Expert4x GridTrendMultiplier EA

December 03, 2018

Contents

Copyright Notices...........................................................4

Getting Started with the GridTrendMultiplier EA.............5

2.1 Installing the GridTrendMultiplier EA........................................................... 5
2.2 GridTrendMultiplier Expert Advisor First Time Activation............................... 8

System Requirements.................................................. 12
3.1 Operating System Requirements.............................................................. 12
3.2 Hardware Requirements.......................................................................... 12
3.3 MetaTrader (MT4) Requirements and Settings............................................ 12
3.4 Forex Broker Requirements..................................................................... 12
3.5 Hedging Support Requirements................................................................ 12
3.6 Non-FIFO Support Requirements.............................................................. 13
3.7 Account Type and Minimum Lot Size Requirements..................................... 13
3.8 ECN/STP Broker Accounts....................................................................... 13
3.9 Full Trade History Must Be Enabled.......................................................... 13

GridTrendMultiplier EA Configuration Guide................. 15

4.1 Configuration and Operation Principles...................................................... 15
4.2 GridTrendMultiplier EA Parameter Descriptions........................................... 15
4.2.1 Combined Profit & Risk Settings.................................................... 16
Target Profit Amount.................................................................. 16
Target Profit Percent................................................................... 16
Target Profit Pips........................................................................17
Max Loss Amount.......................................................................17
Max Loss Percent....................................................................... 17
Max Loss Pips............................................................................18
Close Grid On or Above Price...................................................... 18
Close Grid On or Below Price.......................................................18
Position Sizing........................................................................... 19
4.2.2 BUY/SELL Grid Settings................................................................21
BUY/SELL Grid Trading Allowed.................................................... 21
BUY/SELL Initial Entry Price.........................................................21
BUY/SELL Lots for 'Manual Lot Size'............................................. 22
BUY/SELL Gap Size.................................................................... 22
BUY/SELL Stop Loss................................................................... 22
BUY/SELL Counter-Trend Scaling.................................................. 22
Automatic vs Manual Sell Settings................................................23
4.2.3 Operations Settings..................................................................... 24
Reentry After Grid Closure.......................................................... 24
Max Open Ticket Count...............................................................24
Max Spread Pips........................................................................ 24
Level Sensitivity......................................................................... 24
Visualization Settings.................................................................. 25
Magic Number Parameter............................................................ 26

Knowledgebase............................................................ 27
5.1 Sad Face Instead of Smiley Face After Attach............................................ 27
5.2 EA Is Not Starting Up After Attach to Chart............................................... 28

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 5.3 No Updates to Chart...............................................................................28
5.4 Enable Full Trade History For Grid P&L Calculations Message Box.................. 29
5.5 Grid Initial Tickets Not Found Message Box............................................... 31
5.6 Prompted for Access ID at Service Access Settings..................................... 32
5.7 Backtest In Visual Mode Not Working....................................................... 33
5.8 Backtest Not Working............................................................................. 33
5.9 Step-by-step Installation of Expert4x EAs and Indicators............................. 35

Operational Messages.................................................. 40
6.1 Message 1001........................................................................................41
6.2 Message 1002........................................................................................42
6.3 Message 1006........................................................................................42
6.4 Message 1007........................................................................................43
6.5 Message 1008........................................................................................44
6.6 Message 50001...................................................................................... 45
6.7 Message 50002...................................................................................... 45
6.8 Message 50003...................................................................................... 46
6.9 Message 50004...................................................................................... 46
6.10 Message 50005.................................................................................... 47
6.11 Message 50006.................................................................................... 47
6.12 Message 50007.................................................................................... 48
6.13 Message 50008.................................................................................... 48
6.14 Message 50110.................................................................................... 49
6.15 Message 50112.................................................................................... 50

Support........................................................................ 52
Index............................................................................................ 53

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Chapter

1
Copyright Notices

Copyright©2018 – Expert4x, all rights reserved. This eBook is intended for the
purchaser’s personal use only. No part of this eBook may be reproduced or transmitted in
any form whatsoever, electronic, or mechanical, including photocopying, recording, or by
any informational storage or retrieval system without expressed written permission from
Expert4x.
Copyright©2018 EAfactory, all rights reserved. All title, including but not limited to
copyrights, in and to the GridTrendMultiplier EA and any copies thereof are owned by
EAfactory or its suppliers. All title and intellectual property rights in and to the content
which may be accessed through use of the GridTrendMultiplier EA is the property of
the respective content owner and may be protected by applicable copyright or other
intellectual property laws and treaties. All rights not expressly granted are reserved by
EAfactory. For the full details please refer to the End-User License Agreement ("EULA")
Chapter

2
Getting Started with the GridTrendMultiplier EA
Getting Started provides a guided exploration of the GTM EA. It is geared for an audience that
has little or no knowledge of installing MT4 ea. It walks the novice user through downloading
and installing the GTM EA.

2.1 Installing the GridTrendMultiplier EA

The GTM EA comes with a setup application to provide a wizard based installation process
to the selected MT4 terminal.

Before you start...

• Ensure that you have the login credentials to the Web Support Centre.
• Ensure that you have an MT4 terminal version 4.00 build 1090 or later installed.

1. Exit MT4 if it was running.

2. Log in to the Web Support Centre.

3. Select the desired service and download the setup application with the latest version.
4. Run the setup application. Select the MT4 instance during setup to where you want
the service installed.
5. When setup completes start up MT4. The GTM EA entry should appear under the
Expert Advisors node in the Navigator window (View > Navigator)

These pictures highlight the steps how to install the ea.

5
The setup application lists the available MT4 instances. Select one of them for installation
target and click Next.
Note:
For some earlier version Windows version the list may not contain all the MT4 instances.
In this case use the Add target directory... button to navigate and pick up the desired
folder.

6
For earlier Windows versions the typical MetaTrader installation location could be
C:\Program Files\BrokerSpecificName\
but you may have selected something else while performing the MetaTrader installation.
As a hint, the following shows you the default path to the main MT4 directory for some
brokers:

Broker Default Path

IBFX broker C:\Program Files\Interbank FX Trader

Tallinex broker C:\Program Files\Tallinex MetaTrader 4

ODL UK broker C:\Program Files\ODL MetaTrader 4

Always select the main MT4 folder itself for installation target, not any of its sub-
directories.

When the installation is complete, start up MT4 and check that the ea appears in the
Navigator window (View > Navigator):

7
 So everything is set up for the first activation of the GridTrendMultiplier Expert Advisor .

2.2 GridTrendMultiplier Expert Advisor First Time Activation

The following pictures demonstrate the first time activation of the GridTrendMultiplier
Expert Advisor in a few steps.

Attach the EA to a chart

1. Drag & drop the GridTrendMultiplier Expert Advisor from the Navigator window
(View > Navigator) to a chart window and select the Common tab:

8
 Note: Ensure that the
• Allow live trading,
• Allow DLL import and
• Allow import of external experts
are checked.

2. Select the 'Inputs' tab:

This lists the parameters of the EA where the operational aspect of the
GridTrendMultiplier EA can be set up. For more details see the GridTrendMultiplier EA
Configuration Guide – for now click OK and let the EA start up with default settings.
Note:
At the very first time the EA may prompt for the Access ID to verify that the usage of
product is licensed.
The Access ID is pre-configured and is the same as the login name to the web
support site. Feel free to change your Access ID at the Web Support Centre and
ensure not to share it with anyone else. Enter the Access ID and click Save:

9
 Note:
If the MT4 broker account is new or there is no history of trades available then the
EA will present a message box suggesting to enable full account history on the broker
account.
The full account history means that the MT4 terminal keeps the details of closed
tickets from the current as well as from previous calendar months.
By default MT4 terminal keeps closed ticket details only for the current month. The
full account history is mandatory for the EA in order to calculate grid trades profit
and loss since the initial start of the grid, which can be in the previous months.

Ensure that the full account history gets configured: follow the steps in the message
box. See the How To Enable Full Trade History illustrating these steps with pictures.
After the full account history got enabled, click Retry to allow the EA to pick up
details of the full account history.
In the case of a new account with no previous trades click Ignore. Click Abort to
stop the EA and disabling all trading activities.
For broker accounts with closed trades in the past months this message will not
appear. In the case of new broker account this message will appear once a day until
the first closed trade in the previous month is encountered.

The GridTrendMultiplier EA is up and running

After successful authentication the GridTrendMultiplier EA starts up.

10
The GridTrendMultiplier Expert Advisor has been attached to the chart. The smiley face in
the top-right corner shows that the initialisation of the GridTrendMultiplier Expert Advisor
was successful and the EA is now looking for trading opportunities.
See the smiley face in the corner:

In case of a problem getting the ea up and running please refer to the Knowledgebase
section.

11
Chapter

3
System Requirements

3.1 Operating System Requirements

In order to operate the GridTrendMultiplier EA a Microsoft Windows operating system is
required which supports MetaQuotes MetaTrader version 4.0 platform.
Note that the MetaQuotes MetaTrader software is also known and often referred to as
MT4.

3.2 Hardware Requirements

The minimum Random Access Memory (RAM) requirement is 512MB (0.5GB), however
1024MB (1GB) RAM is recommended to avoid extended virtual memory usage. Note that
this memory requirement is for MetaTrader application only, excluding other applications
running at the same time (e.g. MS Office). If other applications are running parallel with
MetaTrader application please increase the RAM requirement accordingly.

3.3 MetaTrader (MT4) Requirements and Settings

The EA is compatible with MetaQuotes MetaTrader platform version 4.00 build 1090 or
higher. In general this is referred to as MT4 terminal, build 1090 or newer.

3.4 Forex Broker Requirements

The GridTrendMultiplier EA is compatible with both 4 and 5-digit data feeds based brokers.
The GridTrendMultiplier EA automatically detects the type of the feed and adjusts the EA
parameter pip values if and when necessary.
Both fixed and variable spread broker platforms are supported.
The selected MetaTrader based broker should allow keeping open orders on the account
for long period of time, i.e. the broker should not close and re-open orders over night for
swap calculation, or should not merge open orders for any reason.
IMPORTANT: For smooth trade management the MetaTrader application and the EA
should be on-line, up and running during all market open hours (usually Sunday to
Friday).

3.5 Hedging Support Requirements

When the GridTrendMultiplier EA is attached to charts with both BUY and SELL trades
enabled, the EA may keep open BUY as well as SELL positions at the same time on the
same market. In this situation the broker account must support the hedging of trades.
Hedging support is not required only if the EA is attached to the market with either BUY or
SELL enabled, but never both at the same time.

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3.6 Non-FIFO Support Requirements
When the GridTrendMultiplier EA is attached to charts with both BUY and SELL trades
enabled, or maximum allowed open trades higher than 1 configuration, the EA may open
and close positions out of order of the first-in-first-out (FIFO) sequence. In this situation
the broker account must support the order handling in non-FIFO manner.
FIFO is supported only if the EA is attached to the market with either BUY or SELL enabled
(never both at the same time) and maximum allowed open trades is set to 1.

3.7 Account Type and Minimum Lot Size Requirements

A so-called Micro broker account is necessary if the available funds for the EA trading
is less than approx. $1000. The micro account allows the EA to open a position with
minimum lot size of 0.01. If you plan to use a broker account with the above funding
please ensure that your broker account offers this minimum lot size.
An easy way to double check the minimum lot size available on the broker account is to
attach the EA to a chart and check the Market Info section on the chart:

The Lot line shows Min:0.01 which tells that the minimum lot size requirement is 0.01 on
this broker account.

3.8 ECN/STP Broker Accounts

Many brokers offer Electronic Communications Network (ECN) or Straight Through
Processing (STP) accounts. Common behaviour for these accounts is the variable spread
and market orders where no initial stop loss and take profit targets can be specified. In
this case the market order must be submitted with no SL and TP values, and these values
are to be set in the second step using an additional order to the opened ticket.
The GridTrendMultiplier EA is compatible with the above ECN/STP broker accounts and
needs no additional settings to operate on them.

3.9 Full Trade History Must Be Enabled

The GridTrendMultiplier EA tracks ongoing grid trade cycle's profit and loss since the start
up of the grid cycle. For this the EA needs to have visibility to past closed tickets listed in
the Account History tab of the MT4 Terminal window. Please ensure that this tab lists all
past tickets, the full history, otherwise the EA may not be able to operate:

1. Go to Terminal window (Ctrl+T)

2. Select Account History tab
3. Right click any ticket or the empty window area
4. Select All History in the context menu

13
Note:
For more details and how to use the different buttons of the message box refer to
First Time Activation, Full trade history.
Chapter

4
GridTrendMultiplier EA Configuration Guide
The GridTrendMultiplier EA configuration guide.
In order to activate the GridTrendMultiplier EA attach it to a chart window – for more
details see GridTrendMultiplier EA First Time Activation section.

4.1 Configuration and Operation Principles

The GridTrendMultiplier EA operational overview.

The GridTrendMultiplier EA manages only those tickets (a.k.a positions) on the account
which belong to the GridTrendMultiplier EA: every order submitted to the account is
marked with the MagicNumber and, in return, only those tickets on the account will be
considered by the GridTrendMultiplier EA which are marked with this MagicNumber.
In general it is recommended to run on an account one EA at a time. This helps
understanding the ongoing trades and troubleshoot situation if and when needed.
While this maybe feasible for demo accounts this may not be feasible for live accounts
where there could be the need to execute multiple expert advisors on the same account at
the same time.
Using multiple expert advisors on the same account is only viable if each and all expert
advisor will follow the above MagicNumber principle and they manage only their own
tickets on the account.
IMPORTANT: If you plan to use multiple expert advisors (other than the
GridTrendMultiplier EA) on the same account please ensure upfront with the
expert advisor providers that their EA's are suitable for that as per the above.
If you plan to use multiple GridTrendMultiplier EA's on the same account at the same time
please ensure that the MagicNumber is set to different and unique number for each chart
of the same market.
Here are few examples:

Market MagicNumber
EURUSD chart 1 5000

EURUSD chart 2 5001

EURUSD chart 3 5002

GBPUSD chart 1 5010

GBPUSD chart 2 5011

GBPUSD chart 3 5012

USDCAD single chart EA default or any other

USDCHF single chart EA default or any other

4.2 GridTrendMultiplier EA Parameter Descriptions

The GridTrendMultiplier EA parameter descriptions.

15
4.2.1 Combined Profit & Risk Settings

Target Profit Amount

Target Profit Amount

Combined buy and sell profit target as an amount of balance increase by the EA trades.
The EA will keep trading the buy and sell grids, cash-in at grid levels, until the overall
profit of cashed-in and floating buy and sell trades reaches the value of Target Profit
Amount. When this combined target is reached then all open buy and sell trades get
closed off and (if Reentry After Grid Closure is set to Enabled) a new cycle of grid trades is
started off.
Note: This feature can be configured in combination of any other grid exit trigger at the
Combined Profit & Risk Settings section. The EA will track each of them independently and
will trigger the close-out when any one of the exit conditions is fulfilled.
Example:
• Target Profit Amount is set to 100
The EA trades buy and sell grids until the sum of the closed and floating tickets' profit
reaches 100.

Target Profit Percent

Target Profit Percent

Combined buy and sell profit target as a percentage of balance increase by the EA trades.
The EA will keep trading the buy and sell grids, cash-in at grid levels, until the overall
profit of cashed-in and floating buy and sell trades reaches the percent growth of account
balance. When this combined target is reached then all open buy and sell trades get
closed off and (if Reentry After Grid Closure is set to Enabled) a new cycle of grid trades is
started off.
Note: This feature can be configured in combination of any other grid exit trigger at the
Combined Profit & Risk Settings section. The EA will track each of them independently and
will trigger the close-out when any one of the exit conditions is fulfilled.
Example:
• Target Profit Percent is set to 2

16
 • Account balance is 5000
The EA trades buy and sell grids until the sum of the closed and floating tickets' profit
reaches 5000 x 2% = 100.

Target Profit Pips

Target Profit Pips

Combined buy and sell profit target in pips by the EA trades. The EA will keep trading the
buy and sell grids, cash-in at grid levels, until the overall profit of cashed-in and floating
buy and sell trades reaches this number of pips. When this combined target is reached
then all open buy and sell trades get closed off and (if Reentry After Grid Closure is set to
Enabled) a new cycle of grid trades is started off.
Note: This feature can be configured in combination of any other grid exit trigger at the
Combined Profit & Risk Settings section. The EA will track each of them independently and
will trigger the close-out when any one of the exit conditions is fulfilled.
Example:
• Target Profit Pips is set to 100
The EA trades buy and sell grids until the sum of the closed and floating tickets' profit
reaches 100 pips.
Note: In the case of 5-digit data feed (a.k.a fractional pips) 1 pips is equal to 10 points.
The EA expects this input in pips, not in points.

Max Loss Amount

Max Loss Amount

Combined buy and sell maximum loss as an amount of balance decrease by the EA
trades. The EA will keep trading the buy and sell grids, cash-in at grid levels, until the
overall loss of cashed-in and floating buy and sell trades reaches the value of Max Loss
Amount. When this combined loss is reached then all open buy and sell trades get closed
off and (if Reentry After Grid Closure is set to Enabled) a new cycle of grid trades is
started off.
Note: This feature can be configured in combination of any other grid exit trigger at the
Combined Profit & Risk Settings section. The EA will track each of them independently and
will trigger the close-out when any one of the exit conditions is fulfilled.
Example:
• Max Loss Amount is set to 100
The EA trades buy and sell grids until the sum of the closed and floating tickets' loss
reaches 100.

Max Loss Percent

Max Loss Percent

Combined buy and sell maximum loss as a percentage of balance decrease by the EA
trades. The EA will keep trading the buy and sell grids, cash-in at grid levels, until the
overall loss of cashed-in and floating buy and sell trades reaches the percent drop of
account balance. When this combined loss is reached then all open buy and sell trades get
closed off and (if Reentry After Grid Closure is set to Enabled) a new cycle of grid trades is
started off.
Note: This feature can be configured in combination of any other grid exit trigger at the
Combined Profit & Risk Settings section. The EA will track each of them independently and
will trigger the close-out when any one of the exit conditions is fulfilled.
Example:

17
 • Max Loss Percent is set to 2
• Account balance is 5000
The EA trades buy and sell grids until the sum of the closed and floating tickets' loss
reaches 5000 x 2% = 100.

Max Loss Pips

Max Loss Pips

combined buy and sell maximum loss in pips by the EA trades. The EA will keep trading
the buy and sell grids, cash-in at grid levels, until the overall loss of cashed-in and
floating buy and sell trades reaches this number of pips. When this combined loss is
reached then all open buy and sell trades get closed off and (if Reentry After Grid Closure
is set to Enabled) a new cycle of grid trades is started off.
Note: This feature can be configured in combination of any other grid exit trigger at the
Combined Profit & Risk Settings section. The EA will track each of them independently and
will trigger the close-out when any one of the exit conditions is fulfilled.
Example:
• Max Loss Pips is set to 100
The EA trades buy and sell grids until the sum of the closed and floating tickets' loss
reaches 100 pips.
Note: In the case of 5-digit data feed (a.k.a fractional pips) 1 pips is equal to 10 points.
The EA expects this input in pips, not in points.

Close Grid On or Above Price

Close Grid On or Above Price

The upper price limit for the grid. When the actual price reaches or goes above this level
the EA closes off all open grid trades, regardless of the overall grid profit and loss value.
After the grid closure the EA does not start up a new grid even if the price goes back
below this Close Grid On or Above Price.
Note: After a grid closeout due to reaching this limit, the EA remembers not to start up
a new grid. However, if the EA (or the MT4 terminal) gets restarted the EA will no longer
remember the closeout and may start up a new grid if the price is below this limit.
When this Close Grid On or Above Price is configured with a price value then the EA
automatically disables the Reentry After Grid Closure feature.
Note: This feature can be configured in combination with any other grid exit trigger at
the Combined Profit & Risk Settings section. The EA will track each of them independently
and will trigger the close-out when any one of the exit conditions is fulfilled.
Examples:
• Close Grid On or Above Price is set to 0
There is no upper price limit to the grid trades, i.e. this feature is turned off.
• Close Grid On or Above Price is set to 1.2345
The EA trades buy and sell grids until the actual price reaches, or is above, the
1.2345 value. When the 1.2345 is reached the EA closes off all open grid trades and
no new grid is started off (until after the EA gets restarted).

Close Grid On or Below Price

Close Grid On or Below Price

The lower price limit for the grid. When the actual price reaches or goes below this level
the EA closes off all open grid trades, regardless of the overall grid profit and loss value.

18
 After the grid closure the EA does not start up a new grid even if the price goes back
above this Close Grid On or Below Price.
Note: After a grid closeout due to reaching this limit, the EA remembers not to start up
a new grid. However, if the EA (or the MT4 terminal) gets restarted the EA will no longer
remember the closeout and may start up a new grid if the price is above this limit.
When this Close Grid On or Below Price is configured with a price value then the EA
automatically disables the Reentry After Grid Closure feature.
Note: This feature can be configured in combination with any other grid exit trigger at
the Combined Profit & Risk Settings section. The EA will track each of them independently
and will trigger the close-out when any one of the exit conditions is fulfilled.
Examples:
• Close Grid On or Below Price is set to 0
There is no lower price limit to the grid trades, i.e. this feature is turned off.
• Close Grid On or Below Price is set to 1.2345
The EA trades buy and sell grids until the actual price reaches, or is below, the
1.2345 value. When the 1.2345 is reached the EA closes off all open grid trades and
no new grid is started off (until after the EA gets restarted).

Position Sizing
Method
Sizing
Position
Position Sizing Method
The position sizing mechanism used for new trades at grid level entry.

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 Position Description
Sizing Method

Percent of The lots for new position is calculated based on

Account Free
• Free Margin available on account, and
Margin
• Position Risk Percent, and
• Gap Size, and
• Max Open Ticket Count
The lots for the new position is calculated the following way:
1.Composite SL is determined as: Gap Size x Max Open Ticket
Count
2.Risk amount is determined as: Position Risk Percent of Free
Margin
3.Lots determined as: Composite SL / Risk Amount

Percent of The lots for new position is calculated based on

Account Equity
• Equity available on account, and
• Position Risk Percent, and
• Gap Size, and
• Max Open Ticket Count
The lots for the new position is calculated the following way:
1.Composite SL is determined as: Gap Size x Max Open Ticket
Count
2.Risk amount is determined as: Position Risk Percent of Equity
3.Lots determined as: Composite SL / Risk Amount

Percent of The lots for new position is calculated based on

Account
• Balance available on account, and
Balance
• Position Risk Percent, and
• Gap Size, and
• Max Open Ticket Count
The lots for the new position is calculated the following way:
1.Composite SL is determined as: Gap Size x Max Open Ticket
Count
2.Risk amount is determined as: Position Risk Percent of Account
Balance
3.Lots determined as: Composite SL / Risk Amount

Manual Lot The lots for the new position is not calculated by the EA, instead it is
Size fixed and set to the user-defined value from BUY/SELL Lots for Manual
Lot Size.

The position sizing calculation takes place at the time of market entry, when all the entry
criteria are met.
Percent
Risk
Position
Position Risk Percent
Determines the risk amount allocated to a new grid level trade as a percent of the broker
account value. For more details see the Position Sizing Method.

20
4.2.2 BUY/SELL Grid Settings

BUY/SELL Grid Trading Allowed

BUY/SELL Grid Trading Allowed

Turns on or off the trade of the grid in the BUY or SELL direction.

BUY/SELL Initial Entry Price

21
 BUY/SELL Initial Entry Price
When the EA is started off when no open grid trades are on the account, the EA enters the
very first grid trade only when the actual market price reaches this initial entry price. For
any subsequent grid trade, for the current grid or starting a new grid after a closure, or
when the account already has open grid trades when the EA is started off, this initial entry
price has no effect, does not cause the EA to wait with trades.

BUY/SELL Lots for 'Manual Lot Size'

BUY/SELL Lots for 'Manual Lot Size'

Sets the lot size for new positions to this user-defined value when the Manual Lot Size
option is selected for Position Sizing Method.

BUY/SELL Gap Size

BUY/SELL Gap Size

Defines the gap between grid levels in pips. The Gap Size value should be minimum of 10
pips or more, and no fractional pips should be entered. To avoid confusion the Gap Size
must always be at least twice of the Level Sensitivity value, or more.

BUY/SELL Stop Loss

BUY/SELL Stop Loss

Stop loss in pips for new buy or sell orders. No fractional pip value to be entered, e.g. for
200 pips stop loss this parameter value should be set to 200 regardless of 4 or 5-digit
broker feed. Value 0 (zero) turns off stop loss for new orders.
Note: This BUY/SELL Stop Loss facility is provided for safety purposes. Should the
connection to the broker go down, or during power outage the server side can have this
stop loss set up to limit potential losses until normal EA operation resumes.

BUY/SELL Counter-Trend Scaling

Level
Grid
After
Scaling
Counter-Trend
BUY/SELL
BUY/SELL Counter-Trend Scaling After Grid Level
When market price goes against the direction of the grid trades the BUY/SELL Gap Size
and the lots for new entries are scaled by the EA for levels specified by the BUY/SELL
Counter-Trend Scaling After Grid Level value. Value zero (0) turns off the scaling feature
of the EA, and the scaling can start from level 2 or beyond.
Note: The lot scaling is applied to both the 'Manual Lot Size' and the 'Percent of
Account ...' lot sizing options. See Position Sizing on page 19.
See examples at BUY/SELL Counter-Trend Gap Scaling Percent and BUY/SELL Counter-
Trend Lot Scaling Down Percent.
Percent
Scaling
Gap
Counter-Trend
BUY/SELL
BUY/SELL Counter-Trend Gap Scaling Percent
When market price goes against the direction of the grid trades the BUY/SELL Gap Size is
scaled up by BUY/SELL Counter-Trend Gap Scaling Percent factor for levels specified by
the BUY/SELL Counter-Trend Scaling After Grid Level value.
Below shows the gaps to be used for a BUY grid trading direction when
• BUY Gap Size is set to 80 pips
• BUY Counter-Trend Scaling After Grid Level is set to 2
• BUY Counter-Trend Gap Scaling Percent is set to 50%

22
 Grid Level Effective Gap Pips
Up 4 80

Up 3 80

Up 2 80

Up 1 80

Start 80

Down 1 80

Down 2 80

Down 3 120

Down 4 180

Down 5 270
Percent
Down
Scaling
Lot
Counter-Trend
BUY/SELL
BUY/SELL Counter-Trend Lot Scaling Down Percent
When market price goes against the direction of the grid trades the effective lot size for
new entries is scaled down by BUY/SELL Counter-Trend Lot Scaling Down Percent factor
for levels specified by the BUY/SELL Counter-Trend Scaling After Grid Level value.
Note: The lot scaling is applied to both the 'Manual Lot Size' and the 'Percent of
Account ...' lot sizing options. See Position Sizing on page 19.
Below shows the lots to be used for a BUY grid trading direction when
• BUY Lots for 'Manual Lot Size' is set to 0.10 lots
• BUY Counter-Trend Scaling After Grid Level is set to 2
• BUY Counter-Trend Lot Scaling Down Percent is set to 50%

Grid Level Lots Entered

Up 4 0.10

Up 3 0.10

Up 2 0.10

Up 1 0.10

Start 0.10

Down 1 0.10

Down 2 0.10

Down 3 0.05

Down 4 0.03

Down 5 0.01

Automatic vs Manual Sell Settings

Automatic vs Manual Sell Settings

If sell grid settings should be the same as already configured for buy leg then set this to
Automatic vs Manual Sell Settings. If the sell grid would have different settings compared
to the buy grid then set this to Manual Sell Settings and use the subsequent SELL xxxxx
parameters to configure the sell grid.

23
4.2.3 Operations Settings

Reentry After Grid Closure

Reentry After Grid Closure

The EA performs the buy and sell grid trades until either the combined profit target or
maximum losses reached. Upon that the EA closes off all ongoing trades. A new grid
trading cycle is started off only if this Reentry After Grid Closure parameter is set to true.

Max Open Ticket Count

Max Open Ticket Count

When the combined open buy and sell ticket count reaches or exceeds this parameter
value the EA will close off the open trade (regardless of buy or sell) with the highest loss
at that moment. For long grid trade cycles this feature offers pruning of open orders and
limits carry on losses. Set this parameter to 0 (zero) to turn off this feature.

Max Spread Pips

Max Spread Pips

During market periods when the spread goes up beyond this Max Spread Pips value the
EA stops trading activity, i.e. no new order is submitted nor existing order gets closed off.
When spread falls below the Max Spread Pips value the EA resumes trading operations as
normal.

Level Sensitivity

24
 Level Sensitivity
Allocates a pip range at the grid levels the price action must fall within to trigger order
management actions. If the price crosses the grid level and falls within this range beyond
the level then the EA will close off appropriate open tickets and open new tickets for
the level. However if the price crosses the grid level and jumps over the range (e.g.
price gapping at news announcements) then the EA will suppress any level specific order
actions. This is to avoid unwanted effects of quick price movements that would put the
integrity of the grid at risk. Next time when the price crosses the grid level “appropriately”
the order management actions will be performed.

Visualization Settings
Grid
Active
Above/Below
Shown
Levels
Grid
Grid Levels Shown Above/Below Active Grid
The number of grid levels to be displayed on the chart above and below the current active
grid levels. Controls how many grid levels get visualized on the chart marking future trade
activities.
Scheme
Colour
On-Chart
Grid
BUY/SELL
BUY/SELL Grid On-Chart Colour Scheme
Offers various grid level visualization profiles on the chart in terms of colours to be used
for grid levels. Value zero (0) turns off grid visualization on the chart, other value in the
range of 1 to 7 provides different colour scheme for the grid levels.
Colour
Level
Above
Close
Grid
Grid Close Above Level Colour
The colour of the horizontal line on the chart marking the upper limit for grid trades if
configured at Close Grid On or Above Price parameter.

25
 Colour
Level
Below
Close
Grid
Grid Close Below Level Colour
The colour of the horizontal line on the chart marking the lower limit for grid trades if
configured at Close Grid On or Below Price parameter.
Colour
Text
Summary
Closeout
Grid
Grid Closeout Summary Text Colour
The colour of the text on the chart describing in a single line summary of the grid
closure. The grid gets closed off when one of the exit conditions configured at the section
Combined Profit & Risk Settings gets fulfilled.

Magic Number Parameter

Magic Number
The EA marks its orders with this value when submitting to the broker account, and picks
up orders which are marked with this magic number value and belong to the chart of the
EA. In the case of multiple EA's running on the same market ensure that they get unique
Magic Number allocations to avoid cross-impact between the EA instances handling the
orders. See Configuration and Operation Principles section for more explanation and setup
examples.
Related information
Configuration and Operation Principles on page 15
The GridTrendMultiplier EA operational overview.
Chapter

5
Knowledgebase

5.1 Sad Face Instead of Smiley Face After Attach

Issue
After attaching to chart the EA is not managing trades, a sad face appears in the top right
corner of the chart.

EA's common parameters might be not enabled

The Allow live trading, Allow DLL imports and Allow import of external experts
might be not enabled
• Press F7 key and verify that the Allow live trading, Allow DLL imports and Allow
import of external experts are checked in the EA property dialog.

Autotrading is disabled
The AutoTrading might be disabled
• Verify that the toolbar button AutoTrading is pressed.
Toolbar button when Expert Advisors disabled:

27
 Click to enable:

5.2 EA Is Not Starting Up After Attach to Chart

Issue
The EA reports successful initialisation and advises about disabled Expert Advisors.

Autotrading is disabled
The AutoTrading might be disabled
• Verify that the toolbar button AutoTrading is pressed.
Toolbar button when Expert Advisors disabled:

Click to enable:

5.3 No Updates to Chart

Issue
The GridTrendMultiplier EA does not update information on the chart for several minutes.

28
 Connection Lost
MetaTrader should be connected to the broker's server.
1. Check the bottom right corner of MetaTrader, this is when it has lost connection to
the server:

2. If connection is lost then login again or restart MT to force reconnection. Try again
activating the GridTrendMultiplier EA when connection is back.

Demo account is expired

MT4 will not be able to connect to the demo account if it's expired. In this case MT4 will
keep asking for the login details and fail all login attempt.
• When this happens open a new demo account (right click Accounts in Navigator
window and select Open an Account).

Market is closed
New tick information and updates to chart happens when markets are open.
• Double check that markets are meant to be open currently.

Disk is full
There should be at least 50MB free disk space available on the drive MetaTrader is
installed on.
• If the free disk space is low then free up space.

5.4 Enable Full Trade History For Grid P&L Calculations Message Box
Issue
The GridTrendMultiplier EA displays a message box similar to the one below:

29
Full trade history is not enabled in MT4
The GridTrendMultiplier EA periodically calculates the total profit & loss of all the grid
trades since the start of the grid. In the case the grid was started off in the previous
calendar months the default MT4 terminal settings will not keep the details of past closed
tickets, which in turn may block the EA to calculate the grid P&L, and it has to stop.
When the GridTrendMultiplier EA does not find any closed tickets in the previous months it
displays this message asking to turn on the full account history.
1. Go to Terminal window (Ctrl+T)
2. Select Account History tab
3. Right click any ticket or the empty window area
4. Select All History in the context menu

30
 Note:
For more details and how to use the different buttons of the message box refer to
First Time Activation, Full trade history.

5.5 Grid Initial Tickets Not Found Message Box

Issue
The GridTrendMultiplier EA displays a message box similar to the one below:

Initial tickets not found

The GridTrendMultiplier EA periodically calculates the total profit & loss of all the grid
trades since the start of the grid. The first buy and sell tickets of the grid are the initial
tickets, and the EA adds up profit and losses of all closed and open tickets since those

31
 initial tickets . This message appears when those initial tickets could not be found on the
broker account, which prevents the EA to calculate the grid profit and loss.
• The default MT4 terminal setting, after its installation, is to keep the details of closed
trades only for the current calendar month. If roll-over to next calendar month took
place while the EA was trading a grid started in the previous month, this message will
pop up because the MT4 terminal drops the details of the closed grid trades for the
past months. The solution is to enable full account history for the MT4 terminal: see
First Time Activation, Full trade history illustrating the steps to achieve that.
• MetaTrader should be connected to the broker's server. Check the bottom right
corner of MetaTrader, this is when it has lost connection to the server:

If connection is lost then login again or restart MT to force reconnection.

5.6 Prompted for Access ID at Service Access Settings

Issue
After attaching to chart the GridTrendMultiplier EA asks for my Access ID in the Service
Access Settings window.

Type in your Access ID

The GridTrendMultiplier EA checks that the usage of product is appropriately licensed.
After product purchase a user profile is created on our web support site and the product
can be downloaded from that web site. The support site allows to set up an Access ID
which is required by the GridTrendMultiplier EA to validate the product licence. By default
this Access ID is configured to be the same as your selected login name to the web
support site.
• When prompted, please enter your Access ID to the window and click Save:

Please do not share out to others your Access ID. That is against the licence
agreement terms and conditions and also all 3rd party usages will count when
checking the number of ea copies being used. Sharing out your Access ID can result
in licence check failure and the ea may stop functioning.
Keep your Access ID secure, change it away from the its default value at any time on
the Web Support Centre site.

32
5.7 Backtest In Visual Mode Not Working

Issue
In the Strategy Tester using the visual mode DLL imports not allowed message
appears on the chart. No result after the Strategy Tester finished its run.

Global Allow DLL imports is not enabled

You may need to enable the DLL imports in the MT4 for terminal global parameters to run
the GridTrendMultiplier EA in the backtest environment.
1. Open the MT4 global Options by selecting Tools > Option (CTRL+O)
2. Select the Expert Advisors tab
3. Check the Allow DLL import

5.8 Backtest Not Working

Issue
After the backtest finished no result showing.

33
Global Allow DLL imports is not enabled
You may need to enable the DLL imports in the MT4 for terminal global parameters to run
the GridTrendMultiplier EA in the backtest environment.
1. Open the MT4 global Options by selecting Tools > Option (CTRL+O)
2. Select the Expert Advisors tab
3. Check the Allow DLL import

34
5.9 Step-by-step Installation of Expert4x EAs and Indicators
In this tutorial the Tallinex MetaTrader (MT4) is used as an example. Replace the Tallinex
MetaTrader with your broker specific MetaTrader.
1. Start your MT4 terminal and select the File > Open Data Folder menu

The menu opens a File Explorer.

2. Close your MT4
3. Check the File Explorer
• If the File Explorer shows a folder like this one below

and you see the origin.txt or the origin file go to the standard installation
page.
• If the File Explorer shows a folder like this one below

35
 and you see the terminal.exe or terminal file go to the non-standard
installation page.

5.9.1 Standard EA, Indicator installation

In the opened File Explorer the origin.txt or the origin file was found.
Please follow through the steps below to install the Expert4x EA or Indicator on your MT4
1. Double click the origin.txt file and take a note of the MetaTrader location.

2. Start the EA or indicator setup program. Follow through the setup until you reach the
Select Target MetaTrader Directory window.

36
 3. In this window select your targeted MetaTrader's Data Folder, as per the origin.txt
noted earlier, and click Next
4. Follow through the rest of the setup application.
5. In the end click Install

6. Check the EA or Indicator in the MetaTrader after installation

a) Start your MetaTrader
b) In the Navigator panel open the Expert Advisors section if you installed an
EA or the Indicators section if you installed an Indicator and look for the EA or
Indicator.

5.9.2 Non-standard EA, Indicator installation

In the opened File Explorer the terminal.exe or terminal file was found.
Please follow through the steps below to install the an Expert4x EA or Indicator on your
MT4
1. Start the EA or indicator setup program. Follow through the application until you
reach the Select Target MetaTrader Directory window.
2. Click Add target directory... button

37
3. Navigate to your MetaTrader folder

and click OK.

4. Scroll down to the end of the list. Select the target directory. Click Next.

38
5. Follow through the rest of the setup application.
6. In the end click Install

7. Check the EA or Indicator in the MetaTrader after installation

a) Start your MetaTrader
b) In the Navigator panel open the Expert Advisors section if you installed an
EA or the Indicators section if you installed an Indicator and look for the EA or
Indicator.

39
Chapter

6
Operational Messages
The GridTrendMultiplier EA operational messages and resolution guide.

Code Severity Message Description

1001 Error Setup problem: DLL Configuration setting is
imports not allowed. Tick missing to allow the ea
Allow DLL imports in to use dynamicaly loaded
Common tab of the libraries (DLLs). Enable the
properties window. load of DLLs and restart
the ea. More...

1002 Error Incomplete ea installation: Product installation is not

Run setup application complete or damaged. Run
for MT4 instance the setup application for
"<MT4DataPath>'s Data the MT4 terminal instance
Folder" as displayed. More...

1006 Error MT4 Expert Advisors are EA does not perform its
disabled: click AutoTrading operations, not monitoring
icon on MT4 toolbar to nor reacting to price
execute the EA. movements of the market.
More...
1007 Error Live trading is not allowed The EA is unable
(no smiley face): press F7 to perform trading
and tick Allow live trading operations, there is a sad
box on Common tab. icon in the top right corner
of the chart. More...

1008 Error Authentication failed or The ea is not able

interrupted (<Stopped>, to authenticate the user
<Status>, <Response>, access to the service at its
<Reason>, start up time. More...
<FlipOverCount>,
<Latency>)

50001 Error 'Max Open Ticket Count' Automated position sizing

must be 1 or higher for requires maximum ticket
the selected Position Sizing count to be defined.
Method. More...
50002 Error Position sizing failed, too Automated position sizing
small derived Stop Loss of derived stop loss is too
<DerivedStopLoss>. small. More...

50003 Error Current price <Bid> is Market price is outside the

already on or above upper limit allowed for grid
the configured limit trading. More...
<GridCloseOnOrAbovePrice>.

50004 Error Current price <Bid> is Market price is outside the

already on or below lower limit allowed for grid
the configured limit trading. More...
<GridCloseOnOrBelowPrice>.

50005 Error BUY entry The configured buy entry

<BuyEntryPrice> is on or price is outside the upper
above the configured limit limit allowed for grid
<GridCloseOnOrAbovePrice>. trading. More...

40
 Code Severity Message Description
50006 Error BUY entry The configured buy entry
<BuyEntryPrice> is on or price is outside the lower
below the configured limit limit allowed for grid
<GridCloseOnOrBelowPrice>. trading. More...

50007 Error SELL entry The configured sell entry

<SellEntryPrice> is on or price is outside the upper
above the configured limit limit allowed for grid
<GridCloseOnOrAbovePrice>. trading. More...

50008 Error SELL entry The configured sell entry

<SellEntryPrice> is on or price is outside the lower
below the configured limit limit allowed for grid
<GridCloseOnOrBelowPrice>. trading. More...

50110 Error Aborted by user due to User selected to stop EA

lack of trade history, due to lack of trade history.
EA is shut down More...
(<GridStartTicketSell>,
<GridStartTimeSell>,
<GridStartTicketBuy>,
<GridStartTimeBuy,
<LastMonthFound>).

50112 Error Missing grid initial Initial grid start tickets

tickets (Sell:<SellTicket>, are no longer available on
Buy:<BuyTicket>) on broker account. More...
broker account, EA is shut
down. Press F7 and click
OK for more instructions.

6.1 Message 1001

Code Severity Message Description

1001 Error Setup problem: DLL Configuration setting is
imports not allowed. Tick missing to allow the ea
Allow DLL imports in to use dynamicaly loaded
Common tab of the libraries (DLLs). Enable the
properties window. load of DLLs and restart
the ea. More...

Setup problem: DLL imports not allowed

Issue
The ea is not able to start up when gets attached to a chart because some of its
dependencies could not be loaded into memory. The EA requires some dynamically loaded
libraries (DLL) to be loaded into memory from disks. When the ea configuration settings
do not allow the load of DLLs then the ea cannot start up and reports this error message.
Possible root cause
• The ea configuration does not allow for the load of DLLs.
Resolution
Enable the load of DLLs in the ea configuration dialog.
1.Attach the ea to a chart, or if already attached then select the chart and
• In case of an EA: press F7
• In case of an indicator: press Ctrl+I and double-click the name of the indicator
in the list.
2.Go to the Common tab of the Property window.
3.Tick the checkbox Allow DLL imports.
4.Click OK.

41
6.2 Message 1002

Code Severity Message Description

1002 Error Incomplete ea installation: Product installation is not
Run setup application complete or damaged. Run
for MT4 instance the setup application for
"<MT4DataPath>'s Data the MT4 terminal instance
Folder" as displayed. More...

Incomplete Installation
Issue
The ea is not able to start up when gets attached to a chart because some of its
dependencies could not be found on the file system.
Possible root cause
• The ea setup application was not able to perform all its steps, not completed in full.
• The product was installed manually and some of the steps were missed.
• The MT4 instance's file system got damaged, some files got corrupted or deleted.
Resolution
Download the ea setup application and execute it to get the product installed for the MT4
instance:
1.Download the setup application from Web Support Centre.
2.Execute the setup application to get the product installed. For installation guide refer
to any of the following:
• Getting Started with the GridTrendMultiplier EA on page 5
• Step-by-step Installation of Expert4x EAs and Indicators on page 35

6.3 Message 1006

42
 Code Severity Message Description
1006 Error MT4 Expert Advisors are EA does not perform its
disabled: click AutoTrading operations, not monitoring
icon on MT4 toolbar to nor reacting to price
execute the EA. movements of the market.
More...

EA AutoTrading Disabled
Issue
The EA is not responding to price movements, not performing its logic upon data ticks
coming in from the broker. The MT4 toolbar button AutoTrading is disabled.
Possible root cause
• The AutoTrading button on the MT4 toolbar is disabled.

Resolution
Press the AutoTrading button on the MT4 toolbar.

6.4 Message 1007

Code Severity Message Description

1007 Error Live trading is not allowed The EA is unable
(no smiley face): press F7 to perform trading
and tick Allow live trading operations, there is a sad
box on Common tab. icon in the top right corner
of the chart. More...

Live Trading Not Allowed

Issue
The EA is unable to perform trading operations, there is a sad icon in the top right corner
of the chart.
Possible root cause
• The Allow live trading checkbox is not ticked at the EA properties window.
Resolution
Enable live trading in the EA properties window.
1.Go to the chart and press F7.
2.Go to the Common tab of the Expert properties window.
3.Tick the checkbox Allow live trading.

43
 4.Click OK

6.5 Message 1008

Code Severity Message ToDo

1008 Error Authentication failed or The ea is not able
interrupted (<Stopped>, to authenticate the user
<Status>, <Response>, access to the service at its
<Reason>, start up time. More...
<FlipOverCount>,
<Latency>)

Failed Authentication
Issue
The ea is not able to authenticate the user access to the service at attach or restart time
and does not start up.
Possible root cause
• The ea could not connect to the authentication server.
• The user quit the authentication process.
• There is a typo in the Access ID entered by the user.
• The GridTrendMultiplier EA is not yet purchased by the user.
• The GridTrendMultiplier EA was purchased, but not yet activated by the user.
• The GridTrendMultiplier EA was purchased or a trial started, but the licensed period
(e.g. calendar days) has lapsed.
• The GridTrendMultiplier EA was purchased, but the licensed usage limit (e.g. number
of parallel accesses) is breached by the user.
Resolution
Double check the following items to find resolution to the issue.
1.Ensure that the computer has working Internet connection. For example, go to the
Web Support Centre and see if the page loads with no issues. When the Internet
connection is working, restart the ea by pressing F7 and clicking the OK button of the
Expert property window.
2.Ensure you enter the correct Access ID, case sensitive, without any typo, and click
the Save button of the Service Access Settings authentication window.

44
 3.Ensure you have purchased the product. Log in to the Web Support Centre and select
the GridTrendMultiplier EA from the product list. If the product is not available for
download then it is yet to be purchased at the Web Support Centre.
4.Count the number of computers you are running the GridTrendMultiplier EA on. If it
is more than what the purchased ea licence copies allow then either shut down on
the excess number of the computers all the running GridTrendMultiplier instances, or
purchase more licence at the Web Support Centre.

6.6 Message 50001

Code Severity Message Description

50001 Error 'Max Open Ticket Count' Automated position sizing
must be 1 or higher for requires maximum ticket
the selected Position Sizing count to be defined.
Method. More...

Maximum Open Ticket Count Too Low

Issue
The automated position sizing feature of the EA estimates the maximum loss based on the
maximum number of open tickets allowed for a grid and the gap size. However, the Max
Open Ticket Count is set to zero.
Possible root cause
• The Position Sizing Method is set to one of the 'Percent of Account Margin/Equity/
Balance' while the Max Open Ticket Count is set to zero.
Resolution
Consider one of the following items to find resolution to the issue.
1.Keep the selected Position Sizing Method as it is, and enter value 1 or higher to Max
Open Ticket Count.
2.Alternatively, select 'Manual Lot Size' for Position Sizing Method and enter the desired
lot size to BUY_Lots and SELL_Lots. In this case the automated position sizing is
turned off and the manual lot sizing is activated.

6.7 Message 50002

45
 Code Severity Message Description
50002 Error Position sizing failed, too Automated position sizing
small derived Stop Loss of derived stop loss is too
<DerivedStopLoss>. small. More...

Derived Stop Loss Too Small

Issue
The automated position sizing feature of the EA estimates the maximum loss based on the
maximum number of open tickets allowed for a grid and the gap size. However, either the
Max Open Ticket Count or the BUY Gap Size/SELL Gap Size is set to zero.
Possible root cause
• The Position Sizing Method is set to one of the 'Percent of Account Margin/Equity/
Balance' while the Max Open Ticket Count or BUY Gap Size/SELL Gap Size is set to
zero.
Resolution
Consider one of the following items to find resolution to the issue.
1.Keep the selected Position Sizing Method as it is, and enter value 1 or higher to Max
Open Ticket Count, BUY Gap Size and SELL Gap Size.
2.Alternatively, select 'Manual Lot Size' for Position Sizing Method and enter the desired
lot size to BUY_Lots and SELL_Lots. In this case the automated position sizing is
turned off and the manual lot sizing is activated.

6.8 Message 50003

Code Severity Message Description

50003 Error Current price <Bid> is Market price is outside the
already on or above upper limit allowed for grid
the configured limit trading. More...
<GridCloseOnOrAbovePrice>.

Price Already On Or Above Limit

Issue
The EA does not start up because the market price is above the configured upper limit.
This is to avoid flipping between start up a new grid and close it off immediately because
the market price is on or above the limit triggering grid closure.
Possible root cause
• The current market price is already on or above the configured upper limit Close Grid
On or Above Price.
Resolution
Adjust the value of Close Grid On or Above Price to be below the current market price.
1.Attach the EA to a chart; or if already attached then select the chart and press F7.
2.Go to the Common tab of the Expert Property window.
3.Select the Close Grid On or Above Price entry, press F2 and enter the new value.
4.Click OK.

6.9 Message 50004

46
 Code Severity Message Description
50004 Error Current price <Bid> is Market price is outside the
already on or below lower limit allowed for grid
the configured limit trading. More...
<GridCloseOnOrBelowPrice>.

Price Already On Or Below Limit

Issue
The EA does not start up because the market price is below the configured lower limit.
This is to avoid flipping between start up a new grid and close it off immediately because
the market price is on or below the limit triggering grid closure.
Possible root cause
• The current market price is already on or below the configured lower limit Close Grid
On or Below Price.
Resolution
Adjust the value of Close Grid On or Below Price to be above the current market price.
1.Attach the EA to a chart; or if already attached then select the chart and press F7.
2.Go to the Common tab of the Expert Property window.
3.Select the Close Grid On or Below Price entry, press F2 and enter the new value.
4.Click OK.

6.10 Message 50005

Code Severity Message Description

50005 Error BUY entry The configured buy entry
<BuyEntryPrice> is on or price is outside the upper
above the configured limit limit allowed for grid
<GridCloseOnOrAbovePrice>. trading. More...

Buy Entry Price On Or Above Limit

Issue
The EA does not start up because the configured buy entry price is on or above the Close
Grid On or Above Price. This is to avoid flipping between start up a new grid and close
it off immediately because the market price will be on or above the limit triggering grid
closure.
Possible root cause
• The configured buy entry price is on or above the configured upper limit Close Grid
On or Above Price.
Resolution
Adjust the value of BUY Initial Entry Price to be below the Close Grid On or Above Price.
1.Attach the EA to a chart; or if already attached then select the chart and press F7.
2.Go to the Common tab of the Expert Property window.
3.Select the BUY Initial Entry Price entry, press F2 and enter the new value.
4.Click OK.

6.11 Message 50006

47
 Code Severity Message Description
50006 Error BUY entry The configured buy entry
<BuyEntryPrice> is on or price is outside the lower
below the configured limit limit allowed for grid
<GridCloseOnOrBelowPrice>. trading. More...

Buy Entry Price On Or Below Limit

Issue
The EA does not start up because the configured buy entry price is on or below the Close
Grid On or Below Price. This is to avoid flipping between start up a new grid and close
it off immediately because the market price will be on or below the limit triggering grid
closure.
Possible root cause
• The configured buy entry price is on or below the configured lower limit Close Grid
On or Below Price.
Resolution
Adjust the value of BUY Initial Entry Price to be below the Close Grid On or Below Price.
1.Attach the EA to a chart; or if already attached then select the chart and press F7.
2.Go to the Common tab of the Expert Property window.
3.Select the BUY Initial Entry Price entry, press F2 and enter the new value.
4.Click OK.

6.12 Message 50007

Code Severity Message Description

50007 Error SELL entry The configured sell entry
<SellEntryPrice> is on or price is outside the upper
above the configured limit limit allowed for grid
<GridCloseOnOrAbovePrice>. trading. More...

Sell Entry Price On Or Above Limit

Issue
The EA does not start up because the configured sell entry price is on or above the Close
Grid On or Above Price. This is to avoid flipping between start up a new grid and close
it off immediately because the market price will be on or above the limit triggering grid
closure.
Possible root cause
• The configured sell entry price is on or above the configured upper limit Close Grid
On or Above Price.
Resolution
Adjust the value of SELL Initial Entry Price to be below the Close Grid On or Above Price.
1.Attach the EA to a chart; or if already attached then select the chart and press F7.
2.Go to the Common tab of the Expert Property window.
3.Select the SELL Initial Entry Price entry, press F2 and enter the new value.
4.Click OK.

6.13 Message 50008

48
 Code Severity Message Description
50008 Error SELL entry The configured sell entry
<SellEntryPrice> is on or price is outside the lower
below the configured limit limit allowed for grid
<GridCloseOnOrBelowPrice>. trading. More...

Sell Entry Price On Or Below Limit

Issue
The EA does not start up because the configured sell entry price is on or below the Close
Grid On or Below Price. This is to avoid flipping between start up a new grid and close
it off immediately because the market price will be on or below the limit triggering grid
closure.
Possible root cause
• The configured sell entry price is on or below the configured lower limit Close Grid On
or Below Price.
Resolution
Adjust the value of SELL Initial Entry Price to be below the Close Grid On or Below Price.
1.Attach the EA to a chart; or if already attached then select the chart and press F7.
2.Go to the Common tab of the Expert Property window.
3.Select the SELL Initial Entry Price entry, press F2 and enter the new value.
4.Click OK.

6.14 Message 50110

Code Severity Message Description

50110 Error Aborted by user due to User selected to stop EA
lack of trade history, due to lack of trade history.
EA is shut down More...
(<GridStartTicketSell>,
<GridStartTimeSell>,
<GridStartTicketBuy>,
<GridStartTimeBuy,
<LastMonthFound>).

Stopped Due to Lack Of Trade History

Issue
The user selected to stop the EA because of potential trade history issue on the broker
account. In the context of this message the potential issue is that the MT4 terminal
could be configured to download only the current calendar month's trade history from
the broker server. A potential future problem is that when grid is started in this ongoing
month and the calendar rolls over to the next month, the MT4 terminal may drop the
trade history upon the month rollover. If the trade history gets dropped then EA would no
longer be able to track all grid trades since the grid start and would need to stop, leaving
the grid trades unmanaged.
Note: The MT4 terminal, after its installation, downloads the trade history only for the
current month. To avoid the above potential issue it is highly recommended to enable the
download of the full trade history as described below.
See more details at Enable History During First Time Activation and Message 50112 on
page 50.
Possible root cause

49
 • The MT4 is configured to download only the current month's trade history from the
broker server.
• The broker account is brand new, freshly created, and there is no trade history at all
on the broker account
Resolution
Consider the following items to find resolution to the issue.
1.Reconfigure the MT4 terminal to download full history of trades, i.e. have trades
history not only for the current month but for previous ones as well to allow long grid
cycles being tracked by the EA. Follow the steps described at Full Trade History Must
Be Enabled on page 13.
2.In the case of a brand new broker account simply ignore this warning at the start
of the EA. Once the history of trades builds up this warning message will no longer
appear.

6.15 Message 50112

Code Severity Message Description

50112 Error Missing grid initial Initial grid start tickets
tickets (Sell:<SellTicket>, are no longer available on
Buy:<BuyTicket>) on broker account. More...
broker account, EA is shut
down. Press F7 and click
OK for more instructions.

Grid Start Tickets No Longer Available

Issue
The EA cannot find the initial grid start tickets on the broker account and therefore halts.
The EA requires access to all grid related tickets on the broker account since the start of
the grid in order to track the profit and loss status of the grid and to manage the trades
at the grid levels. When access to the tickets on the broker account is not available the EA
cannot operate and has to stop.
Possible root cause
• Calendar rolled over to the next month and the MT4 terminal is configured to keep
the trade history only for the current month. If the grid was started off in the
previous month then the details of the initial grid trades no longer get downloaded
from the broker server causing this issue.
• User switched to another broker account in the MT4 terminal while the EA was
running. The EA will not be able to find the grid tickets on the new broker account as
those were created on the other broker account.
• The broker server keeps trade history only for a limited number of trades or for a
limited calendar days duration. When these limits are exceeded and the grid is still
ongoing then the information to track the grid trades gets lost.
Resolution
Consider one of the following items to find resolution to the issue.
1.Reconfigure the MT4 terminal to download the full history of trades, i.e. have trades
history not only for the current month but for previous ones as well to allow long grid
cycles being tracked by the EA. Follow the steps described at Full Trade History Must
Be Enabled on page 13.
2.In the MT4 terminal switch back to the broker account the grid was started off.
Note: Best practice is to dedicate an MT4 instance to a single broker account when
any EA is active and performing trading. This is to avoid confusion and any potential

50
 trading issues. If desired make multiple installations of the MT4 terminal for other
purposes.
3.If, after enabling the full trade history, the EA is still not able to find the missing
trades on the right broker account then it could be a broker side limitation as of how
much and for how long the trade history is kept on the broker server. Talk to the
broker to clarify their policy regarding availability of the trade history.

51
Chapter

7
Support

Please contact support@eafactory.com if you require any further assistance. Please copy
info@expert4x.com on your email.
Index
Numerics BUY/SELL Counter-Trend Gap Scaling Percent
Parameters 22, 22
1001 BUY/SELL Counter-Trend Lot Scaling Down Percent
Message 41 Parameters 22, 23
1002 BUY/SELL Counter-Trend Scaling After Grid Level
Message 42 Parameters 22, 22
1006 BUY/SELL Gap Scaling After Grid Level
Message 42 parameters 21
1007 BUY/SELL Gap Scaling Percent
Message 43 parameters 21
1008 BUY/SELL Gap Size
Message 44 parameters 21, 22
50001 BUY/SELL Grid On-Chart Colour Scheme
Message 45 parameters 24, 25
50002 BUY/SELL Grid Settings
Message 45 parameters 21, 21, 21, 22, 22, 23
50003 BUY/SELL Grid Trading Allowed
Message 46 parameters 21, 21
50004 BUY/SELL Initial Entry Price
Message 46 parameters 21, 21
50005 BUY/SELL Lots for 'Manual Lot Size'
Message 47 parameters 22
50006 BUY/SELL Stop Loss
Message 47 parameters 21, 22
50007
Message 48
50008
C
Message 48 Close Grid On or Above Price
50110 parameters 16
Message 49 Close Grid On or Below Price
50112 parameters 16
Message 50 Combined Profit & Risk Settings
parameters 16, 16, 16, 17, 17, 17, 18, 18, 18
A Configuration
Configuration Principles 15
Access ID Operation Principles 15
Knowledgebase 32 Configuration Principles
Account Type Requirements Configuration 15
System Requirements 13 Copyright Notices
Activation Copyright Notices 4
Access ID 8
Attach 8
First Time Activation 8
D
MT4 Common Tab 8 DLL Imports Not Allowed
MT4 Inputs Tab 8 Knowledgebase 33
Service Access Settings 8 Visual Mode 33
Allow DLL Imports
Backtest 33
Automatic vs Manual Sell Settings
E
parameters 21, 23 EA Non-standard Installation
AutoTrading Disabled Knowledgebase 37
EA Not Starting Up 27, 28 EA Not Starting Up
AutoTrading Disabled 27, 28
B EA Standard Installation
Knowledgebase 36
Backtest ECN/STP Broker Accounts
Allow DLL Imports 33 System Requirements 13
No Result 33, 33 Enable Full Trade History
BUY/SELL Counter Trend Scaling Knowledgebase 29
Parameters 22

53
F L
First Time Activation Level Sensitivity
Activation 8 parameters 24, 24
Forex Broker Requirements
System Requirements 12
M
G Magic Number
parameters 24, 26
Grid Close Above Level Colour Max Loss Amount
parameters 24, 25 parameters 16, 17
Grid Close Below Level Colour Max Loss Percent
parameters 24, 26 parameters 16, 17
Grid Close On or Above Max Loss Pips
parameters 18 parameters 16, 18
Grid Close On or Below Max Open Ticket Count
parameters 18 parameters 24
Grid Closeout Summary Text Colour Max Spread Pips
parameters 24, 26 parameters 24, 24
Grid Initial Tickets Not Found Message
Knowledgebase 31 1001 41
Grid Levels Shown Above/Below Active Grid 1002 42
parameters 24, 25 1006 42
GridTrendMultiplier EA 1007 43
Initial Ticket 31 1008 44
GTM EA 50001 45
Installation 5 50002 45
50003 46
H 50004 46
50005 47
Hardware Requirements 50006 47
System Requirements 12 50007 48
Hedging Support Requirements
50008 48
System Requirements 12
50110 49
50112 50
I MetaTrader (MT4) Requirements and Settings
System Requirements 12
Indicator Non-standard Installation Minimum Lot Size Requirements
Knowledgebase 37 System Requirements 13
Indicator Standard Installation
Knowledgebase 36
Initial Ticket N
Sadface 31
No Updates to Chart
Install
Knowledgebase 28
GTM EA 5
Non-FIFO Support Requirements
Non-standard Installation 37
System Requirements 13
Standard Installation 36

O
K
Operating System Requirements
Knowledgebase
System Requirements 12
Access ID 32 Operation Principles
DLL Imports Not Allowed 33 Configuration 15
EA Non-standard Installation 37 Operations Settings
EA Not Starting Up 28 parameters 24, 24, 24, 24, 25, 25, 25, 26, 26,
EA Standard Installation 36 26
Enable Full Trade History 29
Grid Initial Tickets Not Found 31
Indicator Non-standard Installation 37
P
Indicator Standard Installation 36 parameters
No Updates to Chart 28 Automatic vs Manual Sell Settings 21, 23
Sadface 27, 28, 29 BUY/SELL Gap Scaling After Grid Level 21
Step-by-step Installation Guide 35 BUY/SELL Gap Scaling Percent 21

54
 BUY/SELL Gap Size 21, 22 Support
BUY/SELL Grid On-Chart Colour Scheme 24, 25 Support 52
BUY/SELL Grid Settings 21, 21, 21, 22, 22, 23 System Requirements
BUY/SELL Grid Trading Allowed 21, 21 Account Type Requirements 13
BUY/SELL Initial Entry Price 21, 21 ECN/STP Broker Accounts 13
BUY/SELL Lots for 'Manual Lot Size' 22 Forex Broker Requirements 12
BUY/SELL Stop Loss 21, 22 Hardware Requirements 12
Close Grid On or Above Price 16 Hedging Support Requirements 12
Close Grid On or Below Price 16 MetaTrader (MT4) Requirements and Settings 12
Combined Profit & Risk Settings 16, 16, 16, 17, Minimum Lot Size Requirements 13
17, 17, 18, 18, 18 Non-FIFO Support Requirements 13
Grid Close Above Level Colour 24, 25 Operating System Requirements 12
Grid Close Below Level Colour 24, 26
Grid Close On or Above 18 T
Grid Close On or Below 18
Grid Closeout Summary Text Colour 24, 26 Target Profit Amount
Grid Levels Shown Above/Below Active Grid 24, parameters 16, 16
25 Target Profit Percent
Level Sensitivity 24, 24 parameters 16, 16
Target Profit Pips
Magic Number 24, 26
parameters 16, 17
Max Loss Amount 16, 17
Max Loss Percent 16, 17
Max Loss Pips 16, 18 V
Max Open Ticket Count 24
Visual Mode
Max Spread Pips 24, 24
DLL Imports Not Allowed 33
Operations Settings 24, 24, 24, 24, 25, 25, 25,
Visualization Settings
26, 26, 26
parameters 25
Position Risk Percent 16, 19, 20
Position Sizing 16, 19, 19, 20, 24
Position Sizing Method 16, 19, 19
Reentry After Grid Closure 24, 24
Target Profit Amount 16, 16
Target Profit Percent 16, 16
Target Profit Pips 16, 17
Visualization Settings 25
Parameters
BUY/SELL Counter-Trend Gap Scaling Percent
22, 22
BUY/SELL Counter-Trend Lot Scaling Down
Percent 22, 23
BUY/SELL Counter-Trend Scaling 22
BUY/SELL Counter-Trend Scaling After Grid Level
22, 22
Position Risk Percent
parameters 16, 19, 20
Position Sizing
parameters 16, 19, 19, 20, 24
Position Sizing Method
parameters 16, 19, 19

R
Reentry After Grid Closure
parameters 24, 24

S
Sadface
Knowledgebase 27, 28, 29
Step-by-step Installation Guide
Knowledgebase 35

55