{"id":4826,"date":"2020-07-03T12:01:00","date_gmt":"2020-07-03T09:01:00","guid":{"rendered":"https:\/\/roboforex.com\/blog\/?p=4826"},"modified":"2026-05-26T10:51:44","modified_gmt":"2026-05-26T07:51:44","slug":"testing-grid-expert-advisor-setka-limit","status":"publish","type":"post","link":"https:\/\/roboforex.com\/blog\/2020\/07\/03\/testing-grid-expert-advisor-setka-limit\/","title":{"rendered":"Testing Grid Expert Advisor Setka Limit"},"content":{"rendered":"\n

Today, we will talk about a grid trading algorithm; it is peculiar in the sense that it is more meant for speeding-up the deposit and is based on luck. Hence, it will not suit those who count on smooth and stable work. The Setka Limit<\/strong> expert advisor<\/a> is a robot that only trades pending limit orders and is solely based on mathematical calculations.<\/p>\n\n\n\n

<\/span>Trading algorithm of Setka Limit<\/span><\/h2>\n\n\n\n

The name of the expert advisor makes it clear that the trading algorithm places a grid of orders and works with them when they are triggered, moving the Stop Losses<\/a> and placing reversed orders of larger volume.<\/p>\n\n\n\n

There are quite a lot of expert advisors with such tactics as the grid strategy may be realized in several ways. This version differs from others because it trades only limit orders in both directions at once, i.e. common buying and selling positions are monitored separately.<\/p>\n\n\n\n

Note that the grid is “trending up”, i.e. each next averaging order<\/a> has a larger volume (usually 2 times larger) than the previous one. Many might argue that this is an ordinary Martingale<\/a>, and there is nothing good to expect from it. However, when you master the trading system you will see how important it is to increase the lot<\/a> in this case. I have also warned you that it is fully based on mathematical calculations.<\/p>\n\n\n\n

I did not manage to get the initial code of the expert advisor, so I had to study its work right in the MetaTrader 4 <\/a>strategy tester. Judging by the results of testing, right after you add the expert advisor to the chart, it places the nearest limit orders for buy and sale; it places them so close that they are triggered at once, so it seems that the orders have been open by the market.<\/p>\n\n\n\n

At a certain distance from the point where it opened the first orders, Setka Limit places 2 more buying and selling limit orders (respectively). The distance to those far orders is calculated automatically based on the current volatility<\/a> of the currency pair<\/a>, thus this distance changes constantly and may not be set once and forever.<\/p>\n\n\n\n

Setka Limit places neither Stop Losses nor Take Profits<\/a>. After one of the “far” orders is triggered – suppose a selling limit order – the open buying order is transferred to the breakeven, and on the chart, a mark appears at the breakeven level for the two open selling orders. It is easy to guess that this mark is closer to the second order.<\/p>\n\n\n\n

Then all orders are closed by the built-in algorithm and all pending orders<\/a> are deleted from the account. Then the trading algorithm starts the process again – from the moment you’ve installed the expert advisor on the chart.<\/p>\n\n\n\n

<\/span>Technical characteristics of Setka Limit<\/span><\/h2>\n\n\n\n

This robot does not have any special requirements, just remember that your account may experience drawdowns while you are trading, so match the size of your deposit and the lot so that the former withstood the load.<\/p>\n\n\n\n

Trading the minimal lot, you may start with just 100 USD regardless of the chosen timeframe<\/a> because it does not influence the work of this robot in any way as Setka Limit is based on the distance between orders in points.<\/p>\n\n\n\n

The most important thing is to have leverage<\/a> because the expert advisor averages sometimes, so it must always have a marginal “space” on your account.<\/p>\n\n\n\n

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Top trading conditions with a Prime account<\/p>\n

Low commissions, spreads starting from 0 pips, leverage up to 1:300, and execution in as fast as 0.1 sec<\/p>\n <\/div>\n

\n \"prime-account\"\n <\/div>\n Open Prime Account<\/a>\n <\/div>\n
\n \"prime-account\"\n <\/div>\n <\/div>\n\n\n\n

<\/span>Setka Limit parameters<\/span><\/h2>\n\n\n\n