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MetaTrader 5

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Long Grid Remaining Candle Time

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225 $169 $

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Information

Experts
MetaTrader 5
Carlos Pascual Perez Maturano
2.1
5

Overview

Long Grid Remaining Candle Time Long Grid Remaining Candle Time is an Expert Advisor for MetaTrader 5. It uses a grid strategy for buy positions on the XAUUSD symbol. The EA opens positions based on technical indicators and manages them with a simple grid approach. The EA checks for new bars on the chart. It looks at three indicators to decide when to open a buy position: Average True Range to measure market volatility. Relative Strength Index to check momentum. Exponential Moving Averages to confirm the trend direction. If the conditions are met and no positions are open, it starts with one buy order. The EA can add up to three more buy orders if the price moves against the position. These added orders are spaced at a set distance in pips. All positions close together when the total profit reaches a target level. The EA includes tools to manage risk. It calculates lot sizes based on account equity and a risk percentage. It also has a trailing stop to protect profits on open positions. General Settings Language: Choose English or Spanish for messages. Enable Compounding: Turn on to adjust lot sizes with account growth. Compounding Factor: Set the multiplier for risk in compounding mode. Disable Weekly Loss Limit: Use this for testing to skip weekly loss checks. Technical Indicators Grid Bars: Number of bars to wait between trades. ATR Threshold: Minimum volatility level in pips to allow trading. ATR Period: Bars used for the volatility calculation. RSI Period: Bars used for the momentum indicator. RSI Threshold: Level above which the EA sees strong momentum. Fast EMA Period: Shorter moving average for recent price action. Slow EMA Period: Longer moving average for overall trend. Grid Step: Distance in pips between added grid orders. Risk Management Risk Percent: Percentage of equity to risk per trade. Stop Loss in Pips: Distance for stop loss on each order. Take Profit in Pips: Target profit for the grid basket. Trailing Stop in Pips: Distance to trail the stop loss. Minimum Lot Size: Smallest lot allowed. Maximum Lot Size: Largest lot allowed. Maximum Grid Orders: Limit on added orders per grid. Maximum Drawdown: Percentage limit to pause trading. Weekly Loss Percent: Share of equity for weekly loss cap. Minimum Account Balance: Lowest balance to allow trading. Margin Buffer: Percentage of free margin to reserve. To use the EA, attach it to an XAUUSD chart in MetaTrader 5. Set the timeframe to H1 or H4. Adjust the parameters to fit your account size and risk level. The EA works on new bars only, so it does not trade on every tick. Monitor the trades in the Trade tab. Check the Experts log for messages about opens, closes, and risk checks. For a view of how it performs, look at the Signals service on MQL5.com. Trading involves risk of loss. Use the EA on a demo account first. Past results do not predict future outcomes. Support is available in the product comments section. Version: 2.1 Platform: MetaTrader 5 (EX5 file) Symbol: XAUUSD Recommended Deposit: 1000 USD or more

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