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GridMACD_MM Forex EA – Expert Advisor for Reliable Trading Results
Explore the power of GridMACD_MM.mq4, a robust Forex Robot designed to optimize your trading strategies. This Expert Advisor (EA) leverages grid trading principles combined with the effectiveness of MACD indicators, ensuring precision in market analysis. Compatible with multiple brokers, including LQDFX and FXOpen, this EA delivers consistent performance across various trading environments. Elevate your trading experience with the GridMACD_MM Forex EA, your key to automated success in the dynamic forex market.
gridmacd_mm.mq4 8.81 kb, 46 downloads since 2015-04-19
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The gridmacd_mm.mq4 Forex EA strategy involves grid trading combined with MACD (Moving Average Convergence Divergence) indicator signals. Grid trading involves placing buy and sell orders at specific intervals, aiming to profit from price fluctuations.
You can configure various parameters when setting up this EA.
These parameters include:
initialGridInterval: The initial distance between grid orders (in pips).
subsequentGridInterval: The interval for additional grid orders (in pips).
maxOrders: The maximum number of orders the EA will open.
maxProfit: The maximum profit at which the EA will stop trading.
Lots: The lot size for each order (trade size).
MaximumRisk: The maximum risk (as a percentage of available margin) for each trade.
DecreaseFactor: A factor to adjust the lot size based on past losses.
slippage: The acceptable slippage for order execution.
minOppOrders: The minimum number of opposite orders needed to close a grid if they have a slight profit.
maxOppOrders: The maximum number of opposite orders that can trigger a grid closure.
shutdownGrid: A boolean option to shut down the grid trading entirely.
Main Function: The main function of this EA is to open buy and sell orders based on MACD indicator signals, maintain a grid of orders, and manage these orders effectively.
It does the following:
When the MACD indicator crosses from positive to negative or vice versa, and there are no open orders, the EA will place a buy and a sell stop order with the grid interval.
If there are open buy orders, it will add more buy stop orders at subsequent grid intervals. The same applies to sell orders.
The EA calculates the total pips and profits for all open orders and displays this information.
It can close the entire grid under specific conditions: when a predefined number of opposite orders with profit (minOppOrders) is reached or when a maximum number of opposite orders (maxOppOrders) is reached. Additionally, it can close all orders if the total profit exceeds the maxProfit or if the maximum number of orders is reached.
Risk Management:
The EA has a risk management feature that adjusts the lot size based on past losses. It calculates the lot size based on the available margin, and if there are losses in recent trades, it decreases the lot size accordingly.
Magic Number and Comment:
The EA assigns a unique identifier (magic number) to its orders to differentiate them from other trading robots. It also attaches a comment to the orders to help identify which EA placed them.
Order Management:
The EA can delete pending orders and close open orders with a specified magic number. It ensures that the grid is well-managed and responsive to market conditions.
In summary, gridmacd_mm.mq4 Forex EA is an EA that combines grid trading with MACD indicator signals to open and manage orders. It offers various configuration options for risk management and grid parameters and aims to maximize profits while limiting losses. It uses buy and sell stop orders to create a grid of trades and adapts lot sizes based on past performance.
gridmacd_mm.mq4 8.81 kb, 12 downloads since 2023-11-06
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