Prem Gold Advisor is an automated MetaTrader 5 expert advisor specialized for XAUUSD (Gold) trading on the five-minute timeframe. It initiates trades using breakout levels placed at specific distances from the candle open. The strategy features a progressive scale-in mechanism, adding new orders as the price hits succe
Trading robot · MT5
Grid Hedge Combine
Grid Hedge Combine is a MetaTrader 5 expert advisor designed to automate market entries using a mixture of grid and hedging techniques.
High risk
GitHub stars3
Forks3
Last update2 years ago15 Oct 2024
LicenceNone stated
Overview
Grid Hedge Combine opens initial trades and layers subsequent orders at predefined pip intervals when the price moves against the position. The EA features lot size scaling, allowing for aggressive or constant increases to manage the cost basis. It includes profit calculation methods that account for swaps and commissions. Risk controls involve spread filters, trade limits per price level, and an optional stop loss for hedge positions.
- Combined grid and hedging logic
- Adjustable lot size multipliers
- Retrace-based take profit management
- Aggressive or constant lot scaling methods
- Spread filter and trade frequency limits
Details
Author
Far-1d on GitHub
Type
Trading robot
Platform
Strategy
Markets
Forex
Timeframes
Any timeframe
Risk Profile
- Uses martingale lot scaling: losses can grow fast
- Opens a grid of orders: exposure builds up in a trend
- Holds opposite positions at once
EA Files
Input Parameters
Read from Grid_Hedge_Combine.mq5. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
enable_grid | bool | true | Enable Grid ? |
grid_step | int | 10 | Grid Step in pip |
grid_tp_step | double | 10 | Grid TP Step in pip |
grid_multiplier | double | 10 | Grid Lot Size Increase % |
grid_lot_mtd | lot_inc_mtd | aggressive | Grid Lot Size Increase Method |
enable_modify_tp | bool | true | Enable Close Remaining Positions ? |
ret_percent | int | 40 | Retrace Percent for all TPs |
max_entry_ecc | int | 2 | Maximum Entry Price Freedom in points |
enable_hedge | bool | true | Enable Hedge ? |
hedge_step | int | 10 | Hedge Step in pip |
hedge_multiplier | double | 20 | Hedge Lot Size Increase % |
hedge_profit | double | 5 | Hedge Profit in $ |
Show all 23 inputs
| Name | Type | Default | Description |
|---|---|---|---|
profit_mtd | profit_mtds | swap | Profit Calculation Method |
repeat_hedges | bool | true | Open Repetitive Hedges on the Same Level |
hedge_open_pos | bool | true | Open an Initial Trade on Start ? |
enable_hedge_sl | bool | true | Enable SL in Hedge ? |
Magic | int | 101 | |
max_trades | int | 10 | Maximum Open Trades on a Price Level |
lot_size | double | 0.01 | Initial Lot Size |
max_spread | int | 25 | Maximum Spread of Symbol |
box_clr | color | clrDarkSlateGray | Box Color |
text_clr | color | clrWhite | Text Color |
box_time | int | 10 | Box Visible Time (per candle) |
How to Install It
- 1Download the sourceUse "Download source (.zip)" above, or clone Far-1d/grid-hedge-combination-EA from GitHub, and unzip it.
- 2Open the data folderIn MetaTrader choose File, then Open Data Folder, and go to MQL5/Experts.
- 3Copy the filesCopy the .mq5 file into Experts.
- 4Compile in MetaEditorOpen the file in MetaEditor and press Compile. Fix any missing includes the compiler reports.
- 5Test before you tradeRun it in the Strategy Tester, then attach it to a demo chart and allow algorithmic trading.
Third-party code. ForexR did not write, test or endorse this EA, and the summary above was generated automatically from its README and code. ForexR lists only repositories with readable source code and never hosts files. Read the code, backtest it and use a demo account first; automated trading can lose money quickly.
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