Tarantella - MetaTrader 5 Expert | Gold EA Download - MT4/MT5 Resources

Tarantella EA: Advanced Adaptive Grid Trading System

Tarantella is an advanced grid trading Expert Advisor that combines traditional grid strategies with innovative risk management techniques. At its core, the EA places buy/sell orders in expanding Fibonacci-based ranges and dynamically adjusts position size and grid spacing based on market conditions.

Main features:

Market Profile Integration: Limit trades to high probability value areas (typically 70%) while avoiding control point areas

Multi-layer trend filtering: combines ADX trend strength detection with MA/MACD direction confirmation across time frames

Smart hedging system: activates counter trades at user-defined intervals and provides partial closing options

Adaptive grid management: dynamic grid spacing and batch scaling using Fibonacci ratios (1.0, 1.618, 2.618...)

Advanced entry conditions: Requires consecutive bars + volume filter + optional ATR/RSI confirmation

Comprehensive risk management:

Trailing Stop and Breakeven Triggers

Position limit for closing of oldest trade

Equity-Based Full/Partial Closing Rules

Stop loss buffer that respects broker restrictions

Strategic advantages:

Only trade during confirmed trends (ADX > 25 + MA/MACD alignment)

Use market profiling to avoid low probability areas

Reduce drawdowns through active hedging

Adapting to Volatility with Fibonacci Grid Expansion

Implement four levels of risk protection (position limits, equity stop loss, tracking mechanism, hedging coverage)

Please note: This EA is not designed for real-time trading. Using a martingale strategy or increasing your lot size may eventually cause you to lose your balance completely. It is intended for demonstration and strategy testing only. The code needs significant updates to be suitable for live trading. Think of it as a work in progress and make improvements as you go.

Suitable for: EURUSD, GBPUSD, XAUUSD and other liquid currency pairs on the M15-H1 time frame. A medium to high volatility environment is required.

Package includes: fully commented code, preset files for major currency pairs, and detailed risk management guide.

Attachment download

📎 tarantellav1.37.mq5 (129.49 KB)

Source: MQL5 #62713