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A professional grid Expert Advisor works on the indicators of the RSI (andthe ndex of Relative Strength). andit has the function of reducing the drawdown on the account by blocking unprofitable orders.  The chart displays information about the profit.

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MT4 version

  • RSI_PERIOD – the period for calculating the relative strength index;
  • UP_LEVEL – upper bound;
  • DN_LEVEL – lower bound;
  • RSI_TIMEFRAME – timeframe for calculation;
  • START_LOT – initial lot;
  • LOT_MULTIPLIER – lot multiplier in the order grid;
  • MAX_LOT – maximum lot;
  • STEP_ORDERS – order grid step;
  • STEP_MULTIPLIER – the multiplication factor of the order step, if = -1, then it is not used;
  • MAX_STEP – maximum order grid step;
  • OVERLAP_ORDERS – from which order to enable the order overlap function;
  • OVERLAP_PIPS – minimum profit in pips for closing unprofitable orders;
  • STOPLOSS, TAKEPROFIT-stop loss and take profit in pips, when =-1 is not used;
  • BREAKEVEN_STOP, BREAKEVEN_STEP – breakeven level and step, not used when =-1;
  • TRAILING_STOP, TRAILING_STEP – the level and step of the trailing stop, if =-1 is not used;
  • MAGIC_NUMBER, ORDERS_COMMENT – magic order number and comment;
  • START_TIME, END_TIME – the time at which orders are allowed to be opened. if = “00:00”, then not used;

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