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RebateSystem Overlap is an MT5 grid expert advisor that runs separate buy and sell grids with many small-target trades. It adds a lock lot on the opposite grid and an overlap mode that closes the most distant losing orders using profit already banked.
Get one message the moment it launches, with its price.
RebateSystem Overlap is a grid expert advisor for MetaTrader 5. It keeps a buy grid and a sell grid open at the same time, aims for small profit targets on each order, and adds a mode that uses profit already booked to close the most distant losing orders.
The expert opens the first order of each grid on one timeframe and adds averaging orders on another, so the entry timing and the grid spacing can be tuned separately. Each order has its own take profit. New grid orders are only placed when price has moved at least the minimum step away from the previous one, and the lot of each further order can be raised by a multiplier up to a set maximum number of orders.
When one grid has built up a chosen number of orders and is in drawdown, the opposite grid can open with a larger lot. The size is set as a percentage of the total lot of the losing grid and is capped by a maximum lot input. The aim is to slow the growth of the floating loss, not to remove it.
After a chosen order number in a grid, the overlap mode starts closing the farthest orders using profit that has already been realised. You can also raise the take profit once overlap has triggered. This differs from a plain rebate grid, which would wait for price to return to those orders.
The expert is designed for forex symbols and runs on the chart it is attached to. Timeframes are chosen through the two period inputs rather than by the chart period alone. Inputs are written for four-digit quotes and are multiplied by 10 on five-digit symbols, so check how your broker quotes prices before comparing distances.
| Input | Purpose |
|---|---|
| StopAfterTP | Stops new trading once all grids have closed |
| SetName | Name of the set, checked against the symbol |
| TF_FirstOrder / TF_SeriesOrder | Timeframes for first and averaging orders |
| Lot / Takeprofit | Starting lot size and take profit |
| StepNextOrder | Minimum distance between grid orders |
| LotMultiply / MaxTrades | Lot multiplier and maximum orders per grid |
| Overlap order number | Order after which overlap closing begins |
| Raise take after overlap | Increases the take profit once overlap is active |
| Lock inputs | Series number, percentage and maximum lot for the lock order |
| Close at drawdown, % / Pause after close, hour | Account drawdown stop and waiting time afterwards |
| Slippage / MagicNumber | Execution tolerance and order identifier |
The colour inputs only change the breakeven lines drawn on the chart. Default values are not listed here, so read them in the input window and test them before trading.
Grid and averaging methods can hold losing positions for a long time and increase exposure as the market moves one way. Use a lot size and drawdown limit that match your deposit, and check the margin needed for the full grid.
Trading carries risk and past results do not predict future ones. Rebates depend on your broker and do not offset the possibility of loss. Test on a demo account first.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 5 (expert advisor) |
| Strategy focus | Grid |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor, grid |
| Trade style | Two-sided grid with averaging, lock lots and overlap closing |
| Markets | Forex symbols; check the SetName value against your symbol |
| Timeframes | Set by TF_FirstOrder and TF_SeriesOrder inputs |
| Digits | Inputs written for 4-digit quotes, scaled by 10 on 5-digit symbols |
| Risk controls | Max trades per grid, drawdown close, pause after close |
| Requirements | Algo trading enabled; a broker with a suitable rebate or IB scheme |
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No. This listing is for MetaTrader 5 only. An MT4 terminal cannot load it, so check that your account and terminal are MT5 before buying.
No. The expert advisor only places many small trades. Any rebate or return of part of the spread depends on your broker or an introducing broker arrangement, so confirm the terms with them before relying on it.
After a chosen number of orders in a grid, the expert advisor can close the most distant losing orders in that grid using profit it has already collected. This can reduce a long-held loss, but it does not remove the risk of a deep drawdown.
In MT5 choose File, then Open Data Folder, and copy the expert file into MQL5/Experts. Restart the terminal or refresh the Navigator, drag the expert onto a chart, and allow algorithmic trading in the terminal and in the expert properties.
The right values depend on your symbol, broker and deposit, so no single set suits everyone. Test the lot, step, multiplier and maximum trades in the Strategy Tester and then on a demo account before using real money.
Yes. It is checked against the currency pair name, so make sure the set name matches the symbol on the chart, including any broker suffix, or the expert may not trade as expected.
RebateSystem Overlap
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