EG104 EA, originally ExpandGrid, is a collection of grid styles that have been optimized by intense tests, results from demos and real accounts and results from studies and parameter variations. It is delivered with the default parameters, so the trader does not need to change them to use the EA, just drop it to the chart, enable the style setting magic number and let it play.
Style must be enabled first, to do so, set magic number greather than zero. If you enable more than one style, use different magic numbers.
This EA works with its default values out of the box, but flexibility has always been a priority during developing it. It means the trader may change default values and use different styles simultaneously. By using start/end times the EA may run one style during active sessions and a different style during sleeping sessions, it may run styles in parallel or interlaced and with its own set of parameters. The trader is able, by combining these styles, to create a well complex algorithm no one created before. Its flexibility creates its unlimited potential by itself or by the trader’s imagination.
Grid Styles:
symmetry - limit order style. it buys and sells simultaneously, closing winning positions at grid levels and averaging breakeven points of losing positions by an order quantity multiplier. The center of the grid moves as new orders execute.
ScalperGrid - buy limit below price and target an small portion. it does not buy and sell simultaneously and do not hedge positions when default values are used. In its default parameter this style is FIFO compliant.
mChannel - is an stop order style. it places and order and if at grid level it is losing, the EA multiply quantity by a multiplier and open positions on the opposite direction. the center of the grid does not move creating an static channel.
FloppyChannel - same as mChannel with the difference it open positions on both directions at the same time and the center of the grid moves as new orders executes.
***pandGrid - same as mChannel, the center of the grid does not moves but the grid expands forming a triangle. this style multiply opposite quantity by the grid levels between the top to the bottom of the center of the grid.
Give it a test, demo and post your comments,
Thanks
EG104 Instructions.pdf (623 KB)
EG104.zip (78.6 KB)
