Recruitment of participants Grid MT4 EA

Grid MT4 EA



Metatrader grid strategy trading expert advisor improved with trend detector (moving average indicator) and Stochastic confirmation, that can hedge losing grid trade(s) if the price reverses.

Grid main functions
Detect the trend and the trade entry (Stochastic is used to filter trade entries and the moving average detects the trend, acting like any trend trading strategy based on price movement)
Trade in a grid strategy trading way (traders defines the number of trades and pips between trades, as well as the lotsize)
Hedge the grid by placing opposite pending trades, so if the price reverses this hedging grid will trigger, recovering the possible loss from the previous trades
Place stop-loss, take-profit, trail the price, set break-even, etc.



Grid Expert Advisor for Metatrader
The main purpose of the Grid expert advisor is to trade following a grid trading strategy, basically meaning that the EA opens more than one trades, at certain distances from each other. What makes this grid expert advisor better than other grid expert advisors is that the RobotFX Grid expert advisor can also open its trades based on the price action. Another advantage is that if the price reverses, the EA can hedge by placing opposite pending orders at a given distance (also called zone recovery or loss recovery area), with higher, lower or equal lotsize than the initial trades. So, depending on the trader’s needs, this grid expert advisor is much better than others.
The RobotFX Grid EA was designed not only to open a determined set of grid trades (ie trading the grid), following the classic forex grid trading strategy, but also to detect the trend, the trade entries and also to hedge. While trading the grid, traders often increase the lotsize, hoping that the price will continue to go in their direction; this is similar to a martingale strategy and is usually doomed to fail. However, most of the times the price reverses, therefore transforming a possible winning trade into a few losing trades. To prevent this, our forex grid expert advisor can safely decrease the lotsize of the next grid trades. The lotsize can be increased or decreased for the hedging trades as well.
In downtrend (price below moving average), the EA opens only short trades. Stochastic gives the exact trade entry, when it crosses in the overbought zone (opposite happens for long entries, trading in uptrend).
Besides the advanced grid trading algorithm, the Grid expert advisor can be set to follow the trend and enter a precise moment. The trend detector is established by a moving average that the trader can customize (type, length, shift) and the expert will obey it by simply allowing long trades only when the price is above it (uptrend), or short trades if the price oscillates below the moving average (downtrend). The exact entry is given by the Stochastic oscillator, as in the MetaTrader trading example above. The Stochastic indicator, with the correct settings, can be customized to match any other MetaTrader indicator – so, if the traders would like to use other signals to enter a trade, such as a MA cross or PSAR signal, they can load on the same chart the Stochastic and their preferred indicator and match their signals. Then use the same Stochastic settings to trade using the grid expert advisor. Below are some examples of trades opened and closed by the grid EA based on stoploss, take profit, trailing stop or the MinProfit (see the Settings).





Because of expert advisor hedging capabilities, the Grid EA doesn’t offer too many options to close a trade or a basket. Of course, stop-loss and take-profit are available, as well as break-even and trailing stop. The number of grid trades can be restricted by the trader, as well as the number of hedging trades (if the hedging strategy is applied). The distance between the trades and the distance hedging would start (the hedging recovery zone) can also be set by the trader.