SouthEast

SouthEast is an expert advisor for MetaTrader 4 that automates a grid-style approach drawn from the author's manual trading. It is designed so that most users load a prepared set file for their chosen pair rather than building a configuration from scratch.

How it works

Grid expert advisors in general open an initial position and then add further positions at set distances if price moves against them, with the aim of closing the whole group at a net target. This makes the strategy sensitive to strong, one-directional moves, which is why risk controls matter more than they do with a single-trade system. Read the manual that comes with the product for the exact entry logic, spacing and exit rules, and do not assume it behaves like a generic grid.

Set files

The product is supplied with set files for around twenty forex pairs. Each file stores the inputs intended for that symbol, so loading it is the main setup step. Confirm in your download which pairs are included and which timeframe each file expects.

Markets and timeframes

• Markets: forex pairs, using the prepared set files.
• Timeframes: follow the set file or manual for each pair rather than choosing your own.
• Symbol names: if your broker adds a prefix or suffix, check that the expert advisor recognises the symbol.

Settings

Exact input names and defaults can differ between set files, so check them in the Inputs tab after loading. The table below lists the areas worth reviewing before you trade live.

Risk

Small deposits and grid strategies can be a difficult combination, because a run of adverse moves may need more margin than the account holds. Test on a demo account, use conservative lot sizes and monitor floating drawdown.

Installation

1. In MT4, choose File, then Open Data Folder, and go to MQL4, then Experts.
2. Copy the expert advisor file into that folder and restart MT4.
3. Open a chart of the pair and timeframe given for your chosen set file.
4. Drag SouthEast from the Navigator onto the chart and tick the option to allow live trading.
5. In the Inputs tab, press Load and select the matching set file.
6. Make sure the Algo Trading button in the toolbar is on, then check the smiley icon in the chart corner.

For continuous operation, run the terminal on a VPS and check the manual for the recommended specification. If you use the news filter, confirm any required terminal settings, such as allowed web addresses, before relying on it.