StratBuilder Lite is a grid-trading order management utility which runs on the MetaTrader5 platform. The following options can be selected from:
- Trading LONG only
- Trading SHORT only
- Trading both LONG & SHORT
This product is the Lite version of the MT4 Strategy Builder order management utility: https://www.mql5.com/en/market/product/15328
It is strongly suggested that a virtual private server (VPS) be rented from MQL5 and that the setup on the trader’s computer be migrated to the VPS, to allow StratBuilder Lite to run 24/7.
The unique StratBuilder Lite concept: A basket of trades is opened at predetermined price levels (ring-fenced per symbol and trading direction) and profit taking occurs when a targeted percentage profit on account balance is achieved, at which point all positions are closed simultaneously and a new basket of trades is opened. Please select this link to watch an introductory YouTube video: https://www.youtube.com/watch?v=gf5qal1auH8
The input values below can be used as sample strategy to trade the EURUSD or USDJPY pairs (5 digit brokers, 400:1 leverage):
INPUT
| SAMPLE PARAMETER | FUNCTION |
Magic
number
| 1 | Trades are tagged, in order to ring-fence the profit for the for the symbol.
PLEASE NOTE: 'Magic number'(tag) value needs to be unique for each symbol traded concurrently |
Lotsize
dynamic
| True | If ‘True’, lotsize is determined dynamically as percentage of free margin |
Lotsize
| 0,7 | Fixed lotsize (measured in lots) OR percentage of free margin to be used per trade |
Stoploss
| 0 | Stoploss distance measured in points from price level at which the trade opened
*a value of ‘0’ will deactivate this control |
Takeprofit
| 0 | Takeprofit distance measured in points from price level at which the trade opened
*a value of ‘0’ will deactivate this control |
Trailing
stop
| 0 | Trailing stop distance measured in points from price level at which the trade opened
*a value of ‘0’ will deactivate this control |
Slippage
| 50 | Number of points allowed for slippage (e.g. trade allowed to open up to 50 points from targeted price level) |
Trading
direction
| Long + Short |
Trader selects the direction of trading:
(1) StratBuilder opens BUY trades only (LONG)
(2) StratBuilder opens SELL trades only (SHORT)
(3) StratBuilder opens both BUY and SELL trades (LONG & SHORT)
|
Isolate
trading
direction
| True | If ‘True’, profit on LONG & SHORT trades are calculated separately |
Isolate
levels
| True |
If 'True', both a BUY and a SELL trade may be placed at a specific price level (depending on market patterns) - these trades will however not be placed at the
same time
Example: a BUY trade may have been placed on a preceding uptrend and a SELL trade may be placed at the same level, on the downtrend when the market
price subsequently drops back to the same price level
If 'False', either a BUY OR SELL trade will be placed at a specific price level (depending on market patterns), but not both
|
Level
increment
| 200 | Number of points between price levels at which trades will open |
Max
profit
| 0,7 |
Targeted percentage profit on account balance at which all positions for the symbol will close, before a new basket of trades is
opened
*a value of ‘0’ will deactivate this control
|
Close both
directions
| True | If 'True', trades in both directions will close when either the BUY OR SELL 'baskets' reach the targeted % profit on account balance
|
Max
DD
| 0 |
Percentage drawdown on account balance (caused by the specific symbol) at which all positions on the symbol will close,
before a new basket of trades will open
*a value of ‘0’ will deactivate this control
|
Global Max
profit | 1 |
Targeted percentage profit on account balance at which ALL positions on ALL symbols traded will be closed, before new baskets of trades are opened
*a value of ‘0’ will deactivate this control
PLEASE NOTE: This control should only be activated on one of the symbols traded concurrently
|
Show info
| True | The StratBuilder Lite dashboard will appear top left on the symbol chart, if ‘True’ is selected |
Whether you are a scalper or a long-term trend trader, StratBuilder offers you a reliable and easy way to automate your grid trading strategy!
