Welcome back, traders! Today, we’re diving into the latest updates on the Ranged Grid Bot EA for MetaTrader 4. This nifty tool is all about enhancing your trading game with some smart automation.
UPDATE: Version 1.01
- Added a unique magic number for better order management
- Now supports multiple symbols—attach it to different charts on the same account
- Time control feature has been integrated for more precise trading
- New option to close all trades automatically at the end of the trading session
So, how does this EA work? It builds a grid of pending limit orders that are spaced evenly, taking into account:
- The current market price: sell-limit orders are placed above, and buy-limit orders are positioned below
- The trading range, calculated using the weekly highs and lows
Once the orders are executed, the EA takes over to manage them effectively. Here’s the core logic:
- IF #EXECUTED ORDERS == 2
OPEN A NEW LIMIT ORDER AT THE PENDING PRICE - IF #EXECUTED ORDERS > TOTAL - 2
RESET THE LIMIT ORDERS TO THE PREVIOUS RANGE
Want to see the strategy in action? Check out the video below!
연관 포스트
- How to Detect New Candle Starts in MetaTrader 4: A Simple Guide
- How to Retrieve the Most Recent Closed Trade in MT4 with Your Expert Advisor
- Mastering One-Click Order Closure on MetaTrader 4
- How to Make Static Arrows on Your MT4 Chart: A Simple Guide
- Mastering Trailing Stop Loss for All Your Trades in MetaTrader 4