AlexM is a grid trading system based on the return of the price to the average value using RSI indicators,
Bollinger Bands
Currency pairs: AUDCAD, AUDNZD, NZDCAD.
- Timeframe: M15
- Functions:
- The EA is installed on only one chart to trade all symbols
- If your broker uses a suffix (for example, AUDCAD.a), you should update the names in the Symbol parameter.
- MM and risk settings
- Lot Sizing Method – Select a lot sizing method according to the risk you want to take:
- Fixed lots will use the fixed lot size from the “Fixed Lot” option,
- Dynamic lots will use the “Dynamic Lot” option,
- The deposit load will calculate lots based on the deposit load percentage and 4 predefined presets will automatically calculate the risk for you
- Fixed Lot – fixed trading lot for the initial deal.
- Dynamic Lot (based on balance/equity) – balance/equity to be used per 0.01 lot.
- Deposit loading % – % of the deposit, which will be fully used to open the initial transaction.
- Maximum Lot – maximum allowable trading lot
- Maximum Spread, in pips – the maximum allowable spread
- Maximum slippage for a non-ECN account, in pips – the maximum allowable slippage
- Maximum characters at a time – the maximum number of characters that can be opened at the same time.
- Allow hedging – allow opening multidirectional trades for one symbol
- Allow trading on holidays – enable/disable the Christmas/New Year trading filter
- Allow buy/sell – enable/disable buy/sell tradesMaximum Drawdown Percent – if the current floating drawdown exceeds the specified %, the EA will close open positions
- Strategy
- Symbols – comma separated symbols (configurable if empty)
- Bollinger Bands Period – BB period used to calculate high/low levels
- RSI Period – RSI period used to filter trades with little potential.
- Maximum RSI Value – value for the RSI filter
- TakeProfit for Initial Trade, in pips – take profit on the initial trade (if there are no open trades on the grid)
- TakeProfit for Grid, in pips (weighted if zero) – take profit for the grid. If zero, then the TP is weighted, i.e. is equal to the TP of the initial order in money (not in pips!)
- StopLoss for Grid, in pips (1000 pips if zero) – stop loss for initial/grid trades
- Hide StopLoss – enable/disable hide stop loss
- Grid settings
- Trading distance – min. step in pips between grid (averaging) trades
- Smart Distance – automatically adjusts the trading distance based on market volatility
- 2nd Trade Multiplier – multiplier for the 2nd trade
- 3rd-5th Trade Multiplier – multiplier for 3-5 trades
- 6th- Trade Multiplier – multiplier for 6…. trades
- Maximum Trades – maximum number of trades per grid (averaging)
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