Designing a Trend Filtered Grid Trading Expert Advisor
Summary
The document outlines a MetaTrader 5 expert advisor that combines moving average crossover signals with grid entries. It describes using fast and slow simple moving averages on an hourly chart, with volume and volatility checks to filter signals. Additional positions are added at fixed price intervals or intervals based on average true range. Position sizing can follow either martingale or arithmetic scaling, and the grid is closed at a configured profit or breakeven target.
Risk controls described include daily loss stops, drawdown-triggered closure, position age limits, and spread and slippage filters. Optional features address holding through reversals and detecting stagnant prices. The description presents the tool as intended for trending currency pairs during active trading hours, but gives no backtest, live performance evidence, or parameter guidance. The author explicitly frames it as an experimental starting point and cautions that profit is not guaranteed; grid exposure and martingale sizing can carry substantial risk.
Key ideas
- The system uses hourly moving average crossovers to generate trend signals.
- Volume and volatility checks filter potential entries.
- Grid positions are added at fixed or ATR-based price intervals.
- The described sizing options include martingale and arithmetic scaling.
- Loss limits, drawdown closure, position expiry, and spread filters are listed as safeguards.
- No empirical performance evidence or tested parameter settings are supplied.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.