MADCryptoUpMT4 2.0 MT4MADCryptoUpMT4 is an Expert Advisor for MetaTrader terminal that allows you to deploy a simple grid strategy. Signal – MADCryptoUp <- The signal is deployed in MetaTrader5 but the logic of the EA is the sameStrategyThe EA generates a BUY STOP and a BUY LIMIT on the chosen levels closer to the current price. This happens in the case there is no order or position active in that level already.Take-Profit is the level above.This strategy is good for symbols that tend to grow, like crypto coins. This strategy tries to catch all the fluctuations of the symbol instead of having to HODL the money very long periods.Also you can trade 24×7 as long as your broker is open for trades on weekends. IMPORTANT– No Stop-loss. You need to be comfortable holding the trades for a bit in case the trend is not favourable (DOWNTREND).- The risk of the system is bonded to the amount of lots used per trade. For expensive crypto coins adjusting the lots is not ideal because the minimum lot that brokers allow is usually 0.01 lots. This is already a big number of dollars. For smaller risk I recommend using a cheaper crypto coin.- Choosing the distance of the grid is very important and you might need to adjust it from time to time. Small distance can give you more trades but it is not so good when the price of the crypto coin drops 40%. As you can see in the pictures, there are not many trades before December last year because the distance of the grid I used for the test is very big for the price of the coin at that time. Recommended timeframeThe EA is not time sensitive. I use the 1H chart to follow the trade levels on MT5. Notes:
- Backtesting is done in MT4 with data fed from Tickstory
- Sometimes the EA generates an order in the same level where there is an order or position already. I haven’t found yet the reason of that behaviour. Not a big problem though.
- If you test the EA you will probably need to use a different number to adjust the lots than the one I use. In Australia we are capped to 1:2 leverage for crypto coins.