This thread will be about my EA Flexy Grid.
It's called Flexy because I want it to be Flexible, I can place the buy/sell grid manually or automatically.
Personally I use it manually because I like to have control. I'm smarter than this EA, the EA doesn't take account of other variable i.e. News and what I'm seeing over my eyes and head.
Manual Flexy Grid
Automatic Flexy Grid. When you click the Manual button and it becomes Automatic button in green color, you should see a screenshot like that below. In order to start the EA to trade automatically, you have to click the "START" button. It will become green when you click it. Basically the start button is a safety trigger.
The green window on the top right corner contains information regarding the equity, signal etc. I think it's self explanatory, if you don't understand you can ask me.
Anyhow below are the 3 information that might need some explanation while the rest info are self explanatory.
Trading With Line is for Manual trading, it will execute a trade whenever the price crosses the Horizontal line object. In order to place a trade using this method, you have to edit the object name by adding _B or _S.
_B is for buy grid, _S is for sell grid.
Example Buy Grid
Horizontal Line 3951_B
Sell Grid
Horizontal Line 3951_S
Grid Space is the distance between each order. By default it is set to 5 pips space.
Grid is the number of order in a grid. It is depend on the ability the broker's MT4 able to place order. Some broker is able to place 100 orders, some 20, some 50 etc. You can find out by testing it on a demo account or ask their support about the maximum order their MT4 can take.
Example:
If the broker allows you to place 100 Orders, then you should set the grid value to 49 or 50 grid. It will place 49 or 50 trade of Sell/Buy stop and Buy/Sell limit, total 100 order.
I highly suggest you to try this on a demo first. Play around with it first and please give me some of your feedback. I appreciate it.
USER GUIDE (Compiled by OkSHOP)
FLEXY GRID_1.8 (14 - 7 - 2017)
as at 15/7
AUTOMATED
SET A
Alligator - default
ZigZag, 5, 5, 3
RSI, 14
2 EMA (5 and 10) no shift
MANUAL
TRADING WITH LINES INFO:
NAME_1S
or
NAME_1B
1 indicates Grid Style 101
2 indicates Grid Style 111
2 indicates Grid Style 110
B indicates BUY Grid
S indicates SELL Grid.
GRID STYLE (101 / 111 / 110)
Grid style 101, EG BUY GRID VISE VERSA FOR SELL
Sell Stop
Buy
Sell Limit
Buy is the center of the grid
Sell Stop and Sell Limit are the bulk orders above and below the center grid.
So the BUY is meant to be a losing position that got hedged by the Sell orders.
Grid Style 111 EG BUY GRID VISE VERSA FOR SELL
Buy Stop
Buy
Buy Limit
Buy is the center of the grid
Buy Stop and Buy Limit are the bulk orders above and below the center grid.
GRID STYLE 110 BUY VISE VERSA FOR SELL
Buy Stop
Buy
Sell Stop
Buy is the center of the grid
Buy Stop and Sell Stop are the bulk orders above and below the center grid.
PIPS SETTING
5.0 = 5 pip for both (4 & 5 decimal account)
HORIZONTAL LINE
NAME_TP
NAME_SL
NAME_C
TP = It will take profit (close the grid) when there's profit in the grid
SL = It will stop loss (close the grid) when the grid position is losing
C = It will close the grid
BREAKEVEN FUNCTION
1. Grid opened
2. You clicked the breakeven button to green
3. The grid only has 1 opened position at start
4. Further down the line the market executed some of your pending orders.
5. When you have >=2 order gets executed + breakeven button is green = BREAKEVEN function starts working.
You will also be able to set the breakeven function will be run there are >=X active orders.
SO there will be 3 parameters
Parameter 1) Use Breakeven? (Boolean)
Parameter 2) Breakeven amount (double amount $$$)
Parameter 3) Breakeven triggered after X opened orders (integer)
NEW FIX
Version 1.1
Version 1.2
Version 1.4 [Version 1.3 is included in the Version 1.4, got skipped. You can find ver 1.3 in page 2 tho]
Version 1.7 [What a jump!] Too many to list. I will update it later.
PLease spend some time scheme through the thread. Thanks
Got lazy updating the front page
Any how you can download latest file by following the screenshot below
It's called Flexy because I want it to be Flexible, I can place the buy/sell grid manually or automatically.
Personally I use it manually because I like to have control. I'm smarter than this EA, the EA doesn't take account of other variable i.e. News and what I'm seeing over my eyes and head.
Manual Flexy Grid
Automatic Flexy Grid. When you click the Manual button and it becomes Automatic button in green color, you should see a screenshot like that below. In order to start the EA to trade automatically, you have to click the "START" button. It will become green when you click it. Basically the start button is a safety trigger.
The green window on the top right corner contains information regarding the equity, signal etc. I think it's self explanatory, if you don't understand you can ask me.
Anyhow below are the 3 information that might need some explanation while the rest info are self explanatory.
Trading With Line is for Manual trading, it will execute a trade whenever the price crosses the Horizontal line object. In order to place a trade using this method, you have to edit the object name by adding _B or _S.
_B is for buy grid, _S is for sell grid.
Example Buy Grid
Horizontal Line 3951_B
Sell Grid
Horizontal Line 3951_S
Grid Space is the distance between each order. By default it is set to 5 pips space.
Grid is the number of order in a grid. It is depend on the ability the broker's MT4 able to place order. Some broker is able to place 100 orders, some 20, some 50 etc. You can find out by testing it on a demo account or ask their support about the maximum order their MT4 can take.
Example:
If the broker allows you to place 100 Orders, then you should set the grid value to 49 or 50 grid. It will place 49 or 50 trade of Sell/Buy stop and Buy/Sell limit, total 100 order.
I highly suggest you to try this on a demo first. Play around with it first and please give me some of your feedback. I appreciate it.
USER GUIDE (Compiled by OkSHOP)
FLEXY GRID_1.8 (14 - 7 - 2017)
as at 15/7
AUTOMATED
SET A
Alligator - default
ZigZag, 5, 5, 3
RSI, 14
2 EMA (5 and 10) no shift
MANUAL
TRADING WITH LINES INFO:
NAME_1S
or
NAME_1B
1 indicates Grid Style 101
2 indicates Grid Style 111
2 indicates Grid Style 110
B indicates BUY Grid
S indicates SELL Grid.
GRID STYLE (101 / 111 / 110)
Grid style 101, EG BUY GRID VISE VERSA FOR SELL
Sell Stop
Buy
Sell Limit
Buy is the center of the grid
Sell Stop and Sell Limit are the bulk orders above and below the center grid.
So the BUY is meant to be a losing position that got hedged by the Sell orders.
Grid Style 111 EG BUY GRID VISE VERSA FOR SELL
Buy Stop
Buy
Buy Limit
Buy is the center of the grid
Buy Stop and Buy Limit are the bulk orders above and below the center grid.
GRID STYLE 110 BUY VISE VERSA FOR SELL
Buy Stop
Buy
Sell Stop
Buy is the center of the grid
Buy Stop and Sell Stop are the bulk orders above and below the center grid.
PIPS SETTING
5.0 = 5 pip for both (4 & 5 decimal account)
HORIZONTAL LINE
NAME_TP
NAME_SL
NAME_C
TP = It will take profit (close the grid) when there's profit in the grid
SL = It will stop loss (close the grid) when the grid position is losing
C = It will close the grid
BREAKEVEN FUNCTION
1. Grid opened
2. You clicked the breakeven button to green
3. The grid only has 1 opened position at start
4. Further down the line the market executed some of your pending orders.
5. When you have >=2 order gets executed + breakeven button is green = BREAKEVEN function starts working.
You will also be able to set the breakeven function will be run there are >=X active orders.
SO there will be 3 parameters
Parameter 1) Use Breakeven? (Boolean)
Parameter 2) Breakeven amount (double amount $$$)
Parameter 3) Breakeven triggered after X opened orders (integer)
NEW FIX
{quote} Warning num.2 - when you click Close grid button, EA close ALL OPENED ORDERS IN MT - not only orders opened via this EA - there is error with magic Nr?
Hi yousername, Many thanks for making your EA available. Would it be possible for you to make it trade any lot size. I would prefer trading at 0.1 lots. I am fully aware of the risks of Grid Traders but I believe with sufficient capital 0.1 lots can be traded successfully. Thank you and Best rgds
{quote} As promised. Ver 1.4 Additional update. The input in the EA setting is more user friendly now or should I say more descriptive {image} Please let me know if you found a bug. If you do, please provide a screenshot of the issue. Thank you, I appreciate it! Best Regards Yousername {file}
{quote} In the EA properties or setting, you have to set the value of "How many stop/limit orders per grid" bigger than 0. If you set to 0 then you will only open an opposite position trade without any stop/limit order thus no hedge. From the screenshot I shared, I accidentally set the value to 0 and maybe that caused the confusion. So here's a better screenshot. Please note that this is just for an example sake {image}
Version 1.7 [What a jump!] Too many to list. I will update it later.
PLease spend some time scheme through the thread. Thanks
Got lazy updating the front page
Any how you can download latest file by following the screenshot below
Inserted Video
This is not investment/trading advise. Will not hold accountable for loss
