In actual fact, the essential technique may be thought-about as computerized reopening of pending orders, after closing their market positions (by take revenue, cease loss or manually). Nonetheless, the extra useful an EA is, the extra actions it may carry out moreover.

A grid of pending orders has the benefit over the digital orders, as a result of the pending orders can open market positions as rapidly as potential and might achieve this even when the terminal is off. On this case, when the terminal is turned on, the Knowledgeable Advisor rapidly regains management of the scenario, giving a report on the occasions which have occurred. 

Common further data: 

For all variations of EAs above the Magic Grid degree, an general report is generated after altering any settings.

>>    Preliminary value for BUY orders  (frequent setting for BuyUp and BuyDOWN grids) 

 Common description: Preliminary value (reacting to market Ask) to create a grid with BUY orders    

For a grid with SELL orders, the preliminary value would be the value reacting to the market Bid  

Widespread options for all advisers:

Pending orders are positioned in set increments from the preliminary value and may be entered manually or generated robotically (as soon as initially of the commerce).

If the worth is 0, the beginning value will probably be chosen robotically. On this case, this value will probably be thought-about because the beginning value till the commerce is accomplished or one other worth is manually set. The automated choice relies on the minimal tolerance values (from the present market costs) for pending orders (initially of the commerce).

Be aware: Altering the beginning value after you begin buying and selling will rebuild your complete grid. For the Magic Grid, orders and positions which have turn into out of grid won’t be deleted, solely new ones will probably be added. Outdated pending orders will probably be deleted for all different EAs, and separate accounting and separate administration will probably be accessible for out of date market positions. 

After the primary begin, the Knowledgeable Advisor will generate a separate report on the success of the operations carried out.

Common description (for settings Amount of BuyUP value ranges and Amount of BuyDOWN value ranges):

Above the present market Ask value pending orders of BuyStop kind are positioned
Underneath the present market Ask value pending orders of BuyLimit kind are positioned

The idea of order placement for SELL grids:
Above the present market Bid value pending orders of SellLimit kind are positioned
Underneath the present market Bid value pending orders of SellStop kind are positioned

Widespread options of those settings: 

If when inserting a pending order its location is simply too near the present market value (falls inside the dealer’s freeze vary), the order will NOT be positioned instantly. The Knowledgeable Advisor will show a warning about this example and can solely place this order when the market value strikes out of the freezing vary. It will occur robotically, and as soon as all orders have been positioned, the Knowledgeable Advisor will generate a report about it.

The placement of already positioned pending orders may be modified manually (by merely dragging and dropping them on the chart, or by modifying their properties). The Knowledgeable Advisor won’t attempt to transfer the pending order again or change it with a brand new one (at a given value degree) and can retain all different management over it.  This can be utilized to make any tactical adjustments to the chosen technique and truly arrange a grid of any configuration, however the brand new orders will probably be positioned in accordance with the present settings.

Further data: If the worth for UP orders is bigger than zero, then the countdown for DOWN orders will solely begin from the second value degree. That is accomplished to ensure that the whole worth of all of the set orders is the same as their actual quantity. In any other case the preliminary order for each grids (up and down) will probably be thought-about frequent, and the whole quantity of orders will probably be decrease than the acknowledged quantity. If the worth for an up order is the same as zero, then the countdown for an order down will begin from the preliminary value, correctly.

Desk of variations between totally different EAs: 
(for Amount of BuyUP value ranges and Amount of BuyDOWN value ranges)

>>   Grid Step for BUY orders   (frequent setting for BuyUp and BuyDOWN grids) 

Common description: Grid step between orders of BUY kind for the present grid (calculated in factors for the chosen instrument)
For the grid with SELL orders, the step is chosen in precisely the identical means

Desk of variations between totally different EAs for this setting:

>>   Take-Revenue for every BUY order   (frequent setting for BuyUp and BuyDOWN grids) 

Common description: Take-Revenue worth for every pending order or BUY place (may be zero, calculated in factors)
For the grid with SELL orders and positions, Take-Revenue is ready in the identical means

Desk of variations between totally different EAs for this setting:

>>   Take-Income CONTROL for BUY Grid  (frequent setting for BuyUp and BuyDOWN grids) 

Common description: Enabling Take-Revenue management for every pending order or BUY place
For the grid with SELL orders and positions, this permission works in the identical means

Desk of variations between totally different EAs for this setting:

>>   Cease-Loss for every BUY order   (frequent setting for BuyUp and BuyDOWN grids) 

Common description: Cease-Loss worth for every pending order or BUY place (may be zero, calculated in factors)
For the grid with SELL orders and positions, Cease-Loss is ready in the identical means

Desk of variations between totally different EAs for this setting:

>>   Cease-Losses CONTROL for BUY Grid  (frequent setting for BuyUp and BuyDOWN grids) 

Common description: Enabling Cease-Loss management for every pending order or BUY place
For the grid with SELL orders and positions, this permission works in the identical means

Desk of variations between totally different EAs for this setting:

>>   Lot dimension for every BUY order  (frequent setting for BuyUp and BuyDOWN grids) 

Common description: Lot dimension for every particular person BUY pending order
For the grid with orders and positions of the SELL kind, the lot dimension is configured in the identical means

Desk of variations between totally different EAs for this setting:

For SellUp, SellDown grids, the related settings work on the identical precept

Desk of variations between totally different EAs for this setting:

>>   Restore BUY orders after closing their market positions  (frequent setting for BuyUp and BuyDOWN grids) 

For the grid with SELL orders and positions, this setting works identically

This setting is obtainable for all grid EAs besides Magic Grid (MT4)

Common description: Allow or disable computerized restoring of pending orders at specified value ranges (after closing their market positions by Take-Revenue, Cease-Loss or manually). 

This setting may be modified at any time, each originally of buying and selling and through it. For instance, you’ll be able to deploy your complete grid with auto-restoring of orders disabled, after which the Knowledgeable Advisor will work in script mode. If some orders (positions) are then deleted (closed) and Autorun is enabled afterwards, the Knowledgeable Advisor will fill all set value ranges with orders once more.

TOP Panel Settings

The panel additionally shows details about what number of orders have already been positioned out of their complete allowed (by the dealer) quantity:

for MT5 variations – that is the restrict of the whole variety of solely pending orders for your complete account
for MT4 variations – this can be a restrict on the whole variety of pending and market (!) orders for your complete account

This information may be necessary within the general planning of the technique. For instance, the EA won’t even begin buying and selling if the whole variety of its value ranges within the settings exceeds the required restrict. On the identical time, you will need to keep in mind that these restrictions are created by the dealer, and never by the adviser!

In variations above Magic Grid, a particular checkmark is displayed on the panel, which serves to reset the situation of all different potential panels and buttons to their default values. There are merely no different panels for Magic Grid.

Panel shade settings can be utilized to rapidly visually separate a working Knowledgeable Advisor whereas utilizing it on totally different charts on the identical time.

Separate description of panel settings:

>>   Allow High Panel

Allow or disable the show of the High Panel on the chart

>>   High Panel scale

High Panel scaling (enhance or lower)

>>   Textual content shade

The default textual content color of the High Panel

>>   Background shade 

The default background color of the High Panel

MAIN Panel Settings 

The panel has its personal color indicator for various occasions, which additionally serves as a button to minimise and maximise the panel. The panel may be simply moved across the graph by merely dragging it with the mouse, and as soon as the panel is minimised, the remaining indicator button may be positioned wherever you want, for instance on the highest panel. Shift + Left Mouse Click on can at all times deliver the panel (or its button) to the foreground. 

Separate description of panel settings:

>>   Allow Predominant Panel

Allow or disable the show of the Predominant Panel on the chart

>>   Predominant Panel scale

Predominant Panel scaling (enhance or lower)

>>   Titles textual content shade

Textual content shade of varied headings in the principle panel

>>   Fundamental textual content shade

The color of the plain textual content inside the principle panel 

>>   Textual content shade for recounting positions

Textual content shade for strains associated to calculations of the variety of market positions

>>   Background shade

Background color of the principle data panel

Settings for Outdated-Grid knowledgeable positions

Common description:  

This group of settings is obtainable for all variations of Knowledgeable Advisors above the Magic Grid degree. Utilizing them, you’ll be able to management the properties of market positions that would stay after altering the grid spacing, the variety of value ranges, or the unique costs. With such adjustments, solely pending orders are robotically changed, however the EA doesn’t delete market positions (which stop to correspond to the settings), leaving the choice on them to the dealer.

That is accomplished in order that the dealer retains probably the most full management over the scenario. These positions will probably be thought-about out of date, and if the dealer needs to, he can manually delete these positions individually or do it in bulk utilizing a particular button that can seem on the chart if the show of the button for closing market positions is enabled within the EA settings.

And so as to massively change the take revenue or cease loss for outdated positions, this part was created. Its settings are additionally necessary as a result of they can be utilized to visually spotlight within the basic listing of market positions which ones are related and that are now not. To do that, for instance, you’ll be able to reset the take revenue for outdated market positions of the chosen kind.

Additionally, if the principle data panel is enabled and out of date market positions seem, a particular button panel is robotically created for them on the chart, which shows the whole variety of remaining out of date positions. Clicking on this panel will generate a separate report with a whole listing of those positions and their properties. This panel-button may be individually moved by the mouse on the chart.

Essential word: should you additionally change the magic quantity within the settings, then orders and positions with the outdated magic quantity will probably be thought-about fully international! That’s, they WILL NOT be thought-about both related or out of date, and on this case, the adviser will merely deploy a totally new community in accordance with the required settings.

These settings are under no circumstances associated to the precise grid (which corresponds to the present settings).

Separate description of the settings on this part:

>>   Outdated-Grid positions administration 

Activating the flexibility to alter the properties of out of date market positions

>>   Take-Revenue for every BUY old-grid place 

For MT5 EAs above the Magic Grid model, there may be a further choice to disable take revenue management individually, even when the general administration of all outdated positions is lively. To do that, you have to set the worth to -1 on this setting, after which you’ll be able to set a unique TP for these positions manually.