Grail EA

Grail EA
Logic:

1. Grid Trading:
   • The EA uses a grid-based strategy where it places buy and sell orders based on the comparison of price levels derived from custom indicators.
   • Trades are placed depending on the calculated price (pr3) relative to the current market price (Ask/Bid) and the trend lines (pr1 and pr2).
2. Martingale:
   • The EA employs a Martingale strategy, increasing the lot size (KLot) for the next trade if the previous trade resulted in a loss.
   • The lot size will be reset to the initial value (Lots) if a winning trade is detected or if the calculated lot size exceeds the maximum allowed (MaxLot).
3. Custom Indicator:
   • The EA relies on a custom indicator (IndName) to determine the trading signal.
   • The indicator’s output (ind) is used in conjunction with grid-based logic to decide whether to open buy or sell orders.
4. Order Management:
   • The EA includes built-in Stop Loss and Take Profit parameters, ensuring trades are automatically closed at predefined profit or loss levels.
   • A slippage control parameter (Slip) is also included to manage the execution of orders under varying market conditions.