Desk of Contents
1. Introduction
2. EA Overview
3. Set up
4. Enter Parameters
- Grid Settings
- Commerce Settings
- Entry Indicator Settings
- Time Filters
- Dashboard Settings
4. Optimizing the EA
5. Troubleshooting
1. Introduction
Welcome to the Grid EA, your all-in-one resolution for grid-based buying and selling on MetaTrader 5. This information offers a step-by-step breakdown of set up, configure, and function your EA successfully.
2. EA Overview
Core Options:
- 4 Grid Buying and selling Modes: Impartial, Hedged, Pattern-Following, and Martingale
- 11 Entry Methods: RSI, Shifting Averages, ADX, Bollinger Bands, Ichimoku Cloud, Parabolic SAR, and extra
- Session-based Time Filters
- Constructed-in Dashboard Interface
- Handbook and price-level entries supported
- Danger Administration by way of Goal Revenue and Max Drawdown
3. Set up
For a detailed information of set up the EA, seek advice from this information set up handbook.
4. Enter Parameters
Parameter Clarification:
✅ Grid Sort: Choices (Traditional Grid, Hedged Grid, Pattern Following Grid, Martingale Grid)
Defines the construction and conduct of the restoration grid.
✅ Grid Step in Pips: Distance between grid ranges in pips.
✅ Grid Ranges per Facet: Variety of grid positions on both sides (purchase/promote).
✅ Martingale Sort: Choices (Traditional, Grand)
Controls lot sizing for Martingale Grid.
✅ Goal Revenue in account foreign money: Revenue purpose in account foreign money to shut all trades.
✅ Max Drawdown % to shut all trades: Closes all trades if drawdown exceeds this restrict.
✅ Use proportion goal as a substitute: Allow revenue closure based mostly on steadiness proportion.
✅ Goal revenue as % of steadiness: Revenue proportion (e.g. 10% of steadiness).
✅ Preliminary lot dimension: Base lot dimension of preliminary commerce.
✅ Entry Technique: Choices (RSI, Shifting Averages, Common Directional Index, Bollinger Bands, Ichimoku Cloud, Parabolic SAR, Specified Worth Purchase/Promote, Present Worth Purchase/Promote, Handbook)
Choose one among 11 entry strategies.
✅ Magic quantity: Distinctive quantity for commerce separation.
✅ Commerce remark: Label for commerce identification.
✅ Specified Worth: Utilized in ‘Specified Worth Purchase/Promote’ modes.
- Parameters of Entry Indicator Settings
Parameter Clarification:
a. RSI Settings
✅ RSI Interval: Units the interval of the RSI.
✅ RSI Overbought Degree: Units overbought degree for the RSI.
✅ RSI Oversold Degree: Units oversold degree for the RSI.
b. MA Settings
✅ Quick EMA interval: Units the interval of the quick EMA. A decrease worth makes the EMA extra delicate to cost adjustments (default: 50).
✅ Sluggish EMA interval: Units the interval of the sluggish EMA. Used at the side of the quick EMA to establish pattern path (default: 200).
✅ Minimal pip distinction between EMAs: Minimal pip distinction between the quick and sluggish EMA to substantiate a sound crossover sign. Helps filter out weak or false alerts (default: 15).
c. ADX Settings
✅ ADX interval: The lookback interval for calculating the ADX indicator (default: 14).
✅ ADX Pattern Degree: The brink worth above which the pattern is taken into account robust. Entries are filtered based mostly on whether or not the ADX worth exceeds this degree (default: 25).
d. Bollinger Bands Settings
✅ Bollinger Bands Interval: Variety of durations used within the Bollinger Bands calculation (default: 20).
✅ Bollinger Bands Customary Deviation: The variety of customary deviations from the transferring common used to kind the higher and decrease bands (default: 2.0).
e. Parabolic SAR Settings
✅ Step: The step increment of the SAR. Smaller steps make the indicator extra delicate to cost adjustments (default: 0.02).
✅ Most: The utmost worth that the step can attain, influencing how rapidly the SAR accelerates towards worth (default: 0.2).
f. Ichimoku_Cloud Settings
✅ Tenkan-sen (Conversion Line) interval: The interval used for the conversion line (Tenkan-sen), which reacts rapidly to cost motion.
✅ Kijun-sen (Base Line) interval: The interval for the bottom line (Kijun-sen), used as a pattern affirmation.
✅ Senkou Span B interval: The interval used to calculate one of many cloud boundaries (Senkou Span B), representing longer-term sentiment.
- Parameters of Time Filters
Parameter Clarification:
✅ Use time filters: Toggle to allow/disable utilizing time filters.
✅ Commerce on Friday: Toggle to allow/disable buying and selling on Friday.
✅ Do not commerce on Monday: Toggle to allow/disable buying and selling on Monday.
✅ When To Commerce (Server Time): Choose which session ought to buying and selling be allowed.
- Parameters of Dashboard Setting
Parameter Clarification:
✅ Present Dashboard: Present dashboard could be both Sure or No.
✅ Dashboard Type: Dashboard Type choices are Default, Darkish or Traditional.
4. Optimizing the EA
Problem Resolution / Repair EA not buying and selling Guarantee Algo Buying and selling is enabled and market is open. Dashboard Not Exhibiting Confirm that ‘Present Interface = Sure’ “No Entry” Recheck entry circumstances (RSI/MA filters, session time). Too Many Trades Scale back `Grid Ranges` or enhance `Grid Interval Pips`. Slippage or Requotes Use ECN/low-spread dealer; keep away from excessive information durations. Not Closing Trades Confirm `Goal Revenue` or `%Goal` is being reached.
Tip: Verify the Specialists and Journal tabs for detailed error logs.
- Regularly Requested Questions (FAQ)
- Regularly Requested Questions (FAQ)
Q1: Can I run a number of situations on completely different symbols?
A: Sure. Connect one FxS Grid EA per chart/image; guarantee every makes use of a singular Magic Quantity to keep away from commerce interference.
Q2: How do I load my optimized settings?
A: Save your optimized `.set` file in `MQL5Presets`. Within the EA’s Inputs tab, click on Load and choose your file.
Q3: Does the EA assist hedging accounts?
A: Sure. FxS Grid EA is appropriate with each hedging and netting account sorts.
This autumn: What timeframes work greatest?
A: Default methods carry out properly on H1–H4. Use optimization to check different timeframes in your image.
Q5: My dealer makes use of 5-digit pricing—do I want to regulate inputs?
A: The EA auto-detects digit format and adjusts pips accordingly. No handbook adjustments wanted.
Q6: What ought to I do if backtests look completely different from stay outcomes?
A: Guarantee backtest unfold, slippage, and execution mannequin mirror your dealer’s stay circumstances. Contemplate tick knowledge import for accuracy.
Q7: How typically will I obtain updates?
A: Updates are launched quarterly or as wanted for bug fixes and new options. Verify the MQL5 Market web page underneath Updates.