Trading Robots for MetaTrader 4
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MetaTrader 4
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Overview
FOREX GRAAL is a unique Expert Advisor created by a professional prop trader and financial asset manager with many years of experience. This is a solution for those who strive for stable profits without constant control over each transaction or monitoring the work of a trading advisor. Created for optimal conservative trading and investing through exchange instruments with long-term regular profits and minimal risks. The Expert Advisor algorithm is based on a deep understanding of market patterns and personal experience in exchange trading. The author's strategy has passed the test of time, therefore it guarantees accurate signals and well-thought-out decisions.
ATTENTION! CAREFULLY STUDY THE OPERATING PRINCIPLE AND AVAILABLE SETTINGS OF THE EXPERT ADVISOR BEFORE YOU START USING IT!
Universal Expert Forex Graal: A Comprehensive Overview
The Universal Expert Forex Graal conducts in-depth market analysis utilizing our proprietary indicator, enhancing the accuracy of entry and exit points. This expert incorporates several established profitable strategies based on Locking and Martingale methods, seamlessly integrated into a single strategy that accommodates fully automated conservative trading across multiple instruments.
Forex Graal's capability to operate concurrently on several trading instruments within a single account promotes diversification of the trading portfolio, significantly increasing profit potential. With fully automated trading, users can achieve annual returns of up to 300%. The average position holding duration varies by instrument and timeframe, typically ranging from 1 to 3 days for 1-hour (H1) and 4-hour (H4) charts, yielding daily profits between 0.5% and 2.5%.
Moreover, Forex Graal offers extensive customization options, enabling traders to tailor the expert to their specific strategies for one or multiple instruments across various timeframes, reflecting individual preferences.
Upon activation, the expert generates support and resistance levels on the chart for the selected timeframe, derived from our unique algorithm. The initial two orders are executed simultaneously in both BUY and SELL directions, with Take Profits set at the nearest support and resistance levels. For conservative, fully automated trading, it is advisable to operate solely based on these levels on the H4 timeframe. This entails setting "Open after TP" to true and "Open by distance" to false. In this configuration, upon executing the first two orders at the nearest support and resistance levels, limit pending orders will also be established in accordance with the predefined multiplier. Consequently, regardless of price movement after opening the first two orders, the trader is positioned to profit from one of them, which will close at the designated Take Profit. The remaining order will trigger a limit pending order at the same level, followed by averaging orders at subsequent support or resistance levels. For H4 trading, a multiplier of 1.5 and a Take Profit range of 200-300 pips is recommended. Typically, this strategy facilitates the closure of negative grids through 2-5 averaging orders, after which two new BUY and SELL orders are activated, continuing the cycle. This strategy allows simultaneous trading across multiple instruments, making it particularly effective in the Forex market. Optimal results have been noted when executing the strategy across all available currency pairs, although it is prudent to avoid trading low-volatility instruments on timeframes of H1 and higher (e.g., EURJPY, CHFJPY, CADJPY, AUDJPY, GBPNZD, GBPUSD) or to utilize smaller lot sizes for such instruments. Additionally, traders should employ risk management filters to regulate the number and total volume of open orders, as well as the permissible level of deposit drawdown, at which point the expert's algorithm adjusts to the specified timeframe conditions. For instance, when operating on the H1 timeframe, transitions to H4 and D1 may be appropriate, while for H4, D1 and W transitions are advisable. Implementing these filters can effectively manage deposit drawdowns in a fully automated mode. Based on our analysis, optimal drawdown thresholds for switching to higher time frames are 7-10% for the second filter and 12-15% for the third, ensuring that deposit drawdowns do not exceed 20%.
For optimal trading, we recommend using cent accounts with a leverage of 1:2000, initiating with a first lot size of 0.1 and a multiplier of 1.5 for deposits of $500, facilitating simultaneous trading on 18-22 currency pairs to achieve an average monthly profit of approximately 20%. For a more conservative approach, a first lot of 0.05 may be used, yielding an estimated monthly profit of around 12%.
Just as the Holy Grail is reserved for the deserving, so too does our Forex Graal serve as a genuine opportunity for dedicated traders who pursue algorithmic trading with seriousness and professionalism!
The Expert Advisor encompasses the following functionalities:
- Time Control: Allows selection of operational periods.
- Min Points to Level: Sets the distance for opening orders while ignoring automated settings.
- Timeframe and Lot Size: Specifies the current timeframe and initial lot size for trades.
- Multiplier: Defines the multiplier for subsequent orders.
- Open by Distance: Offers options for distance-based order opening, with associated risks.
- Take Profit: Sets Take Profit levels for remaining orders post-closure.
- Max Positions: Regulates the number of open orders in one direction.
- Max Lot: Limits lot sizes for further orders to manage drawdown.
Traders can establish two drawdown filters for monitoring:
- Drawdown Filter 2: Max DD for TF2 in percentage.
- Drawdown Filter 3: Max DD for TF3 in percentage.
These filters govern when the algorithm should automatically switch to higher timeframes, mirroring the functions of previously mentioned parameters.
Additionally, the chart indicates the breakeven level of all open orders as a yellow line, providing crucial insights.
This advisor employs a universal panel displaying essential information for traders, including:
- Ticker of the traded instrument.
- Count of open BUY and SELL orders.
- Current unrealized drawdown or profit, color-coded for clarity.
- Fixed profit amounts for the current day, week, and month.
- Buttons for manually closing all open BUY or SELL orders as desired.
Author's Comment about functionalities:
- Use time control 1 and Use time control 2 (false / true) - select the period of time of operation when true is enabled. If false, the advisor will work around the clock.
- Min points to level false / true - a function that allows you to select the distance from the current price to the nearest support / resistance level, when opening the first pair of orders and automatically setting take profits for them and placing limit orders will be ignored. The function allows you to get more profit from closing one of the first orders (plus).
- Min points to level - this parameter is specified in pips.
- TimeFrame 1 (current) - the current timeframe and its settings below.
- Lot size - the size of the first pair of orders in lots.
- Multiplier - the multiplier with which subsequent orders will be opened
- Open by distance (false/true) - a function that allows you to open orders first in both directions with a distance when true is enabled. When false, orders in both directions will be opened only for the first pair. This function allows you to significantly increase profits, but is also fraught with the occurrence of a significant drawdown of the deposit. It is recommended to use only on small time frames on a calm market without a news background and under the control of the trader. or on large timeframes in the absence of support or resistance levels determined by the algorithm, when the price is at historical highs or lows.
- Step - the distance at which pairs of orders will be opened when true is enabled.
- Open after TP (false/true) - a function that allows opening automatically set limit orders when one of the first pair of orders (plus) is closed when true is enabled (or a grid of several orders, if true is also enabled for Open by distance, If false, limit orders will not be opened until the second (minus) order from the first opened pair is closed. which can lead to a long delay in its closing when opening at the maximum or minimum price. and when true is enabled for Open by distance - a grid of orders. which can lead to a sharp significant drawdown of the deposit.
- Take Profit - a parameter for take profit, with which the orders remaining after the closing of a plus order or grid of orders (depending on the previous settings) will be closed. This parameter is specified in pips
- Max positions (false/true) - a function that allows opening orders in one direction and allows regulating their number, thus limiting further drawdown of the deposit.
- Max positions by side - this parameter is specified in pieces.
- Max lot (false/true) - - a function that allows opening orders in one direction and allows regulating their lot size, thus limiting further deposit drawdown.
- Max lot - this parameter is specified in lots
Next, traders are given the opportunity to set two filters to control deposit drawdown:
- Drawdown filter 2
- Max DD for TF2 in %; and
- Drawdown filter 3
- Max DD for TF3 in %
The algorithm is equipped with customizable drawdown thresholds expressed as a percentage. When the account drawdown reaches these specified levels, the system will automatically transition to a higher timeframe, applying the parameters established by the trader. This functionality operates similarly to the parameters set for the initially active timeframe, ensuring that the trading strategy remains responsive and aligned with the trader's preferences while effectively managing risk.
Also, the chart displays the zero price of the grid from all open orders (breakeven level) as a yellow line.
This advisor uses a universal panel for all our advisors, which displays the following information necessary for the trader:
- Ticker of the traded instrument
- Number of open BUY and SELL orders
- Size of the current unfixed drawdown or profit (with a drawdown of up to 20% - standard color, with a drawdown of more than 20% - red, with profit - green)
- Size of the fixed profit for the current day, week and month,
- Furthermore, two buttons are provided for manual closure of all open BUY or SELL orders at the trader's discretion.
Added in 1.45:
Show information on all symbols
Magic Number - If you work with several instruments simultaneously on one terminal, you need to specify different numbers for each instrument. Also, if the expert has already opened positions, then when changing the number, the expert will start working again, and new positions will not be compared with the previous ones.
Font size - changing the font in the expert panel
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