XP Forex Trading Manager Grid MT4 - MetaTrader 4 Expert - MetaTrader 4 Resources

Forex Trade Manager Grid MT4 helps you manage your orders and achieve your goals. You just place your first order using Take Profit, run the EA and set the profit parameters (in points) you want to get. The EA will manage your position and collect the specified number of points. This is a strategy for managing manual trades opened on the current currency pair. This strategy adds positions to current open trades (distance between trades selected in points) in grid management - up to 15 trades (or less). First, up to 3 trades are managed with separate take profit, after the 4th trade the EA closes the entire grid to a common level (breakeven). TP can be renewed after closing the position. If the loss is greater than the allowed risk balance percentage, the entire cycle can be closed.

"Additional trade parameters":

AddNewTradeAfter – distance in points from the last trade after which a trade is added to the grid

"Taking profits"

TakeProfit1Total (number) – total TP (points) required to start from the first position

TakeProfit1Partitive – initial TP of the first position in the period (in points)

TakeProfit1Offset – the minimum distance (in pips) required for the final closing of the first position to take profit required to renew the first trade

TakeProfit 2/3 – Personal TP (in points) for the 2nd/3rd position in the cycle

TakeProfit 4/5/6/…15Total – Total TP (points) of all positions in the period (for 4 or more open trades)

"Trade Parameters"

MaxOrders – the maximum number of transactions allowed in the grid

Risk Balance % – Maximum allowed loss as a percentage of account balance (to close all open positions)

Lot size – the lot size for EA opening trades

Slippage – Slippage allowed

All parameters of transactions and functions can be set in the EA parameters. The Forex Trading Manager grid also displays information on the current period's profit/loss in pips and account currency on the chart.

Attachment download

📎 xp_trade_manager_grid.mq4 (77.14 KB)

Source: MQL5 #42177