Prop Grid Trading Bot

📘 User Guide for XignalCoding Prop Grid EA – Input Settings

Welcome to the XignalCoding Prop Grid Expert Advisor. Below is a detailed explanation of each input setting to help you configure and optimize the bot for your trading style and risk management.

🔹 Entry Signal Options

Select the method used to trigger entries:

• Williams %R

• Stochastic

• RSI (Relative Strength Index)

• CCI (Commodity Channel Index)

• Bollinger Bands

• Breakout

• Percentage Pullback Entry

• Linear Regression
  Note: Linear Regression works only in visual mode when backtesting.

🔹 General Inputs

• Lot Calculation Method
  Choose between:

  • Fixed: Constant lot size.

  • Dynamic: Lot size adjusts based on balance (e.g., 0.1 lot per 10,000 account balance).

• Lot Size

  • Used either as the fixed lot or as the base unit for dynamic calculation.

• Use Grid

  • Enable/Disable grid trading mode.

• Max Trades of Grid

  • Max number of grid entries allowed per direction (buy/sell).

• Grid Distance (Points or ATR)

  • Distance between each grid position. You can use a fixed number of points or enable dynamic distance using ATR.

• Signal Shift

  • Determines when to open the initial trade:

    • 0: At signal bar open

    • 1: After signal bar closes

• Stop Grid if More Levels Required

  • If the number of grid trades exceeds your limit, all open positions of that direction are closed to protect capital.

• Apply Grid Trades on New Bar

  • Grid trades will be opened:

    • Immediately when grid distance is reached, or

    • Only after a new bar confirms the condition.

• New Bar Timeframe

  • The timeframe used to detect the closing of the new bar before opening grid positions.

• Profit Exit for Grid
  Choose the method for exiting the grid:

  • Simple: Each trade targets a fixed profit.

  • Dynamic: Total target = profit per trade × number of trades.

  • Paragontic: Smart exit calculation aiming to balance total profit vs. risk.

• Grid Target Profit

  • Profit target in points for each trade (used in Simple or Dynamic modes).

• Take Profit (Points or ATR)

  • Take Profit level for the initial entry only (grid trades do not copy TP).

• Stop Loss (Points or ATR)

  • SL applies only to the first trade. If Grid mode is enabled, SL is ignored for grid trades.

🔹 Other Settings

• Expert Magic Number

  • Unique identifier for the EA. Change this if running the bot on multiple charts/symbols.

• Deviation

  • Acceptable slippage in points when sending trade orders.

🔹 Oscillator-Based Entry Settings

These inputs are active only if an oscillator-based signal is selected.

• Oscillator Level for Buy / Sell

  • Set the threshold level to trigger buy/sell (e.g., 30 or 70).

• Oscillator Cross Type for Buy / Sell

  • Define direction of level crossing:

    • Above Level

    • Below Level

🔹 Oscillator Settings

• Williams / RSI / CCI Period

  • The lookback period for these indicators.

• Stochastic K% Period

• Stochastic D% Period

• Stochastic Slowing

  • Classic stochastic configuration values.

🔹 Bollinger Bands Settings

Used only if Bollinger Bands are selected as the entry signal.

• Crossing Band for Buy / Sell

  • Choose whether the price must cross the upper or lower band.

• Bollinger Bands Period

• Bollinger Bands Deviations

  • Standard deviation setting for band calculation.

🔹 Breakout Settings

• Breakout Lookback Bars

  • Number of bars to check for high/low breakout reference.

• Buy Breakout at

  • Choose: Break above High or Low.

• Sell Breakout at

  • Choose: Break below High or Low.

🔹 Fibonacci Pullback Settings

• Entry Percentage of the Pullback

  • Pullback level (from 0.0 to 1.0) to trigger an opposite direction entry.

• Fibonacci Lookback Period

  • Number of bars to define the high/low range for calculating the retracement.