Unlock Your Trading Potential with VR Smart Grid Lite for MetaTrader 4

VR Smart Grid Lite is your go-to demo version of the powerful VR Smart Grid Expert Advisor (EA). This Lite version offers a sneak peek into the source code and showcases how it can manage trades effectively, particularly through partial order closures and take profit strategies. By leveraging large volume orders, this EA can close other orders more efficiently, bringing your breakeven and profit levels closer to the current market price. This innovative approach significantly enhances your chances of executing profitable trades.

How It Works

The logic behind the VR Smart Grid Lite is straightforward. If the last candle shows a bullish trend, the EA will trigger a buy order. Conversely, if the last candle is bearish, a sell order will be initiated. This mechanism ensures that the EA responds not just based on the first order but also considers the subsequent ones, allowing for a more dynamic trading strategy. Unlike traditional methods that only act after a specific distance, this EA factors in current market signals, making it more responsive to price movements. Importantly, if there’s a significant price shift without a clear signal from the candles, the EA will hold off on making any trades.

Recommendations

Only use this EA on a real account if you fully understand the associated risks.
Integrate your own trading strategy into the EA's code.
Before trading live, test the EA on a demo account for at least four weeks.

Advantages

Compatible with any timeframe.
Works with various instruments including Forex, metals, stocks, and cryptocurrencies.
Features a simple, open-source code for easy customization.
Can be tailored to integrate any trading strategy.
Comprehensive video tutorials are available for better understanding.
Operates effectively in strategy testers, demo, and live environments (just remember to manage your risks!).
Automatically re-engages your orders when restarted.

Settings

Take Profit (in pips): Define your take profit level.
Start Lot: Set your initial lot size.
Type of Close Orders: Choose between total take profit (Average) or partial order closing (Part Close).
Point Order Step (in pips): Determine the step between orders.
Minimum Profit for Close Grid (in pips): Set the minimum profit for closing a series of orders.
Magic Number: Unique identifier for the EA to manage its orders.
Slippage (in pips): Specify acceptable slippage size.