Pending_tread
This EA places a grid of pending orders (buy stops and sell stops) at fixed intervals from the current price, creating a symmetric grid around the market. When price hits a pending order, it enters a position and the grid captures directional moves through cascading entries while using take-profit and stop-loss levels for each order.
Open the interactive view (equity curve, symbol switch)Key facts
Backtest results (H1, about 1 year)
| Symbol | P&L | Annual | Max DD | Trades | Win rate | Sharpe | Recovery | Losing streak | Per trade | Status |
|---|---|---|---|---|---|---|---|---|---|---|
| EURUSD | 0.00% | 0.00% | 0.00% | 0 | — | — | — | — | — | Not convertible yet |
| GBPUSD | 0.00% | 0.00% | 0.00% | 0 | — | — | — | — | — | Not convertible yet |
| USDJPY | 0.00% | 0.00% | 0.00% | 0 | — | — | — | — | — | Not convertible yet |
| XAUUSD | 0.00% | 0.00% | 0.00% | 0 | — | — | — | — | — | Not convertible yet |
Why this EA never traded: no entry rule survived the conversion.
Converted from MQL5 to Python and run with the same rules for every EA. Positions use MT5 lot sizes (100,000 units per FX lot, 100 oz per gold lot) with 1:100 leverage, one order at a time, and a stop-out below 10% of the starting balance. Sharpe is computed from the equity curve. Results marked as unreliable are shown for completeness only.
Blow-up risk: High
- Opens a grid of orders at fixed price steps
- Has no stop loss or trailing stop
High: stopped out in our backtest, or martingale/grid sizing without a stop loss. Elevated: martingale or grid sizing with a stop loss, or several positions at once without a stop loss. What the label means and what we found →
Strategy analysis
This strategy employs a grid trading approach by symmetrically placing buy stop and sell stop pending orders above and below the current price. Entry conditions are purely mechanical - price movement triggers pending orders at each grid level, with no technical indicator used for directional bias. Exit conditions rely on individual take-profit and stop-loss levels set for each order in the grid. Position sizing is controlled through an initial lot parameter and the number of grid levels, with each level using the same fixed lot size. Money management includes parameters for maximum slippage and magic number for order identification, but lacks dynamic lot sizing based on account equity or balance. The strategy profits from trending markets where multiple orders in one direction get triggered consecutively, but suffers in ranging markets where frequent stop-loss hits erode capital.
Strengths
- Simple and clear strategy logic with few parameters, easy to understand and configure
- Grid structure can capture significant profits in trending markets through cascading order triggers
- Each order has an independent stop-loss, capping per-trade risk
Weaknesses
- Symmetric grid lacks directional bias, leading to frequent stop-loss triggers and sustained losses in ranging markets
- No dynamic position sizing - cannot adapt lot size based on account equity or market volatility
- Multiple grid levels held simultaneously create large total risk exposure that may exceed account capacity
- No new bar check mechanism, potentially placing duplicate orders on the same bar
Possible improvements
- Add a trend filter indicator (e.g., moving average or ATR) to give the grid a directional bias and reduce counter-trend pending orders
- Implement a dynamic money management module that adjusts lot size and grid spacing based on account balance and ATR volatility
Risk assessment
Overall risk: High risk
- Multiple simultaneous grid positions create uncontrolled total risk exposure; extreme market moves could trigger all stop-losses
- No account-level overall stop-loss or maximum drawdown protection; prolonged ranging markets can slowly deplete account funds
- No check on existing position count, potentially leading to duplicate orders and position stacking
Evaluation scores
Parameters
| Parameter | Default | Description |
|---|---|---|
Lots | 0.1 | Lot size per pending order |
GridSteps | 5 | Grid levels (pending orders placed above and below) |
GridDistance | 50 | Grid spacing in points |
TakeProfit | 100 | Overall grid profit target in currency |
StopLoss | 50 | Stop loss in pips per order |
MaxSlippage | 3 | Maximum allowed slippage |
MagicNumber | 123456 | Order magic number to identify this EA's orders |
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Backtests are historical simulations and do not guarantee future results. Not financial advice.