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REGISTER PARTICIPANTS Expert The Grid Inside Mt4

Discussion in 'Forex Market MQL5' started by Emma McNeill, Oct 8, 2020.

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  1. Emma McNeill

    Emma McNeill Moderator
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    #thegridinside

    the-grid-inside-logo-200x200-6989.png

    The Grid Inside works on a counter trend mode, automatically opens a new order when it hits the price target due to the Fibonacci levels at 23.6 and 73.6.

    If the price goes the wrong way it opens another order with a calculated lot and position.

    All the positions are closed when it reaches the target profit defined on settings.

    As TGI does not use stop loss, I don't recommend you put on your account more than you can afford to lose, the higher the timeframe safer it gets.

    Once an order is triggered the EA works its best to close on profit, you can adjust your target due to the margin level with the marginTarget parameter.

    You can set the margin limit when to close at the margin profit target to close all orders.

    I recommend use a VPS, and H1 timeframe with a pipStep around 40 or higher, the best amount to begin is 1200 USD or higher for each minimum lot of 0.01.

    Choose any currency with lower spred, about 15 maximum.

    Input parameters
    • useMM - relative to your deposit load, it multiplies the initial lot according to the amount of your account.
    • fixedLot - the first lot will be fixed at this value.
    • moneyTarget - the exact number of points reached to close all the trades, works like a virtual take profit.
    • depositLoad - to use with useMM, means 1 deposit load for each initial lot value (eg. for 2000 -> initial lot 0.01, 4000 -> initial lot 0.02).
    • maxMarginLimit - determine the limit of margin to use the moneyTarget, if it gets to risky it closes with a marginTarget.
    • marginTarget - like moneyTarget it closes with a value you define here.
    • displayInfo - if you want the info to be displayed.
    • lotFactor - the multiplying factor of your lots of next trade.
    • channelBars - the numbers of bars needed to calculate the highest and lowest price of the candles.
    • Monday - if you want to trade on Mondays.
    • Tuesday - if you want to trade on Tuesdays.
    • Wednesday - if you want to trade on Wednesdays.
    • Thursday - if you want to trade on Thursdays.
    • Friday - if you want to trade on Fridays.

    the-grid-inside-screen-6056.JPG

     
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