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RebateSystem is an MT5 expert advisor that runs separate buy and sell grids, adds a lock order on the opposite side when one grid is under pressure, and can pause around news. Defaults are set for EURUSD.
Get one message the moment it launches, with its price.
RebateSystem is an MT5 expert advisor built around two independent baskets of orders, one for buys and one for sells. It aims to close many small trades rather than a few large ones, and it includes lock, break-even, drawdown and news controls to manage the baskets.
The EA opens a first order in a basket on one timeframe and adds averaging orders on a second timeframe. Each basket has its own take profit, minimum distance between orders, lot multiplier and maximum number of orders. Buy and sell baskets are tracked separately through their own magic numbers, so the EA can hold both directions at once.
When one basket reaches a chosen number of orders, the opposite basket can open a larger order to offset the exposure. The size is set as a percentage of the losing basket's total lots and is capped by a maximum lot input. This reduces net exposure for a time, but it does not remove the risk of a prolonged move against the position.
After a set number of orders and a set profit in points, the EA places a stop loss near the basket's break-even level. A separate input closes a losing basket at a chosen percentage drawdown on the current symbol, and a pause in hours follows before trading resumes. Setting the percentage to 0 disables it.
The filter can ignore high-impact news only, high and medium, all levels, or be switched off. You choose how many hours before and after a release the EA stays idle. The stop type decides whether only new first orders are blocked while an existing grid continues, or the whole grid stops during that window.
Defaults are described for EURUSD with a balance of roughly 3000 units of the account currency, using cent units on cent accounts. Other symbols may work but need their own testing. Point-based inputs are written for four-digit quotes and are multiplied by 10 on five-digit symbols.
| Group | What it controls |
|---|---|
| Grid | Lot, automatic lot from balance, take profit, step, lot multiplier, maximum orders |
| Timeframes | Period for first orders and for averaging orders |
| Break-even | Order number, start in points, distance in points |
| Lock | Order number, percentage of opposite lots, maximum lot |
| Drawdown close | Percentage threshold and pause in hours |
| News | Importance level, hours before and after, stop type |
| Other | Slippage, magic numbers, timer interval, colours of break-even lines |
There is also an option to stop trading once all grids are closed. Check the input list in your terminal for the exact defaults before going live.
Grid and averaging systems can accumulate large positions in a persistent trend, and trading carries risk. Rebates, where available, depend on your broker and may not offset losses or spread costs. Past results do not predict future ones. Test on a demo account and size positions to a balance you can afford to lose.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 5 (expert advisor) |
| Strategy focus | Trend, Grid |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Strategy | Trend entries with a two-sided grid and lock |
| Default market | EURUSD; other pairs need their own testing |
| Timeframes | Set through the first-order and series-order inputs |
| Default deposit | Defaults aimed at about 3000 units of account currency |
| Account types | Standard or cent; cent accounts use cent units |
| News filter | Needs two URLs added to the allowed WebRequest list |
| Point inputs | Written for 4-digit quotes, scaled by 10 on 5-digit |
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No. This product is an MT5 expert advisor and will not run on MT4. Make sure you use an MT5 terminal and an account that allows automated trading.
The idea behind the EA is to open many small trades so that any rebate your broker or rebate provider pays per trade can add up. Whether a rebate exists, and how much it is, depends on your own arrangement. Trading costs and drawdowns can outweigh rebates, and past results do not predict future ones.
The default inputs are intended for EURUSD and a balance of around 3000 units of the account currency, using cent units on cent accounts. Because grids can build large positions, test on a demo account first and check lot size, multiplier and maximum orders against your own balance.
The filter downloads its calendar through WebRequest. In the terminal options, on the Expert Advisors tab, enable WebRequest for listed URLs and add https://cdn-nfs.faireconomy.media and http://ec.forexprostools.com. Also check that the filter is not set to OFF.
You can attach it to more than one chart, but each chart needs unique magic numbers for buy and sell orders so the grids do not interfere. Remember that open grids on several pairs add up in total exposure.
Copy the expert advisor into the Experts folder of your MT5 data directory, restart or refresh the terminal, and drag it onto a chart. Turn on Algo Trading and allow automated trading in the properties window.
RebateSystem
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