Flexy Grid EA (Grid Trading)

OK Trading With Line is still under manual Ok2 got it lol

I have not test fully auto but saw this reaction when change TF (video attached mp4 file)

Sorry man can't help you with that because I can't replicate it on my side. Maybe try download the latest file https://www.forexfactory.com/attachm...mentid=2393917

New update
https://streamable.com/y9mnf

I managed to fix the the 101 and 111 button TF switch glitch. In the video you won't see the previous mistake.

Still same version 1.7

PERFECT no more problem when switch TF on ver 1.7 (thanks)

PRAISE THE LORD!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! amen

So what's next?

TEST for bugs 1st lol

Maybe work on email alert while we test for bugs
1) Alert profit taken
2) Critical need user recovery

1. I was thinking the order of closing the pending and active orders.
First delete the active order.
Then for the pending order, it should delete from the center rather the top and bottom.
Because if it deletes the pending order from the top and the bottom, there's a chance the market could executes/touches the pending order in the center.

2. Having some issue when I use a grid that has 100 pending limit & stop orders in multiple chart.
Somehow there's a limit a broker can cater those orders. So there should be a way to check if there's any room (available order) left before placing a grid.

Recently I planned to opened 200 orders on 5 or 6 markets so total should be >1000 orders.
But then there's issue, it got stucked in a loop for retrying placing an order.
Because of that each market has uneven/imbalance grid. So yeah, that's a broker's problem that needs to be identify so we won't have a bad grid.

1. What sort of email do you want to receive beside profit taken?
2. What are you talking about?

Thanks for the input! I appreciate it. Nice email dummy...

CRITICAL – last 1-2 orders triggered
PROFIT TAKEN on type of pair

Presuming the email is sent when the grid is closed with lose.
When the email sent, then the START button becomes red (stop the automatic trading).

Is what what you want?

Yes possible 1 email when all order is close with a loss & 1 email when hit TP will be fine. (email define which pair will be good)
p/s can use the current mt4 setting to send email.
pp/s going out for supper (12.30am here lol)

So you are saying that the current EA has the ability to pace 3 trades x pips apart and adjust TP and SL as the market goes for and against you, to fit the MM strategy you posted?

I just red your message . Thank you for using the EA and be honest about it.

To everyone keep the idea coming and we shall implement the best idea out there.
Do not be afraid every one because in the end, the EA is free!!!
Why I do this? I have too much money and too much spare time

Damn, new versions coming quick like a shot! Thanks much for your effort, yousername!

Just in case you're looking for more ideas:

Auto-Breakeven
Trading grid is always related to bigger drawdowns, mainly because of economic events. Thing is, most of these impacts are announced even before they come. There are dozens of economic calenders out there, as you know. IMHO, high impact events are death to any grid strategy. But here's the point: We will never be able to only trade when no high impacts are around (or upcoming). Some grids take more time so the most logical consequence is to be prepared.

Lets say i'm trading a bullish grid of USDCAD. Next high impact event is US Unemployment Claims with a obvious negative forecast (compared with previous), happening in 10 hours. In my manual trading, id make sure - about 4 hours before impact come - to get a breakeven with my grid. 1 hour before the impact comes (and breakeven wasnt reached), i embrace the possibility of losing and decide if close the grid completely.

Saying that to the background; is there any way you might add a "Breakeven"-Button to the EA's visual interface? If clicked, the EA will close the whole grid once its breakeven and disable the EA (to prevent it from opening a new one).

Drawdown monitoring:

Is there any way to display the maximum drawdown of the current grid in term currency and PIPS?

Hi yousername,

The grid is taking good shape. If you can bring clarity to your methods it will be an excellent manager for Risk Reward and Grid.

I would use it more for money management than for trading martingale itself.

I would prefer to wait for the trade as per my plan rather than trading impulsively.
Direction is decided by me based upon my view of fundamentals and pairs behaviour. It is totally subjective and is not influenced by any indicator at all.
I divide my trading money in smaller lots and make deep pip pockets (contract values ofcourse are smaller) and trade only after knowing total risk in advance.

If you can set up RR magic lines (two thick shadows), which sets up One position at xxx pips distance from Market Price and another at xxx pips distance in the opposite side of the Market Price. I will manually drag them and see if Risk and Rewards match not only my targets of profit and risk but they tally with my strategy.

I print on chart the indicators of Murrey Math and one more of the following strategies which can print horizontal lines on the chart for medium term (1-3 weeks)

Support and Resistance (zone indicator)
Fibos + Harmonics (road_map)
Fractals (Fractals - adjustable price breakout)
Average Range (daily, weekly, monthly) - DWMranges
Murrey Maths (mostly extreme zones and middle Pivot zone) - MurreyMath-Timeframe rev.
Previous highs and lows (D-w-mn close line)

I aim for confluence. I will by drag and drop method move about the RR magic lines and visualise the big picture and trade only when I strongly feel that it will achieve 1 risk and 2 reward results.

At the same time I will visualise where the lines for pullbacks should happen. I will also visualise where recovery is needed to lower breakeven or pile up profits.
And then draw those lines.

In short, I am opening a RR box and then setting up smaller webs of probable pullback or recovery and trading with calm. It is like I have laid my fishing net and waiting for the fish to be caught.

I insist only on taking trades which can generate me 1:2 RR so that at the end of the day even if I score 50% loss and 50% profit, I will still be making good profits. Like this.

Three buttons will bring brevity: (a) Printing Lines (for hypothetical or virtual plotting) which will set up RR box and smaller zones of pullbacks, pyramiding and averaging (inverse pyramiding) (b) Executing Pending Orders selected from the lines after weighing RR and the pros and cons of strategy which imposes horizontal lines on the chart for making quick decisions and finally (c) Managing Manually - after trades have been activated

After the trades are done I use this indicator (Show Average Entry Price) to manage manually. The shadow shows me profit (positive number), breakeven (if it is closer to 0) and loss (negative number) which I need to know how to manually trade in order to bring down loss.I find on mql5 site this RR manager doing similar job. if you feel appropriate, please refine and absorb this in your EA.

Since you are open to ideas, I am sharing my hands-on experience with you. If you think they don't fit in with your plans, please ignore them.
-----------------------------------------------------------------------------------------------------------------------------------------------------------------
Risk Reward Order Manager

Risk Reward Order Manager is an EA that will help you a lot in order to follow your money management plan.
You only need to set the parameters according with your money management strategy, and drag resistance, support and order levels. And push order button!
EA will do following operations taking of course care of current spread

1. Calculate risk reward ratio
2. Check if that ratio is in accord with your settings
3. If the operation is in a good risk reward ratio , EA will show you button for place order ELSE he will hide to you so you have to follow your rules
4. He will know which kind of order to set (buy limit, buy stop, sell limit, sell stop)
5. Show you how much (in money) you are going to risk and gain with that operation
6. Show you lotsize calculate for that operation in order to follow your plan
7. Show you how far in pip SL and TP are
8. Draw a red rectangle from order level to SL (possible loss)
9. Draw a green rectangle from order level to TP (possible profit)
10. Draw a lime rectangle (optional, 1 to 1 R/R projection)

Important! One to one operation is a bit greater than that. I mean, to be profitable in long term i set default 1 to 1 operation with reward/risk ratio 1,1 that is not an error!
More than this, EA will always show following information:

1. Current spread
2. Minimum lotsize for this pair
3. Pips value in money for 1 lot operation of this pair
4. Amount of money used by stop loss in ALL open operation by this magic number (in money and in % of free margin)

How Does it work?
Once you set and drag in your strategical level the five horizontal lines drawn by EA on initialization (Strong resistance, medium resistance (dashed) , strong support , medium support (dashed) and yellow dashed order level line).
EA will calculate possible operation you ll can place. He will figure strong resistance line and strong support line as target , so, in according with your level order positionwill show you only operations you ll can open to follow your money management rules (is a bit difficult to explain for that I invite you to see screen shot and video attached).
EA will show you the button to place standard operation (if those stick to money management) and will show you on chart through green (for profit) and red (for losses) rectangle

1. Place buy limit ( if order level is below price and will set strong resistance as TP and Strong support as SL)
2. Place buy stop ( if order level is above price and will set strong resistance as TP and Strong support as SL)
3. Place sell limit ( if order level is above price, and will set strong resistance as SL and Strong support as TP)
4. Place buy limit ( if order level is below price and will set strong resistance as SL and Strong support as TP)

All those button will set a single order with full amount of lotsize calculate according with your settings.
If medium support or resistance are below or above of 1 to 1 risk reward projection EA will give you a choice to:

1. place a full (mean with lotsize calculated by ea) standard operation
2. place a full (mean with lotsize calculated by ea) 1 to 1 risk reward operation
3. place both operations with one click but with splitted amount of lotsize to follow better the rules

You ll find input variables in screenshot and video!
This ea will work with pretty all value pairs plus xauusd, xagusd , it will not work with a lot of other cfd like uk100, ger30 and so on!

https://c.mql5.com/31/55/risk-reward...creen-6823.png

Example of my trade based on Murrey Math zones:

https://www.forexfactory.com/showthr...3#post10028623

The trade is now breakeven with 200 pips profit as breathing space and aiming at 1:2 reward

Drawdown monitoring is very essential for the EA as it is progressing.
I have attached a real-time Drawdown monitor (Show me average entry) in my earlier post. You can do it manually if EA doesn't take care of it.