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Johnnie Walker is an MT4 expert advisor that opens small trend-following orders, hedges with a locking order when price turns against them, and manages a separate grid with optional volatility-based step adjustment.
Get one message the moment it launches, with its price.
Johnnie Walker is a fully automated expert advisor for MetaTrader 4. It starts with small orders in the direction of the current move, adds a hedging order if the market turns, and then runs a dedicated grid to work the position back out. Several inputs let you limit how aggressive that process is.
The first stage uses what the settings call rebate orders. A small order is opened, and when its take profit is reached a new one is opened in the same direction. This repeats for as long as price keeps moving the same way, so each short leg is banked separately instead of waiting for one large target.
If price reverses against the open order, the expert advisor places an opposite order after a distance set by the lock step. A wider lock step usually means a smaller drawdown and fewer trades before the hedge, but the hedge also arrives later. Each locking order then gets its own grid, which is closed separately from the rest. The grid only activates if price does not continue in the direction of the first trade after the lock is placed.
Orders in the grid are spaced by the grid step, optionally scaled by a multiplier so that each level sits further from the last. Setting the multiplier to zero gives a fixed step. With the indicator multiplier switched on, the expert advisor reads ATR or CCI and widens the step when volatility rises, and narrows it when the market is quiet so that more trades can be opened in a range.
Grid orders can be closed all together, as the last two orders, or as the first and last. You can also set a grid take profit, a stop loss (zero turns it off), and a profit trail with its own start, distance and step. The trail can follow all grid orders or only the last one.
The description does not fix a single symbol or chart period. Forex pairs are the natural fit, and the indicator choice matters: ATR is said to suit pairs such as EURUSD. Check the behaviour on your own symbol and timeframe in the Strategy Tester and on a demo account before trading live funds.
The main inputs are listed below. Default values are not given here, so check the inputs tab after attaching the expert advisor and read each value before trading.
| Input | Purpose |
|---|---|
| Rebate lot | Lot size for the first order and the small same-direction orders |
| Rebate TP | Take profit for the small orders |
| Type close | How grid orders are closed: all, last two, or first and last |
| Lock step | Distance from the first order in drawdown to the opposite order |
| Grid step and multipliers | Spacing and growth of the grid levels |
| Use indicator multiplier, Indic, Period, Normal level | Automatic step adjustment using ATR or CCI |
| Grid maximum orders | Caps the number of grid orders; fewer orders limit drawdown |
| Grid take profit and stop loss | Exit levels for the grid; zero disables them |
| News | Pauses trading around chosen news importance levels |
| Trailing inputs | Type, start, trail distance and step for profit trailing |
Grid and hedging methods can hold several positions at once, and drawdown can grow quickly in a strong, one-sided market. Use a lot size and a maximum grid depth that your account can tolerate.
Trading carries risk, and you can lose some or all of your capital. Past results, including any backtest, do not predict future ones. Test on a demo account first.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 4 (expert advisor) |
| Strategy focus | Trend, Grid |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor, fully automated |
| Trade style | Trend following with hedging lock and grid recovery |
| Volatility filter | ATR or CCI, selectable in settings |
| Markets | Forex pairs; check which symbols suit your broker and settings |
| Timeframes | Not fixed here; test on your chosen chart before live use |
| News filter | Optional; needs WebRequest permission for the news site |
| Requirements | Account that allows opposite (hedging) positions, VPS advised |
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No. This listing is for MetaTrader 4. It will not load in MetaTrader 5, so make sure your broker account is on MT4 before buying.
It needs an account that allows opposite positions on the same symbol, because the locking order is a hedge. Some brokers or regions restrict this, so confirm with your broker. Spread, commission and execution quality also affect how a grid behaves.
In MT4 go to Tools, Options, Expert Advisors, tick Allow WebRequest for listed URL and add ec.forexprostools.com. Then choose which news importance levels should pause trading in the expert advisor inputs. If you do not want the filter, set the news option to No.
The setting lets you pick ATR or CCI. The author suggests that some pairs, such as EURUSD, suit ATR better. The best choice depends on the symbol and timeframe, so test both in the Strategy Tester and on a demo account before going live.
Exact values depend on the symbol, account size and your risk tolerance, so no single set is right for everyone. Begin on a demo account with a small lot, a limited number of grid orders and a stop loss, then adjust after observing behaviour over a meaningful period.
The expert advisor must stay attached to a running terminal to manage open orders, so a VPS or an always-on computer is strongly advised, especially when the grid and trailing functions are active.
Johnnie Walker
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