Description

MagicSand is a sophisticated multi-layer grid trading Expert Advisor that uses three independent entry systems with advanced money management, risk control, and filtering mechanisms. The EA employs a martingale-like strategy with configurable lot multipliers and distance between orders.

Signal : https://www.mql5.com/en/signals/2311943

Sets : https://www.mql5.com/en/market/product/77860/comments/page4#comment_58487038

News EA : https://www.mql5.com/en/market/product/77860/comments/page5#comment_58487069

CONFIGURATION SETTINGS

GENERAL TRADE SETTINGS

• Trade Buy: Enable/disable BUY positions
• Trade Sell: Enable/disable SELL positions
• Open New Series: Allow opening new trade series

FIRST ENTRY SYSTEM

• First Entry: Enable first entry system
• Reverse Entry 1: Reverse the trading direction
• Lot Size: Starting lot size (0.01)
• Max DD: Maximum drawdown limit (0 = disabled)
• Fix Distance: Distance between orders in pips (2000.0)
• Magic Number: Unique identifier for first entry orders

SECOND ENTRY SYSTEM

• Second Entry: Enable second layer
• Reverse Entry 2: Reverse direction for second layer
• Lot Size: Lot size for second entries
• Fix Distance: Grid distance (200.0 pips)
• Magic Number: Unique ID for second layer

THIRD ENTRY SYSTEM

• Third Entry: Enable third trading layer
• Reverse Entry 3: Reverse direction
• Lot Size: Lot size for third entries
• Fix Distance: Grid spacing (200.0 pips)
• Magic Number: Unique ID for third layer

TREND FILTER

• Use Filter Trend: Enable trend filtering
• Close Opposite Trend: Close trades against trend
• Trend Timeframe: MA calculation timeframe (H1)
• MA Period: Moving average period (100)
• MA Method: EMA, SMA, etc.

MONEY MANAGEMENT

• Start Lots: Fixed lot size if MM disabled (0.01)
• Lot Exponent: Multiplier for subsequent orders (1.3x)
• Max Lots: Maximum allowed lot size (100.0)
• Max Orders: Maximum number of simultaneous trades (99)
• Take Profit: Overall take profit in pips (2000)
• Stop Loss: Stop loss per trade (0 = disabled)

RISK MANAGEMENT

• Equity Stop: Enable equity-based stop loss
• Equity Risk: Maximum equity drawdown ($500)
• Daily Profit Target: Daily profit target (0 = disabled)
• DD Alert: Send alerts when drawdown reached
• Max DD: Drawdown threshold for alerts ($40)

TRAILING & LOCK PROFIT

• Trailing Stop: Enable trailing stop
• Trail Distance: Distance to activate trailing
• Trail Stop: Trailing stop distance
• Trail Step: Trailing step size
• Lock Profit: Enable profit locking
• Lock After: Pips profit to activate lock
• Profit Lock: Lock profit distance

TIME & SESSION CONTROL

• Time Control: Enable trading sessions
• Session 1-3: Define trading time windows
• Day Filtering: Enable/disable trading days
• GMT Offset: Timezone adjustment

RISK WARNING

• High Risk Strategy: Grid/martingale systems can lead to significant losses
• Proper Capital: Ensure sufficient account balance for drawdowns
• Backtest First: Always test strategies before live trading
• Monitor Regularly: Active monitoring recommended
• Understand Settings: Comprehend all parameters before use

TECHNICAL NOTES

• Timeframe: Works on any timeframe (configures internally)
• Broker Compatibility: Requires 5-digit brokers
• Symbols: Best suited for major forex pairs
• VPS Recommended: For 24/7 operation

This EA provides sophisticated multi-layer trading with comprehensive risk management tools. Always start with demo testing and small lots until you’re comfortable with the strategy behavior.