VR Smart Grid Lite MT5
This software component for MetaTrader 5 is built to enhance the capabilities of your trading environment. This Expert Advisor serves as automated trading software. It is utilized to monitor financial markets and execute trades based on predefined algorithmic rules, enabling precise position management without the need for constant manual oversight.
How to Setup and Use VR Smart Grid Lite MT5
1. Installation: Open the "File" menu, select "Open Data Folder," navigate to MQL/Experts, paste your file, and restart the terminal.
2. Activation: Drag the EA from the Navigator onto a chart, ensure "Allow live trading" is checked in the Common tab, and verify the AutoTrading button is green.
3. Optimization: Right-click your chart, choose "Expert List," click "Properties" to adjust inputs, and save your preferred setup as a set file for future use.
4. Maintenance: Regularly check the "Experts" tab in the terminal window to monitor trade logs and potential execution errors.
Frequently Asked Questions
Q: Why is my EA not opening trades? A: Check the "AutoTrading" button, ensure "Allow live trading" is enabled, and verify your broker allows automated trading on your account type.
Q: Can I run multiple EAs on one chart? A: No, each chart can only host one active EA; however, you can open multiple charts for different currency pairs to run several EAs.
Q: What does the "smiley face" icon mean? A: A smiley face in the top-right corner of the chart indicates the EA is successfully running; a frowny face means it is disabled.
Description & Settings
If the last candle was bullish, the EA will enter the market with a buy order. If the last candle is bearish, then the EA will enter the market with a sell order. In this case, the signal acts not only on the first order in the network, but also on all subsequent ones. This approach eliminates the opening of the network only after a specified distance. It turns out that the EA takes into account not only the distance set by the trader, but also the signal from the candles. In the case of a sharp price movement without a signal from the candles, no trade will be made. It is important to note that if there is a strong movement on the instrument (all candles are bearish), then the trade will be made on a bullish candle.
Recommendations
Do not use on real account without a clear understanding of the risks and consequences
Integrate your strategy into the code
Before using the EA in real conditions, test on demo accounts for at least 4 working weeks. Advantages
EA works on any timeframe
EA works with any instruments (Forex, Metalls, Stock, Cryptocurrencies, etc)
Simple open source code
EA has is able to integrate any trading strategy
Detailed description of the code is provided in the video material
EA works in the strategy tester, on demo and in real life (observe and take the risks into account)
Automatically picks up your orders when you restart. Settings
Take Profit (in pips) - take profit in pips;
Start lot - start lot size;
Type close orders - Closing orders by total take profit (Average) or Partial closing of orders (Part Close)
Point order step (in pips) - step between orders;
Minimum profit for close grid (in pips) - minimum profit when closing a series of orders;
Magic Number - serial number of orders by which the EA distinguishes its orders;
Slippage (in pips) - slippage size.
Added:
Setting that allows you to choose to Close orders by total take profit (Average) or select Partial closing of orders (Part Close) was added
Optimized:
Maximum lot limiting setting is optimized. Now to disable the use of the maximum lot limit it is enough to set the value of Maximum Lots to 0 Links
VR Smart Grid MT4 -
VR Smart Grid Lite MT4 -
VR Smart Grid MT5 -
VR Smart Grid Lite MT5 -
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