The Expert Advisor is based on Martingale principle combined with a grid system. It uses Bollinger Bands as entry logic for the trades. As soon as the price is hitting the Bands, a market order is placed. A take profit and a grid distance can be calculated dynamically (with ATR). The grid system reduces the breakeven price. Sells and buys are handled independently. For low risk settings, a stop loss can be used.

The most important parameters are the Minimum Grid and MartMulti. The initial parameters are tested on EURUSD H1. The EA only buys/sells on new candles.

Feel free to contact me with further questions/wishes.

Parameters

• OrderComment: Add a custom order comment
• TP in $: Take profit in €/$ (not pips etc.)
• Max Loss in $: (0=off): Maximal loss in €/$. Orders will be closed when reached
• MagicNumber: Add a custom magic number
• EntryLogic: Choose the entry logic to start a trade
• Init. Lots: Initial lots for a trade
• Minimum Grid in Points: Minium distance in points between two martingale steps
• MaxGrid(0=off): Limit the maximum grid. If dynamic grid or GridMulti is used, the grid can be reduced by this parameter
• GridMulti: Increase the grid distance with increased orders. If Gridmulti=2 and minimum grid is set to 200, the following grid would be used: 200, 400, 800…
• MartMulti: Martingale multiplicator for the order size
• useDYNAMICPROFIT: Use dynamic profit calculation based on ADR. only make sense in combination with useDYNAMICGRID.
• ReferenceProfitPoints: If useDYNAMICPROFIT=true, a TP is calculated as follows: current grid/ReferenceProfitPoints * TP in €
• useDYNAMICGRID: Use a dynamic grid based an ADR
• ADRFactor: Factor to adjust an ADR range
• Max Martingale Steps: Maximum allowed martingale steps
• TrailingEntry (Points): Trailing distance for an entry
• TrailingExit (Points): Trailing distance for an exit
• OpenNewPositions: Open new orders
• SeperateBuySell: Treat Buy and Sell independently (Buy and Sell can occur at the same time)
• AllowBuy: Allow buy trades
• AllowSell: Allow sell trades
• StartHourGMT: Start hour each day
• StartMin: Start minute
• StopHourGMT: Stop hour each day
• StopMin: Stop minute
• GridOutsideTimeFilter: Orders for the grid will also be taken outside of the time filter
• EntryOnTick: If TRUE, the entry will be on tick (makes only sense with Bollinger entry logic. The grid is always on new candles only)
• TradeFriday: Allow trading on Friday
• TradeStopBegin: Program a custom no-trading period (i.e. holidays, news…)
• TradeStopEnd: Program a custom no-trading period (i.e. holidays, news…)
• AppliedPrice: Applied price to the EntryLogics
• Bandsperiod: Period of Bollinger Bands
• BandsDeviation: Deviation of Bollinger Bands
• Slippage in Points: Slippage
• StartOrderLevel to increase TP: If a certain Martingale level is reached, a TP will be increased
• Increase of TP in % per Step: Increase of TP per step. Example: if StartOrderLevel to increase = 5 and increase of TP in % per Step is set to 20, then the TP is increased every step higher than 5 by 20%. So if the Martingale Level will reach 7, the TP is increased by 40%
• EquityCloseLevel: Close all orders if this equity is reached
• AdvancedGrid: Use the same condition (EntryLogic) to open a new grid trade
• CCIFilter: In development
• Double First Lot and TP: Double the TP and Lot of the first order