StratBuilder Lite is a grid-trading order management utility which runs on the MetaTrader5 platform.
This product is also available for the MT4 platform: https://www.mql5.com/en/market/product/56154
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
Indicative (selected) control input parameters are listed below (5 digit broker, 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 |
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
| False |
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
| 1,0 |
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
|
Max allowed
Long trades
| 2 | Long (BUY) trades can be limited to a maximum number of trades - a value of '0' will deactivate this control |
Max allowed
Short trades
| 2 | Short (SELL) trades can be limited to a maximum number of trades - a value of '0' will deactivate this control |
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 concurrently 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
|
Trend
detection
enabled
| True | If ‘True’, trades are only opened IN the direction of the trend (custom trend indicator) |
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!
