📊 44 Ronins CryptoForex EA - Complete Documentation

Platform: MetaTrader 5

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🎯 Overview

The 44 Ronins EA is a sophisticated grid trading Expert Advisor for MetaTrader 5 that automatically places pending orders at specified intervals and manages positions based on various profit/loss conditions.

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⚙️ Input Parameters Guide

🔢 Basic Settings

Magic Number

Default:

Purpose: Unique identifier for trades opened by this EA.

💡 Example: If you run multiple EAs on the same account, each should have a different magic number (e.g., 7192025, 8901234) to prevent conflicts.

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Order Types Mode

Default: BUY_LIMIT

Purpose: Determines which type of pending orders the EA will place.

Available Options:

BUY_LIMIT - Places buy orders below current price
BUY_STOP - Places buy orders above current price
SELL_LIMIT - Places sell orders above current price
SELL_STOP - Places sell orders below current price
BUY_LIMIT_AND_SELL_LIMIT - Places both buy limits (below) and sell limits (above)
BUY_STOP_AND_SELL_STOP - Places both buy stops (above) and sell stops (below)
BUY_STOP_AND_SELL_LIMIT - Places buy stops above and sell limits above
BUY_LIMIT_AND_BUY_STOP - Places buy limits below and buy stops above
BUY_LIMIT_AND_SELL_STOP - Places buy limits below and sell stops below
SELL_LIMIT_AND_SELL_STOP - Places sell limits above and sell stops below
BUY_SELL_LIMIT_AND_BUY_SELL_STOP - Places all four order types

💡 Example: Select BUY_LIMIT_AND_SELL_LIMIT for a two-way grid that catches price movements in both directions.

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📈 Lot Management

Lot Type

Default: SAME

Purpose: Controls how lot sizes increase as more orders are placed.

Available Options:

Option	Description	Example Progression
`SAME`	All orders use same lot size	0.01, 0.01, 0.01…
`LINEAR (AP)`	Increases by fixed amount	0.01, 0.03, 0.05, 0.07…
`GP (Multiplier)`	Multiplies by factor	0.01, 0.02, 0.04, 0.08…
`FIBONACCI`	Fibonacci sequence	0.01, 0.01, 0.02, 0.03, 0.05…
`TRIANGLE`	Triangular numbers	0.01, 0.03, 0.06, 0.10…
`SQUARE`	Squared numbers	0.01, 0.04, 0.09, 0.16…
`CUBE`	Cubed numbers	0.01, 0.08, 0.27, 0.64…

💡 Example: Use SAME for conservative trading, or GP with multiplier 1.5 for martingale-style lot progression.

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Lotsize

Default: 0.01

Purpose: The initial/base lot size for trades.

💡 Example:

$1,000 account → Start with 0.01 lots
$10,000 account → Start with 0.1 lots

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Lot Multiplier/Adder

Default: 2

Purpose: The increment or multiplier applied when lot type is not SAME.

💡 Examples:

With LINEAR and multiplier 0.01: lots go 0.01, 0.02, 0.03, 0.04…
With GP and multiplier 2: lots go 0.01, 0.02, 0.04, 0.08…

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📏 Trade Calculation

Trade Calculation Mode

Default: USE_POINTS

Purpose: Determines whether distances are measured in pips or points.

Available Options:

USE_PIPS - For 4-digit brokers (1 pip = 10 points)
USE_POINTS - For 5-digit brokers (1 point = smallest price change)

💡 Example: If your EURUSD shows 1.10523, you have a 5-digit broker - use USE_POINTS.

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Stoploss

Default: 0 (Disabled)

Purpose: Stoploss distance from entry price. Set to 0 to disable.

💡 Example: SL = 50 with USE_POINTS places stop loss 50 points (5 pips on 5-digit) from entry.

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Takeprofit

Default: 10

Purpose: Takeprofit distance from entry price. Set to 0 to disable.

💡 Example: TP = 100 means each order closes at 100 points profit (10 pips on 5-digit broker).

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🎲 Grid Settings

Grid Type

Default: SAME

Purpose: Controls how spacing between orders changes.

Available Options: Same as Lot Type (SAME, LINEAR, GP, FIBONACCI, TRIANGLE, SQUARE, CUBE)

💡 Example: SAME keeps equal spacing. LINEAR with multiplier 10 makes gaps: 20, 30, 40, 50 points…

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First Order Gap

Default: 10

Purpose: Distance of the very first pending order from current price.

💡 Example: first_gap = 50 places the first order 50 points away from market price.

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Pending Order Gap

Default: 20

Purpose: Base distance between subsequent pending orders.

💡 Example: With grid = 100 and grid type SAME, orders are placed every 100 points.

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Gap Multiplier/Adder

Default: 2

Purpose: Increment/multiplier for grid spacing when grid type is not SAME.

💡 Example: With GP grid type and multiplier 1.5: gaps are 20, 30, 45, 67.5 points…

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Number of Orders

Default: 300

Purpose: Total number of pending orders to place.

💡 Example: no_of_orderss = 100 places 100 pending orders (or 50 buy + 50 sell if using two-way mode).

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🔄 Auto-Scaling Features

Use Auto Scale Number of Orders

Default: false

Purpose: Automatically adjusts the number of pending orders based on price movement.

💡 Example: Set to true to dynamically increase orders when price moves up, decrease when it moves down.

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Auto Scale Number of Orders Increment

Default: 6

Purpose: How many orders to add/remove at each auto-scale trigger.

💡 Example: auto_scale_pending_increment = 10 adds/removes 10 orders each time the price moves significantly.

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Auto Scale Number of Orders Price Move

Default: 100

Purpose: Price movement in points/pips that triggers order number adjustment.

💡 Example: auto_scale_pending_move = 200 means every 200 points, the EA adjusts the order count.

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🔁 Grid Recreation Settings

Recreate Pending Orders

Default: true

Purpose: Allows EA to delete and recreate pending orders as price moves.

💡 Example: Set to false if you want orders to stay at their original prices without adjustment.

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Deficit Count

Default: 20

Purpose: Minimum number of missing orders before EA recreates the grid.

💡 Example: deficit_count = 30 means EA won’t recreate orders until 30 orders are missing from the grid.

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Pause Cycle Count

Default: 10

Purpose: Maximum number of times EA will recreate orders. Set to 0 to disable.

💡 Example: pause_count = 5 allows only 5 grid recreations, then stops recreating until reset.

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📊 Volume Management

Auto Scale Active Buy Volume

Default: false

Purpose: Dynamically adjusts maximum allowed buy volume based on price movement.

💡 Example: Enable to increase buy exposure when price moves up, decrease when it moves down.

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Maximum Active Buy Volume

Default: 0.1

Purpose: Maximum total buy lot size allowed. Set to 0 to disable limit.

💡 Example: buy_size = 0.5 prevents total buy positions from exceeding 0.5 lots.

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Auto Scale Buy Volume Increment

Default: 0.05

Purpose: Amount to increase/decrease maximum buy volume at each trigger.

💡 Example: auto_buy_size = 0.1 adjusts the buy limit by 0.1 lots each time.

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Auto Scale Buy Size Move

Default: 10

Purpose: Price movement that triggers buy volume adjustment.

💡 Example: auto_buy_size_move = 50 adjusts buy limits every 50 points of price movement.

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Auto Scale Active Sell Volume

Default: false

Purpose: Same as buy volume auto-scaling but for sell positions.

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Maximum Active Sell Volume

Default: 0.1

Purpose: Maximum total sell lot size allowed. Set to 0 to disable limit.

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Auto Scale Sell Volume Increment

Default: 0.05

Purpose: Amount to increase/decrease maximum sell volume at each trigger.

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Auto Scale Sell Size Move

Default: 10

Purpose: Price movement that triggers sell volume adjustment.

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🎯 Range Settings

Upper Range

Default: 0 (Disabled)

Purpose: Upper price boundary. EA recreates orders when price goes above this level.

💡 Example: upper_range = 1.2000 for EURUSD recreates grid when price exceeds 1.2000.

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Lower Range

Default: 0 (Disabled)

Purpose: Lower price boundary. EA recreates orders when price goes below this level.

💡 Example: lower_range = 1.1000 recreates grid when price drops below 1.1000.

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Auto Refresh Order Level

Default: 10

Purpose: Minimum price movement from last grid creation before allowing new recreation.

💡 Example: auto_refresh_level = 100 prevents grid recreation unless price moved 100 points.

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💰 Profit Management

Target

Default: 50

Purpose: Profit target in dollars. EA closes all trades when reached. Set to 0 to disable.

💡 Example: target = 100 closes everything and resets when $100 profit is achieved.

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Buy POR (Point of Refresh)

Default: 0 (Disabled)

Purpose: Recreates buy orders when nearest buy order is this far from current price.

💡 Example: buy_por = 500 refreshes buy grid when closest buy order is 500 points away.

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Sell POR

Default: 0 (Disabled)

Purpose: Recreates sell orders when nearest sell order is this far from current price.

💡 Example: sell_por = 300 refreshes sell grid when closest sell order is 300 points away.

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📈 Advanced Auto-Scaling

Use Auto Scale

Default: false

Purpose: Automatically adjusts base lot size based on price movement.

💡 Example: Enable to increase lot sizes when price trends strongly in one direction.

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Auto Scale Lotsize Increment

Default: 0.01

Purpose: Amount to increase base lot size at each auto-scale trigger.

💡 Example: auto_lot_increment = 0.02 increases lot size by 0.02 each trigger.

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Auto Scale Price Move

Default: 100

Purpose: Price movement that triggers lot size auto-scaling.

💡 Example: auto_scale_price_move = 200 increases lots every 200 points of price movement.

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Auto Scale Maximum Lotsize

Default: 0.5

Purpose: Cap on how large the auto-scaled lot size can grow.

💡 Example: max_auto_scale_lot = 1.0 prevents lot size from exceeding 1.0 lot.

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🛡️ Risk Management

Maximum Time to Hit Target

Default: 0 (Disabled)

Purpose: Maximum number of times target can be hit before EA stops trading.

💡 Example: max_target_hit = 5 allows 5 profit cycles, then stops trading.

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Combined Profitable Orders to Close

Default: 10

Purpose: Closes all profitable trades when this many are in profit. Set to 0 to disable.

💡 Example: profitable_trades = 15 closes all winning trades when 15 positions are profitable.

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Combined Loss Orders to Close

Default: 10

Purpose: Closes all profitable trades when this many losing trades exist. Set to 0 to disable.

💡 Example: lossing_trades = 20 triggers closing winners when 20 trades are in drawdown.

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Maximum Drawdown

Default: 10%

Purpose: Maximum allowed drawdown as percentage of balance. Closes all trades when exceeded.

💡 Example: max_dd = 5 closes everything if floating loss reaches 5% of account balance.

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Daily TP

Default: 1%

Purpose: Daily profit target as percentage of balance. Closes all and stops until next day.

💡 Example: daily_tp = 2 closes everything when 2% daily profit is achieved.

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🔔 Notifications

Send Alert

Default: true

Purpose: Enables/disables popup alerts for important events.

💡 Example: Set to false if you don’t want popup notifications.

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Trade Comment

Default: "44 Ronins EA"

Purpose: Text identifier added to all trades.

💡 Example: Change to “My Grid Bot” to easily identify trades in terminal.

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📋 Pre-Configured Setups

🐢 Conservative Grid Setup

lot = 0.01
lot_type = SAME
grid = 100
grid_type = SAME
no_of_orderss = 50
order_mode = BUY_LIMIT_AND_SELL_LIMIT
target = 20

✅ Risk Level: Low
✅ Best For: Beginners, small accounts
✅ Description: Equal lots and spacing for steady, predictable growth

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🚀 Aggressive Martingale Setup

lot = 0.01
lot_type = GP
lot_multiplier = 2
grid = 50
grid_type = GP
grid_multiplier = 1.5
no_of_orderss = 20

⚠️ Risk Level: High
⚠️ Best For: Experienced traders, larger accounts
⚠️ Description: Increasing lots and expanding grid for faster recovery

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📦 Range-Bound Trading

upper_range = 1.2000
lower_range = 1.1000
recreate_pending_orders = true
deficit_count = 10
order_mode = BUY_LIMIT_AND_SELL_LIMIT

✅ Risk Level: Medium
✅ Best For: Sideways markets
✅ Description: Continuously refreshes grid within defined range

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🎯 Daily Profit Target Setup

daily_tp = 1.5
max_dd = 3
target = 50
send_alert = true

✅ Risk Level: Low-Medium
✅ Best For: Conservative daily traders
✅ Description: Safe daily trading with profit target and risk controls

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⚠️ Important Safety Notes

[!WARNING]
Always test on demo account first before using real money

[!TIP]
Adjust parameters based on volatility - higher volatility needs wider grids

[!CAUTION]
Monitor margin requirements - grid systems can use significant margin

[!NOTE]
Use appropriate lot sizes for your account size

[!IMPORTANT]
Set realistic targets - overly ambitious targets increase risk

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📞 Support & Contact

For questions, support, or feedback, please create a new discussion thread in this forum.

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