Re: Grid EA with Stop Loss and Total Basket Profit ?

5
koleinz wrote: Thu Jul 15, 2021 8:40 am Hello,

Im looking for a Grid EA that have the Option to set a Stop Loss by Pips, and a Function to Shutdown the EA once Take Profit is reached ? It should also adjust TP when multiple Orders are opened.

Do something like this exists ? Especially with the Shutdown Function ?

Please let me know, would also pay for it -
Thanks for your Time!

#MrTools
#Mladen

gridding is probably one of the more advanced trading bot methods.

from reading your post, it looks like the first thing that you would want to have is a function that calculates your breakeven, which is a process of adding up all of your trades and taking an average of them... note that if you only had a single trade opened that your breakeven would be the entry price of that one trade.. when you have multiple trades open, especially when they are of different lot sizes, the calculation for this is not as simple and straight forward.

when you have that breakeven function in place and it draws a line on your chart at that point, it is fairly simple to calculate a stoploss and take profit and to place those trading orders programmatically.

the really difficult part of a gridding system is in deciding if you should be long or short or neutral at any given price.


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