Tarantella
This tool for MetaTrader 5 is specifically engineered to streamline your trading operations. 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 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.
Description & Settings
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.
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.
