Grid Trapper USER MANUAL – My Trading – 13 January 2022


“4you Trading Robots”

USER MANUAL for “Grid Trapper”.

1. How to buy the EA  

There is already a guide on buying MQL5 EAs, I suggest reading it if there are any questions about it.

2. How to attach EA to chart.

2.1. Just drag and drop the file to chart and make a smiley face.

2.2. Choose your Lot Sizing Method and turn on Info-panel.

2.3. The EA must be attached to AUDCAD, AUDNZD, NZDCAD TF M15 charts.

3. Parameters

  • Print Logs On Chart – on/off Info-panel;
  • Short Name (In Comment Section) – appears in Journal or Account History in comment section;
  • TF for trading (mandatory 15 Minutes);
  • Bollinger Bands Period – period of BB used to calculate the upper/lower levels;
  • RSI Period – period of RSI used to filtering out trades with small potential;
  • Maximum RSI Value – value for the RSI filter;
  • Take Profit for Initial Trade (points) – take profit for the initial trade (if no grid trades opened);
  • Trade Distance (points) – min. step in points between grid (averaging) trades;
  • Magic – identifier of trade position;
  • Maximum Spread (points) – maximal allowed spread;
  • Maximal Trades – max number of grid (averaging) trades;
  • No more Initial Trades (only grids) – no more new Initial Trades, only grids;
  • Symbols open same time – number of symbols opened in same time;
  • *Lot Sizing Method – select the lot sizing method according to the risk you want to take;
  • Fixed Lot – size of initial trade;
  • Deposit load % – value for adjusting your own initial lot size.

*Lot Sizing Method

  1. Fixed Lot – will use always fixed lot on initial trade;
  2. Low Risk 20% annual – smart lot-size calculation based on account equity to get approximately 20% annual income;
  3. Mid Risk 40% annual – smart lot-size calculation based on account equity to get approximately 40% annual income;
  4. Significant Risk 80% annual – smart lot-size calculation based on account equity to get approximately 80% annual income;
  5. High Risk 120% annual – smart lot-size calculation based on account equity to get approximately 120% annual income;
  6. Maxed Risk – smart lot-size calculation based on account equity to get maximal annual income;
  7. Lots based on Deposit load % – lot-size based on account equity and margin requirement.

*All parameters are optimized and ready to use, just choose your Lot Sizing Method.

4. Requirements

  • Supported currency pairs: AUDCAD, AUDNZD, and NZDCAD;
  • Timeframe: M15;
  • The EA is sensitive to spread and slippage. I advise using a good ECN broker;
  • The EA should run continuously;
  • EA uses the adaptive lot-sizing calculation, but with low leverage (1:30 and lower) could be margin requirement problems on low equity accounts. As a solution, you can use Maxed Risk or Deposit load % method for adjusting your own initial lot size or increase account equity.



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