Multi-Level Grid Trade System

Overview

The Multi-Level Grid Trade System is an Expert Advisor for MetaTrader 5, expertly designed to automate forex trading using a grid-based strategy triggered by a 21-period Simple Moving Average (SMA). Ideal for traders seeking scalable, risk-managed grid trading, it opens baskets of trades with lot size multipliers, closing based on profit or breakeven points. Its strength lies in its flexible basket management and robust trade execution, offering a sophisticated tool for grid trading enthusiasts.

Features

This Expert Advisor delivers a comprehensive grid trading system. Signal Generation: Initiates a buy basket when price crosses above the 21-period SMA or a sell basket when it crosses below, limited to 5 baskets. Grid Strategy: Adds positions at 1000-pip intervals with a 2x lot size multiplier (starting at 0.01 lots), adjusting take-profit to breakeven plus 50 pips after multiple positions. Closure Modes: Closes baskets by total profit ($100) or breakeven price plus 50 pips. Trade Management: Uses unique magic numbers per basket, supports up to 5 concurrent baskets, and removes inactive baskets. Indicator Integration: Employs a 21-period SMA for trend signals. Efficient Execution: Processes signals on new bars, ensuring compatibility across timeframes and symbols.

Benefits

The Multi-Level Grid Trade System automates complex grid trading, leveraging SMA signals to capture trends while managing risk through breakeven and profit-based closures. Its multi-basket approach allows scalability, ideal for volatile markets or hedging strategies. Configurable inputs like grid size, multiplier, and closure mode offer flexibility for diverse trading styles. Supported by Allan Munene Mutiiria, this Expert Advisor provides a reliable, strategic solution for grid trading.

Specifications

• Type: Digital software (Expert Advisor for MetaTrader 5)
• Platform: MetaTrader 5
• Language: MQL5
• Version: 1.00
• Developer: Allan Munene Mutiiria - https://t.me/Forex_Algo_Trader
• Link: https://youtube.com/@ForexAlgo-Trader
• Requirements: Active MetaTrader 5 platform, forex symbols
• Indicator: 21-period Simple Moving Average (close price)
• Trade Settings: 0.01 initial lots, 2x multiplier, 1000-pip grid, 200-pip TP, 50-pip breakeven, max 5 baskets, magic number 122346
• Closure Modes: Profit ($100) or breakeven + 50 pips
• Signals: Buy on SMA crossover above, sell on crossover below