ATR-Based Grid Trading with Moving-Average Trend and Engulfing Signals
Summary
The document outlines an expert advisor that places grid orders using average true range values. Its inputs include a profit target tied to invested capital, a moving-average period intended to assess trend, a multiplier that scales each new order from the previous order’s size, and a chart timeframe. It also describes helper functions for tracking open lots and profits, calculating lot sizes, identifying bullish and bearish engulfing candles, and closing all orders.
The material gives a high-level description rather than a complete, reproducible strategy. It does not specify how ATR determines grid spacing, how trend or candle signals affect entries, or how the profit target and exposure limits interact. No backtest results or risk analysis are provided. Grid sizing can increase exposure as orders accumulate, so the description alone is insufficient to assess drawdown risk or establish that the approach is profitable.
Key ideas
- The expert advisor places grid orders according to ATR values.
- A moving-average period is used in an attempt to assess the trend.
- Each subsequent grid order scales its volume from the previous order using a multiplier.
- Helper functions calculate lots and profits, detect engulfing candles, and close open orders.
- The document provides no backtest evidence or detailed risk controls.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.