My Grid FX EA Specification No: 1 Can run on any chart and timeframe simultaneously. --------------------------------------------------------------------------------------------------------------------------- No: 2 Manually open a first position. --------------------------------------------------------------------------------------------------------------------------- No: 3 The idea behind this EA is that it places subsequent trades as the market continues to move against the last trade. Grid Step: Unit in Pips. If Grid Step is 5 pips. EA check current open candle (first tick). If market move against (lose) last trade is 5 pips or more, open new trade. --------------------------------------------------------------------------------------------------------------------------- No: 4 And with each new trade, it will be entering at a better price since with each new trade it is even more likely that the market will reverse. Lot Size Plus This is an input that controls the lot add for each trade. Unit in standard lots. If Lot Size Plus is 0.02 Lot. Manually place order 0.01 lot. EA entering the following sequence with 0.03, 0.05, 0.07 etc. --------------------------------------------------------------------------------------------------------------------------- No: 5 Grid Basket Min Profit. Unit in deposit currency. If Grid Basket Min Profit is 0.50. EA check current open candle (first tick). If total opening trade profit is 0.50 or more, close all opening trade. --------------------------------------------------------------------------------------------------------------------------- No: 6 To protect excessive losses. Stop Loss is needed. Stop Loss: If balance is 500. Stop Loss is 350. When equity drop to (500 -350) 150. Close all the trade to end the grid. Stop Loss is independent or stand alone for one pair of currency. 2 or more pair of currency is trading with same account can be a difference Stop Loss. --------------------------------------------------------------------------------------------------------------------------- No.7 Panel trading with Buy, Sell, Start Lot Size, Grid Step, Lot Size Plus, Grid Basket Min Profit and Stop Loss. Can drag and move around the chart. --------------------------------------------------------------------------------------------------------------------------- No: 8 Trading Robot for MetaTrader 5. --------------------------------------------------------------------------------------------------------------------------- No: 9 EA Info as bellow: Name: My Grid FX Author: Created by Jimmy Chee --------------------------------------------------------------------------------------------------------------------------- No: 10 This is finish product default input parameters and properties panel arrangement. Variable Value MY GRID FX EA MENU ----- MY GRID FX EA PARAMETERS ---------------------- ----- LOT SIZE PARAMETERS Start Lot Size 0.01 Lot Size Plus 0.02 --------------------- ----- GRID PARAMETERS Grid Step (in pips) 5 Grid Basket Min Profit (in Deposit Currency) 0.50 ---------------------- ----- BALANCE PROTECTION Stop Loss (in Deposit Currency) 350 --------------------------------------------------------------------------------------------------------------------- END