Zen Master Grid EA – User Guide
Overview
Zen Master Grid EA combines Bollinger Bands, RSI filter, and a Grid System to exploit
mean-reversion opportunities.
• It starts a grid when the price stretches outside Bollinger Bands with RSI confirmation.
• Additional trades are opened at fixed steps against adverse moves.
• Supports basket take-profit/stop-loss and optional per-position SL/TP.
Entry Logic
• Long Entry (start Buy grid):
o Price closes below the Lower Bollinger Band
o RSI ≤ Oversold threshold (default 30)
• Short Entry (start Sell grid):
o Price closes above the Upper Bollinger Band
o RSI ≥ Overbought threshold (default 70)
• Only one grid direction is active at a time (no Buy + Sell simultaneously).
Grid Expansion
• After the first entry, EA adds trades if price moves adversely by GridStepPoints ×
current grid size.
• Lot size can remain fixed or grow via LotMultiplier.
• Maximum number of grid trades is limited by MaxGridLevels.
Exit Logic
1. Basket Take Profit (TP):
All trades close when combined floating profit ≥ BasketTP_Currency.
2. Basket Stop Loss (SL):
All trades close when combined floating profit ≤ BasketSL_Currency.
3. Optional per-position SL/TP:
If enabled, each trade has its own stop/target in points.Recommended Usage
• Pairs: EURUSD, GBPUSD, XAUUSD (Gold), indices.
• Timeframes: M15 to H1 (grid systems work better on calm/mid-range TFs).
• Accounts: Best used with hedging accounts and adequate margin.
• Risk: Start with small lot sizes and wide grid steps to avoid overexposure.
• Always backtest and forward test before running on live.
Example Settings (EURUSD M15)
• InitialLots: 0.10
• LotMultiplier: 1.2
• MaxGridLevels: 6
• GridStepPoints: 250
• BasketTP_Currency: 15
• BasketSL_Currency: -50
• RSI_Period: 14 (OB = 70, OS = 30)
• Bollinger Bands: Period 20, Deviation 2.0