Royaluz

Royaluz

Robot Name: ROYAL MT5
Platform: MetaTrader 5
Version: 1.00
Author: Royal MT5

Main Function:
Royal MT5 is a professional Trend Grid Trading Expert Advisor using a Martingale strategy. It automatically closes trades when the floating take profit target is reached and identifies the trend using candlestick analysis.

Strategy Features:

1. Trend Detection:
   • Uses the last 3 candles (configurable) to determine trend.
   • Trend filter can be turned ON/OFF.
   • Avoids false signals from Doji candles.
2. Grid & Martingale:
   • Initial lot: 0.01 (adjustable)
   • Lot multiplier: 1.43
   • Maximum lot: 1.0
   • Grid distance: 100 pips (adjustable)
   • Martingale increases lot size for subsequent trades
3. Take Profit & Risk:
   • Floating TP: Closes all positions when total profit reaches a preset USD amount (e.g., $3).
   • Martingale strategy is high-risk, proceed with caution.
4. Automatic Operation:
   • Works on every new candle.
   • First trade opens after the trend is detected.
   • Grid trades automatically open if the price moves the specified distance.
5. Dashboard & Monitoring:
   • Displays total lots, positions count, profit, and trend status.
   • If the trend is not locked, the EA waits for a new trend.
6. Safety & Margin Checks:
   • Checks lot size and margin.
   • If margin is insufficient, lot size is reduced or trade is canceled.

Usage Recommendations:

• Test the EA on a demo account first.
• The Martingale strategy can lead to large losses, so use cautiously.
• Adjust grid distance and lot multiplier according to market conditions.