This EA will place an opening trade based on trend (1). Losing trades are followed with a martingale grid, increasing lot sizes via multiplier (2). Once a martingale order hits take profit it will close the orders that initiated it also, so if it opened 5 martingales in one thread and the 5th hits take profit all 5 orders plus the initiating trade close now. EA with then reset and look for next entry based on trend.
(1) Trend will be based on three factors that must line up in tandem. With the option of turning each one to TRUE or FALSE. All settings will be changeable.
1. EMA, default of 62
2. PSAR, default START 0.03, INCREMENT 0.02, and MAX VALUE 0.2.
a. For a SELL the PSAR must be above the candle, and for a BUY the PSAR must be below the candle
3. Heikin Ashi candles, default 2 consecutive closed HA candles needed.
(2) Distance in PIPS when subsequent martingale trades open will look like this:
*All settings will be changeable. Next Martingale trade will only open when pip amount is reached, the initial trade will NOT set up pending grid orders.
1. Grid #1- default set at 5 pips from opening trade
a. Multiplier for Grid #1 default 2x lot size of opening trade
2. Grid #2- default set to 15 pips from Grid #1
a. Multiplier for Grid #2 default 2x lot size of Grid #1
3. Grid #3- default set to 50 pips from Grid #2
a. Multiplier for Grid #3 default 1.5x lot size of Grid#2
4. Grid #4 and remaining grids- default set to 100 pips from Grid #3
a. Multiplier for Grid #4 and remaining default 1.5x lot size of Grid #3
-Max Grids - will be the max amount of martingale trades allowed to open
Take Profit in USD- total TP for initiated trade and subsequent martingale trades all together. TP will account for spread, commission, and swap fees.
-Halt Trading - T/F - If activated, the EA will stop trading after the next win
Max Spread: max number of POINTS the spread can be for a trade to open
18 freelancers are bidding on average $433 for this job
Hi, I'm a software developer with focus on metatrader platform. I've got many years experience both in trading and coding. Programming languages - MQL4/5, AFL, PineScript.
Hi I have already worked in several complicated Grid based projects. I can help you a lot building these system. I am top rated developer in upwork. So, do not hesitate to count me in. Thanks in advance Regards.