Forex Wolf grid Expert Advisor is an expert advisor using customized indicators to identify trend reversals. The entries are usually accurate and in case if the trend reverse with a delay the positions will be managed by a smart grid system.
This system uses a grid of orders which increases lot size after the stop loss is reached. The grid size is limited for more safety.
In order to get better profit an automatic trailing stop has been implemented to assess the best trailing stop value based on the volatility of prices.
It includes a security filter which prevent the possibility of getting into an unexpected trend without rollback caused by a new release.
- Optimized to work with EURUSD for timeframe M15
- Minimum recommended deposit is $1000 for initial lot set to 0.05
- ECN broker with low spread is recommended to get better results
- Use only 5 digits account
- Lot Factor – lot factor for the second and subsequent orders;
- Take Profit – take profit;
- Stop Loss – stop loss in account currency;
- Grid Stop Loss – size of stop loss;
- Max Grid Size – number of orders max to open at the same time
- Auto Trail – true if you want to activate the automatic mechanism of trailing stop. Otherwise false
- Trail Distance – trailing stop distance (only for non automatic trailing stop);
- Max Lot – maximum lot for the EA operation;
- Max Spread – maximum spread allowed before a pending order triggers;
- Magic Number – magic number to distinguish orders from others EA.
Copy and paste the file into the MQL4 Experts folder of the Metatrader 4 trading platform.
You can access this folder from the top menu as follows:
File > Open Data Folder > MQL4 > Experts (paste here)