INFORMATION

 

This EA uses the built-in Stochastic Oscillator of your MT4 platform. Stochastic Grid is a martingale grid. That means high profit and high risk. Stochastic Oscillator tell us when GBPUSD pair is overbought or oversold. The EA place sell orders when the pair is overbought and buy orders when it is oversold.

 

Stochastic Grid performs better on GBPUSD pair and M5 timeframe.

 

METATRADER DOWNLOADS

 

Latest update: September 22, 2011

Latest version: v1.5

MT4 Expert Advisor: download

 

INSTALLATION

 

1. Shutdown your Metatrader platform

2. Copy the expert advisor file into the /experts folder of your Metatrader software (Example: C:\Program Files/MetaTrader4/experts)

 

SETTINGS MANUAL

 

grid_size: expert advisor will use this data in order to know when to place new orders

take_profit: money management system takes this, minimum_lots and progression to calculate "take profit" in dollars

profit_lock: from 0.5 (50%) to 0.9 (90%). This is the profit locked once you reach take profit.

min_lots: minimum lots for your orders. The EA will take min_lots as the minimum unit.

min_lots_increment: minimum lots increment.

profit_mode: 1 normal, 2 maximize

account_risk: it is the percentage of total account risked with the ea

 

BACKTESTS

 

You can see results from 2 different backtests below. We use same pair (GBPUSD), same time frame, same settings, but different profit mode.

• Backtest 1: profit_mode=1
• Backtest 2: profit_mode=2

BACKTEST 1

 

Test period: April 1, 2010 - March 19, 2011

Pair: GBPUSD

Time frame: M5

Set file: download

Detailed report: view

 

BACKTEST 2

 

Test period: April 1, 2010 - March 19, 2011

Pair: GBPUSD

Time frame: M5

Set file: download

Detailed report: view