tarantella
Info
The tarantella is a Expert Advisor for MetaTrader 5 that tarantella ea: advanced adaptive grid trading systemtarantella is a sophisticated grid trading expert advisor that combines traditional grid strategies with innovative risk management techniques. at its core, the ea places buy/sell orders in expanding fibonacci-based intervals, dynamically adjusting position sizes and grid spacing based on market conditions.
Usage
This tool is typically used for automated trading on major forex pairs and gold.
Platform
This Expert Advisor works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Experts folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use tarantella
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.
What this tool does
tarantella ea: advanced adaptive grid trading systemtarantella is a sophisticated grid trading expert advisor that combines traditional grid strategies with innovative risk management techniques.
Typical Use Case
This Expert Advisor excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Expert Advisor works on MetaTrader 5. Place the file in the MQL5/Experts folder and restart the terminal.
Description & Settings
Related: absorption - another powerful expert for MetaTrader 5 traders.
tarantella ea: advanced adaptive grid trading system
tarantella is a sophisticated grid trading expert advisor that combines traditional grid strategies with innovative risk management techniques. at its core, the ea places buy/sell orders in expanding fibonacci-based intervals, dynamically adjusting position sizes and grid spacing based on market conditions.
Also recommended: Super Trend Trading EA - similar expert with strong performance on MetaTrader 5.
key features:market profile integration: restricts trading to high-probability value areas (70% typical) while avoiding point of control zones multi-layer trend filtering: combines adx trend strength detection with ma/macd directional confirmation across timeframes intelligent hedging system: activates counter-trades at user-defined intervals with partial close options adaptive grid management: uses fibonacci ratios (1.0, 1.618, 2.618...) for dynamic grid spacing and lot scaling advanced entry conditions: requires consecutive bars + volume filters + optional atr/rsi confirmation comprehensive risk management: trailing stops & breakeven triggers position limits with oldest-trade closure equity-based full/partial closure rules stop-loss buffers respecting broker constraints
strategic advantages:
trades only during confirmed trends (adx > 25 + ma/macd alignment) avoids low-probability zones using market profile analysis mitigates drawdown through proactive hedging adapts to volatility via fibonacci grid expansion implements 4-layer risk protection (position limits, equity stops, trailing mechanisms, and hedge coverage)
please be aware: this ea is not designed for live trading. using martingale strategies or increasing lot sizes could eventually lead to a complete loss of your balance. it is intended for demo and strategy testing only. the code requires significant updates before it is suitable for live trading. consider it a work in progress and feel free to make improvements.
ideal for: eurusd, gbpusd, xauusd and other liquid pairs on m15-h1 timeframes. requires medium-high volatility environments.package includes: fully commented code, preset files for major pairs, and detailed risk management guide.
You may also like: exp sr-rate indicator - excellent alternative for expert users on MetaTrader 5.
Source Code
яю//+------------------------------------------------------------------+
#property copyright "RobotFX"
#property link "https://robotfx.org"
#property version "1.37"
#include <Trade\PositionInfo.mqh>
#include <Trade\Trade.mqh>
#include <Indicators\Trend.mqh>
enum ENUM_TREND_METHOD
{
TREND_MA, // Use Moving Average for trend detection.......
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.