CryptoForex Robot Documentation

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📊 44 Ronins CryptoForex EA - Complete Documentation

Platform: MetaTrader 5

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44 RONINS EA — Official User Documentation

Expert Advisor for MetaTrader 5 | Version 2.00 | Copyright 2025, 44 Ronins

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44 Ronins EA is a sophisticated, multi-layered grid Expert Advisor built for MetaTrader 5. It combines dynamic pending order placement, flexible lot sequencing, intelligent trade management, and a proprietary Dynamic Drawdown Brake System to deliver a comprehensive automated trading solution.

The EA is designed for traders who require fine-grained control over grid spacing, lot progression, risk management, and drawdown mitigation — all within a single, cohesive system.

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✦ Key Capabilities

Grid-based pending order placement with up to 11 order type combinations
7 lot-sizing sequences: Same, Linear, GP, Fibonacci, Triangle, Square, Cube
7 grid-spacing sequences with identical flexibility
Dynamic Drawdown Brake System — automated hedging response to drawdown events
Trailing stop and breakeven management for both normal and hedge positions
Auto-scaling for lot size, order count, and price ranges
Daily profit target and maximum drawdown circuit breakers
Account licence and expiry management built-in

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1. How the EA Works

1.1 Grid Placement

On initialisation the EA calculates a grid of pending orders above and/or below the current market price. The first order is placed at a configurable gap (First Order Gap) from the current price; all subsequent orders are spaced according to the selected Grid Type sequence.

When the number of active orders falls below the Deficit Count threshold, or when the price moves beyond the Auto Refresh Level, the pending order grid is automatically rebuilt around the new market price — keeping the EA continuously engaged with the market.

1.2 Lot Progression

Each order in the grid can carry a different lot size based on the selected Lot Type. This allows strategies ranging from flat sizing (Same) through to aggressive multiplier-based approaches (GP, Fibonacci, Cube). The lot size is calculated fresh for each order index in the sequence.

1.3 Trade Lifecycle

Once positions are open the EA continuously monitors floating profit. When combined profit reaches the Target ($) value, all positions are closed and the cycle restarts. Stop-loss, take-profit, trailing stop, and breakeven rules are applied per-position on every tick.

1.4 Dynamic Drawdown Brake System

The Brake System is an advanced risk-mitigation layer. When the account equity drawdown exceeds a configurable threshold, the EA automatically places a hedge trade of equal volume to the net position. The hedge remains open until its profit meets a multiplied recovery target — effectively absorbing drawdown before releasing and allowing normal grid trading to resume.

Each successive drawdown event increments the trigger threshold by a configurable amount, allowing the system to adapt to deepening drawdown scenarios. Full trailing and breakeven management is also applied to hedge positions independently from normal positions.

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2. Getting Started

2.1 Installation

Copy the compiled EA (.ex5) file to: <MetaTrader 5 Data Folder>\MQL5\Experts\
Restart MetaTrader 5 or press F5 in the Navigator to refresh.
Drag the EA from the Navigator panel onto the desired chart.
Configure parameters in the EA properties dialogue and click OK.

2.2 Licence Verification

The EA includes a built-in licence and expiry system. On loading, the EA verifies the current account number against the allowed account list and checks the expiry date. If verification fails, the EA will display an alert and remove itself from the chart.

📩 Contact the developer to obtain or renew a licence — see Section 10 for details.

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3. Input Parameters Reference

3.1 General Settings

Parameter	Default	Type	Description
`magic`	7192025	Integer	Unique identifier for this EA’s orders. Change if running multiple instances.
`order_mode`	BUY_LIMIT	Enum	Order type combination to place. See Section 4 for the full list.
`lot_type`	SAME	Enum	Lot sizing sequence applied across the grid.
`lot`	0.01	Double	Base lot size for the first order (and all orders when lot_type = SAME).
`lot_multiplier`	2	Double	Multiplier or adder used with LINEAR and GP lot types.
`calc_mode`	USE_POINTS	Enum	Whether pip/grid values are interpreted as Points or Pips (Points × 10).
`SL`	0	Double	Stop loss distance. Set 0 to disable.
`TP`	10	Double	Take profit distance. Set 0 to disable.
`comment`	44 Ronins EA	String	Comment attached to all orders placed by this EA.
`send_alert`	true	Bool	Enable/disable alert popups for key events (target hit, etc.).

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3.2 Trailing & Breakeven — Normal Positions

Parameter	Default	Type	Description
`use_trail_on_norms`	true	Bool	Enable trailing stop for normal (non-hedge) positions.
`trailing_start_norms`	20	Double	Distance price must move into profit before trailing begins.
`trailing_step_norms`	20	Double	Distance at which the trailing stop is set behind the current price.
`use_breakeven_on_norms`	true	Bool	Enable automatic breakeven for normal positions.
`breakeven_at_norms`	20	Double	Distance price must move into profit before stop is moved to entry.
`breakeven_extra_norms`	0	Double	Extra pips/points above entry to set the breakeven stop.

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3.3 Grid Configuration

Parameter	Default	Type	Description
`initial_account_mode`	ACC_BAL	Enum	Use Account Balance or Account Equity as the starting reference.
`grid_type`	SAME	Enum	Grid spacing sequence (mirrors Lot Type options).
`first_gap`	10	Double	Distance from market price to the first pending order.
`grid`	20	Double	Base spacing between subsequent orders.
`grid_multiplier`	2	Double	Multiplier or adder used with LINEAR and GP grid types.
`no_of_orderss`	300	Integer	Total number of pending orders to place per direction.
`recreate_pending_orders`	true	Bool	Automatically rebuild pending orders when deficit threshold is met.
`deficit_count`	20	Integer	Minimum missing orders required before grid is rebuilt.
`pause_count`	10	Integer	How many grid recreations are allowed before pausing. Set 0 to disable.
`auto_refresh_level`	10	Double	Price movement from last reference point required to trigger grid refresh.

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3.4 Auto-Scaling — Order Count

Parameter	Default	Type	Description
`use_auto_scale_pending_no`	false	Bool	Enable automatic increase/decrease of the order count.
`auto_scale_pending_increment`	6	Integer	Amount to add/subtract from order count on each scale event.
`auto_scale_pending_move`	100	Double	Price move (pips/points) required to trigger an order-count scale event.

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3.5 Auto-Scaling — Volume

Parameter	Default	Type	Description
`auto_scale_active_buy_vol`	false	Bool	Automatically increase maximum active buy volume as price rises.
`buy_size`	0.1	Double	Maximum total active buy volume. Set 0 to disable the cap.
`auto_buy_size`	0.05	Double	Volume increment added per buy scaling event.
`auto_buy_size_move`	10	Double	Price move required to trigger a buy volume scale event.
`auto_scale_active_sell_vol`	false	Bool	Automatically increase maximum active sell volume as price falls.
`sell_size`	0.1	Double	Maximum total active sell volume. Set 0 to disable the cap.
`auto_sell_size`	0.05	Double	Volume increment added per sell scaling event.
`auto_sell_size_move`	10	Double	Price move required to trigger a sell volume scale event.

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3.6 Auto-Scaling — Range & Lot Size

Parameter	Default	Type	Description
`upper_range`	0	Double	Upper price boundary for order placement. Orders outside range are skipped. Set 0 to disable.
`lower_range`	0	Double	Lower price boundary for order placement.
`use_auto_scale_range`	false	Bool	Dynamically expand the range as price moves.
`auto_scale_range_move`	10	Double	Price move (pips) required to expand range boundary.
`use_auto_scale`	false	Bool	Enable lot-size auto-scaling based on price movement.
`auto_lot_increment`	0.01	Double	Lot size added or removed per auto-scale event.
`auto_scale_price_move`	100	Double	Price move required to trigger a lot-size scale event.
`max_auto_scale_lot`	0.5	Double	Upper limit for auto-scaled lot size.

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3.7 Profit Order Replacement (POR)

Parameter	Default	Type	Description
`buy_por`	0	Double	Minimum distance to nearest buy order before grid is re-centred. Set 0 to disable.
`sell_por`	0	Double	Minimum distance to nearest sell order before grid is re-centred. Set 0 to disable.

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3.8 Risk & Cycle Management

Parameter	Default	Type	Description
`target`	50	Double	Net profit target ($) for one full cycle. Closes all trades when reached.
`max_target_hit`	0	Integer	Maximum number of target hits per day. Set 0 for unlimited.
`profitable_trades`	10	Integer	Close all profitable positions when this many are simultaneously in profit. Set 0 to disable.
`lossing_trades`	10	Integer	Close all profitable positions when this many are simultaneously in loss. Set 0 to disable.
`max_ddd`	10	Double	Maximum drawdown (%) before all trades are closed and EA pauses. Set 0 to disable.
`daily_tp`	1	Double	Daily profit target (% of balance). Closes all trades when reached. Set 0 to disable.
`resume_duration`	24	Double	Minutes to pause before resuming after a target or drawdown trigger.

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4. Order Type Modes

The order_mode parameter determines which combination of pending order types the EA places on each cycle.

Mode	Description
`BUY_LIMIT`	Places buy limit orders below market price only.
`BUY_STOP`	Places buy stop orders above market price only.
`SELL_LIMIT`	Places sell limit orders above market price only.
`SELL_STOP`	Places sell stop orders below market price only.
`BUY_LIMIT_AND_SELL_LIMIT`	Places buy limits below and sell limits above simultaneously (range trading).
`BUY_STOP_AND_SELL_STOP`	Places buy stops above and sell stops below (breakout trading).
`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 (combined buy grid).
`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 (combined sell grid).
`BUY_SELL_LIMIT_AND_BUY_SELL_STOP`	Full four-way grid: buy/sell limits and buy/sell stops simultaneously.

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5. Lot Type & Grid Type Sequences

Both lot_type and grid_type share the same seven sequence options. The index (i) represents the order’s position in the sequence, starting at 0.

Type	Formula	Behaviour
`SAME`	`lot`	Every order uses the same base lot/grid size. Simple and predictable.
`LINEAR`	`lot + (i × multiplier)`	Each successive order increases by a fixed increment. Arithmetic progression.
`GP`	`lot × multiplier^i`	Exponential growth. Each order is multiplied by the multiplier. Martingale-style.
`FIBONACCI`	`F(i) × lot`	Lot/grid follows the Fibonacci sequence (1, 1, 2, 3, 5, 8…). Natural progression.
`TRIANGLE`	`(n(n+1) / 2) × lot`	Triangular numbers (1, 3, 6, 10, 15…). Moderate acceleration.
`SQUARE`	`n² × lot`	Square numbers (1, 4, 9, 16, 25…). Faster acceleration than Triangle.
`CUBE`	`n³ × lot`	Cubic numbers (1, 8, 27, 64…). Very aggressive escalation — use with caution.

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6. Dynamic Drawdown Brake System

The Brake System is the EA’s core risk-management layer. It monitors account equity in real time and, when a drawdown threshold is crossed, automatically places a hedge trade to offset and recover the loss.

6.1 Brake System Parameters

Parameter	Default	Type	Description
`use_brake_system`	true	Bool	Master switch for the entire Brake System.
`brake_initial_trigger`	50	Double	Initial equity drawdown ($) that activates the first brake.
`brake_multiplier`	1.5	Double	Hedge profit must reach (drawdown × multiplier) before brake releases.
`brake_buffer_increment`	20	Double	Amount added to the trigger threshold after each brake event.
`brake_full_recovery_threshold`	0.5	Double	Equity recovery % at which all positions are closed (if close-all-on-recovery is enabled).

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6.2 Hedge Trade Settings

Parameter	Default	Type	Description
`hedge_SL`	0	Double	Stop loss for standard brake hedge orders. Set 0 to disable.
`hedge_TP`	0	Double	Take profit for standard brake hedge orders. Set 0 to disable.
`max_dd_hedge_SL`	0	Double	Stop loss applied when hedge is triggered by max drawdown condition.
`max_dd_hedge_TP`	0	Double	Take profit applied when hedge is triggered by max drawdown condition.
`maxdd_increament_after_BE`	1	Double	Multiplier applied to max drawdown level after breakeven is hit.

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6.3 Trailing & Breakeven — Hedge Positions

Parameter	Default	Type	Description
`use_trail_on_hedge`	true	Bool	Enable trailing stop for brake hedge positions.
`trailing_start`	20	Double	Distance price must move in profit before hedge trailing begins.
`trailing_step`	20	Double	Distance at which the hedge trailing stop is set.
`use_breakeven_on_hedge`	true	Bool	Enable breakeven management for hedge positions.
`breakeven_at`	20	Double	Distance into profit before breakeven is applied to the hedge.
`breakeven_extra`	0	Double	Extra pips/points above entry for hedge breakeven stop.
`use_maxdd_breakeven_on_hedge`	true	Bool	Apply breakeven logic to max-drawdown hedge positions.
`maxdd_breakeven_at`	20	Double	Profit distance required before max-DD hedge breakeven applies.
`maxdd_breakeven_extra`	0	Double	Extra pips above entry for max-DD hedge breakeven.

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6.4 Brake System — Logic Flow

Step	Action
Step 1	Every tick: current equity is compared to the reference equity (set at cycle start).
Step 2	If equity has fallen by ≥ `brake_initial_trigger` ($), the Brake is activated.
Step 3	The EA calculates the net open position (buy volume minus sell volume).
Step 4	A hedge trade equal in size to the net position is placed in the opposite direction.
Step 5	All pending orders are deleted. Normal trading pauses.
Step 6	The hedge trade’s profit is monitored every tick.
Step 7	When hedge profit ≥ (drawdown at trigger × `brake_multiplier`), the hedge is closed.
Step 8	Trigger threshold increments by `brake_buffer_increment`. Normal trading resumes.

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7. Example Configurations

Example 1 — Conservative Range Trading

Suitable for: Ranging instruments, H1 timeframe, lower risk appetite.

Parameter	Value
`order_mode`	BUY_LIMIT_AND_SELL_LIMIT
`lot_type`	SAME
`lot`	0.01
`grid`	20
`no_of_orderss`	20
`target`	30
`use_brake_system`	true
`brake_initial_trigger`	30
`brake_multiplier`	1.5
`max_ddd`	10
`daily_tp`	2

This configuration places symmetrical buy and sell limit orders around the current price with flat lot sizing. The small target and daily TP cap control total exposure, while the Brake System provides a safety net against larger swings.

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Example 2 — Breakout with Linear Escalation

Suitable for: Trending markets, breakout strategies, moderate risk.

Parameter	Value
`order_mode`	BUY_STOP_AND_SELL_STOP
`lot_type`	LINEAR
`lot`	0.01
`lot_multiplier`	0.01
`grid`	15
`grid_type`	LINEAR
`grid_multiplier`	5
`no_of_orderss`	10
`use_trail_on_norms`	true
`trailing_start_norms`	30
`trailing_step_norms`	20
`use_brake_system`	true
`brake_initial_trigger`	50
`brake_multiplier`	2

Buy and sell stops are placed above and below the market to catch breakouts. Both lot size and grid spacing grow linearly, so orders further from entry capture larger moves with increasing size. Trailing stops lock in profits as the breakout extends.

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Example 3 — Fibonacci Recovery Grid

Suitable for: Experienced traders, higher capitalised accounts, higher risk tolerance.

Parameter	Value
`order_mode`	BUY_LIMIT
`lot_type`	FIBONACCI
`lot`	0.01
`grid`	20
`no_of_orderss`	8
`target`	100
`use_brake_system`	true
`brake_initial_trigger`	80
`brake_multiplier`	1.5
`use_breakeven_on_norms`	true
`breakeven_at_norms`	30

Buy limits placed below market using Fibonacci lot sequencing. As price dips further, later orders carry significantly larger sizes, allowing a modest recovery move to return the cycle to profit. Breakeven management protects early orders that fill profitably.

⚠️ Risk Warning: Fibonacci, Square, and Cube lot types escalate quickly. Ensure adequate capital and always test on a demo account first.

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8. Best Practices & Tips

Always demo test first — validate your configuration on a demo account before going live.
Set max_ddd to a realistic drawdown limit (e.g. 10–20%) to prevent runaway losses.
Use daily_tp to lock in profits and prevent overtrading on volatile days.
Limit order count with aggressive lot types — when using GP or Cube, keep no_of_orderss small (5–10). Lot sizes grow rapidly and margin requirements can escalate unexpectedly.
Set a non-zero resume_duration to give markets time to settle after a drawdown or target event before re-engaging.
Use a unique magic number per chart instance when running on multiple symbols simultaneously.
Calibrate the Brake System — brake_initial_trigger is most effective when set to approximately 20–30% of the typical cycle target value.
Use upper_range and lower_range to restrict orders to a specific price zone during known support/resistance levels.

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9. Support & Contact

For technical support, EA modifications, custom development, or licence enquiries, please contact the developer directly:


Developer
Email
WhatsApp

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