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Mastermind Grid Trading EA Free Download Mastermind Grid Trading EA FREE Download

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Mastermind EA is a free downloadable grid trading EA. It works based on four different trading strategies plus the grid trading method . If used effectively, these trading strategies can provide traders with an edge in dealing with market fluctuations and identifying profit opportunities.

This Grid Trading EA takes grid trading strategies to the next level, combining three additional techniques to maximize profits. With advanced time management systems, notification systems, and Friday end-of-day systems , traders gain more control and convenience, allowing them to make timely and informed decisions.

In addition, there is an advanced News Filter integrated into the platform, providing real-time market updates, which is crucial to staying ahead of the game. These features and highly customizable input parameters make the Grid Trading EA a highly flexible trading tool.

Although the Mastermind EA is designed specifically for GBP/USD trading , its adaptability allows use in a variety of trading instruments. Recognizing the dynamic nature of the Forex market, it also supports the NZDCAD, AUDCAD and EURJPY currency pairs , making it a versatile tool for a variety of traders.

Understand grid trading EA technology

Grid trading strategies are a controversial topic among the trader community due to the complexity and unique risk profile . When applied correctly with the right risk and setup, they can produce relatively safe and consistent returns that are unmatched by other trading strategies. However, they can also fail badly in certain situations.

The key to successful grid trading is managing risk effectively and applying correct trading logic at entry and exit points. The Grid Trading EA is designed to determine the optimal moment for initial market entry and subsequent grid-based resumption of trading.

Mastermind EA is not just another trading system; It is a comprehensive trading solution that integrates enhanced trading logic, overbought and oversold trend filters, and a dedicated email and push notification system.

With "long only" and "short only" trading options, a "reverse attach" option and a "second line recovery" option, it provides traders with unprecedented control over their trading activities.

Safety line and scalping capabilities

One of the distinctive features of the Grid Trading EA is the implementation of a second safety line for additional trading. This unique feature facilitates safe "high frequency" scalping when prices are constrained within a narrow range. It also offers a second line of remote retracement compensation trading if market prices turn unfavorable.

The second compensatory trade is triggered only after high market volatility and a strong market reversal pattern is detected. This combination of proactive measures ensures maximum protection of users’ investments.

Please test in a demo account for at least a week first. Also, please familiarize yourself with and understand how Grid Trading Robot works, and then only use it on a real account.

Mastermind EA’s suggestions

  • Minimum account balance of 3000$ or equivalent cent account.
  • This EA is specifically for GBPUSD . (Applies to any pair)
  • Works best on M15 TimeFrames . (works in any time frame)
  • Mastermind EA should be online 24 hours a day for optimal performance. Recommended VPS (Reliable and Trustworthy Forex VPS – FXVM)
  • Recommended low spread accounts ( find the best broker for you here )
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Input Parameters
Grid Trading Mastermind FREE Download ForexCracked.com

Available Signals

  • Signal_1 – true/false enable/disable signal 1
  • Signal_2 – true/false enable/disable signal 2
  • Signal_3 – true/false enable/disable signal 3
  • Signal_4 – true/false enable/disable signal 4

Risk Management

  • FixedLots – fixed trading volumes (valid if AutoMM=0).
  • AutoMM - Values ​​greater than zero will activate the proportional automatic money management feature - for example, the default value AutoMM=0.2 means that the initial trade will be 0.02 lots for an account equity of $10,000.
  • AutoMM_Max – maximum allowed risk value
  • K_Mart – Lot multiplier for additional trades in the first line

General Settings

  • Magic - The magic number - it is crucial for all robots to keep this different.
  • EA_Comment - text that will be added as a comment to each trade opened by the Grid Trading EA.
  • MaxSpread - the maximum allowed spread for opening a position.
  • LongTrades – true/false enable/disable long trades
  • ShortTrades – true/false enable/disable short trades
  • OnlyManualTrading – To only trade manually with Mastermind EA, set this parameter to true. By default its value is false: this means that the robot can trade automatically and can be used for manual trading.

Custom Settings

  • M1_Execution – true/false enables/disables the execution of trading logic when the M1 bar opens
  • ForceProfit – market exit profit (in points)
  • ForceLoss – market exit loss (in points)
  • FixedTakeProfit – fixed take profit point
  • FixedStopLoss – fixed stop loss pips
  • OscPer – Oscillation period on the M15 timeframe
  • OscLev – Entry overbought and oversold levels on the M15 time frame
  • OscPerHiTF – Oscillation period on H1 and H4 timeframes
  • OscLevHiTF – Entry overbought and oversold levels on H1 and H4 timeframes
  • TrendFilterON – true/false enables/disables MA-based trend filtering
  • MA1_Per – period of the first moving average used in the trend filter
  • MA2_Per – period of the second moving average used in the trend filter

Additional transaction settings

  • MaxAddTrades – the maximum allowed number of additional trades in the first row
  • AddOnReverse – activates the mode that allows additional trades only after a reversal line is detected.
  • ReverseBarTF – AddOnReverse function for reversal bar time range
  • add_distance_default – The default minimum distance (in points) between any add-on transactions and the preview transaction.
  • AddDistance_1 – Distance between initial transaction and first additional transaction. If the value is 0 (zero), the value of AddDistance_Default will be used!
  • AddDistance_2 – The distance between the 1st add-on transaction and the 2nd add-on transaction. If the value is 0 (zero), the value of AddDistance_Default will be used!

There are ten available slots that can be used to set different distances between other transactions! By default, MaxAddTrades is 3, which means the first three slots will be used. For example: If you set MaxAddTrades to 5, the first 5 slots will be used. If you wish to set MaxAddTrades greater than 10, the Grid Trading EA will use the AddDistance_Default value as the distance between additional trades after the 10th additional trade.

  • AddDelay_1 – Number of minutes to delay opening the first additional trade. The default is 0 (zero), which means no delay will be used.
  • AddDelay_2 – A few minutes of delay before the start of the second add-on transaction. The default is 0 (zero), which means no delay will be used.

There are ten available periods for setting a delay before opening other trades. But the robot will only use slots equal to the value of the MaxAddTrades parameter. For example, when MaxAddTrades is 3, the first three slots will be used.

Recovery Settings

  • RecoveryProfit – exit profit (in pips) if recovery trading is turned on
  • RecoveryAfter – Minimum distance (in points) between the first recovery transaction and the previous additional transaction
  • RecoveryTrades – the maximum number of recovery trades allowed
  • Resumption trade distance – minimum spread between resumption trades
  • Recovery Risk Multiplier – lot size multiplier for recovery trades

time management system

  • AllowedHour_ForBacktest – This parameter is only used for backtesting! It helps optimize your time management system. Here's how you use it during optimization, set the starting value to 0 and the ending value to 23, step 1. Each optimization can only be optimized for one day. For example, if you want to optimize trading hours on Monday, you must disable the interval for other days by setting TuesdayTrading=false… to… FridayTrading=false. After the optimization, the tester will show you the best trading time on Monday. You can add these best times in the parameter MondayTradingHours, separated by commas, for example 1,4,6.
  • NoAddsAlso – If you set it to true, MasterMind EA will not open additional trades during the time when trades are not allowed. If you set it to false, the bot will open additional trades even if trades are prohibited for a specific time.
  • MondayTrading – true/false – enable or disable Monday trading
  • MondayTradingHours – trading hours separated by commas. For example, MondayTradingHours =22,23,0,1,2 – only during these hours the robot can trade.
  • FridayTrading – true/false – enables or disables Friday trading
  • FridayTradingHours – trading hours separated by commas. For example, FridayTradingHours=22,23,0,1,2 – only during these hours the bot can trade
  • SaturdayTrading and SundayTrading – true/false – Enable or disable trading on Saturday and Sunday respectively. Some brokers trade on weekends due to large GMT offsets, so we added these parameters. There are two additional parameters "SaturdayTradingHours" and "SundayTradingHours". They are similar to other...TradingHours parameters. If your broker allows trading on weekends, they can allow you to set times for the Grid Trading EA to trade on Saturdays and Sundays.

Friday Exit

  • FridayExit – true/false – If you want to close all trades on Friday, you should use FridayExit=true.
  • ExitHourFr – The robot will close all open positions at this time on Friday.
  • LastTradeHour – The robot can trade up to and including the end of Friday’s hour.

If you decide to use the "FridayExit" option, you should set LastTradeHour and ExitHourFr a few hours before the broker closes on Friday.

Notifications

  • EMAIL_Notification – true/false – Enable/disable email notifications.
  • PUSH_Notification – true/false – Enable/disable push notifications to mobile phones

GMT Settings

  • GMT_Offset – Your broker’s winter GMT offset.
  • Calculate_DST – true/false – Set to TRUE if the broker moves the GMT offset by +1 during the summer. Set to FALSE if the broker uses the same GMT offset throughout the year.

News filter settings

News filtering is turned off by default. It is your personal choice whether to activate this feature. The news filtering function can improve the system's profit coefficient, reduce retracements, reduce the number of transactions and total profits.

  • Avoid_News – true/false – Use or not use news filter.
  • Include_Medium_News – True/False – Include or exclude medium impact news. High-impact news is included by default.
  • Filter_NFP_FOMC_ONLY – True/False – When true, the news filter will only stop trading during NFP and FOMC news.
  • Wait_Before_News – Number of minutes before news releases trading will be disabled.
  • Wait_After_News – Number of minutes after news release to enable trading.
  • Check out more grid trading robots here

Conclusion

In summary, Mastermind EA’s versatility across different currency pairs, advanced features, and second line of safety system provide a user-centric trading experience. Whether you are a newbie or an experienced trader, this tool increases efficiency and flexibility, paving the way for a more dynamic and successful trading journey. The excellent adaptability and user-friendly interface of this grid trading EA make it an important player in shaping the future of automated trading.

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