: