Trading utilities for MetaTrader 5

Strategy Builder Lite

strategy-builder-lite-logo-200x200-4182
340.00 USD306.00 USD

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Information

Utilities
MetaTrader 5
5
Jacobus Van Schoor
18 November 2018
6.0
27 March 2021

Overview

StratBuilder Lite is a grid-trading order management utility which runs on the MetaTrader5 platform. 

This product is also available on the MT4 platform:  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 OR equity 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

Selected control features are described below (default parameters have been optimised for a low risk semi-automated EURUSD sample strategy, 5 digit broker, 400:1 leverage).

Sample parameter settings for a more aggressive approach (optimised for EURUSD, 5 digit broker, 400:1 leverage), can be downloaded from here:
https://drive.google.com/drive/folders/1HrnAb4DxrvMTBoJb-V7r0rI5F8pJkzf5?usp=sharing
(NOTE: trader intervention required to manage margin level for this strategy)   


INPUT

SAMPLE 
PARAMETER
FUNCTION

Magic number


Trades are tagged, 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

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
  
Level
increment 

         100

Number of points between price levels at which trades will open

       
MaxProfit
     

         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

    
Max allowed
Long  & Short
trades

           0

Long (BUY) & Short (SELL) trades can be limited to a maximum number of trades - a value of '0' will deactivate this control
 
Close on
Equity
Increase (%)

         0,7

Targeted
 percentage profit on account equity at which  ALL positions on ALL symbols traded concurrently will be closed
     
Trend 
detection 
enabled
 
        True       

If ‘True’, trades are only opened IN the direction of the trend ONLY (custom trend indicator) - two timeframes provided for: If different timeframes are selected the higher timeframe needs to change direction before a new trade will open (in the direction of the new trend), but trades in profit (in the previous direction) will close when the lower timeframe changes direction (should this option be selected on input below)

     
Close on trend change

        True

If 'True', trades will close on trend change. If 'Trend close only positive trades' is selected, ONLY trades in profit will close and remaining trades in the previous direction will be retained

Hedge enabled
 
        True  
If 'True', a hedge trade will open to 'balance' remaining trades in the previous direction. The hedge trade lot size can either be selected to be equal to the remaining collective lot size of trades in the previous direction, OR to 'balance' the collective lot size in both directions:
(i.e. 'Hedge consider both directions' = Balance trades in both directions = collective lots for BUY trades = collective lots for SELL trades)

 
Offset losses
against profits

        True

Profit on trades in current direction is offset against losses on remaining trades in opposite direction
   
Show info

        True

StratBuilder Lite dashboard will appear top left on the symbol chart, if ‘True’ is selected

StratBuilder Lite offers you an easy way to automate your grid trading strategy!


14 DAYS MONEY BACK GUARANTEE

If for any reason you do not like the purchased program, you can request a refund within 14 days from the date of purchase. You can also make an exchange for any other product at an equal cost or by paying the difference.

Simply send a request for refund or exchange with your order number by email: fxea.market@gmail.com.

Refund requests received more than 14 days after purchase will be rejected.

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