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Umbrella is a trend-following expert advisor for MetaTrader 5 that uses an indicator-based entry and a martingale grid to manage open series. It is aimed mainly at XAUUSD on M15 and can also be tested on major currency pairs.
Get one message the moment it launches, with its price.
Umbrella is an expert advisor for MetaTrader 5 that opens trades in the direction of the prevailing trend, as judged by its own built-in indicator, and then manages each position series with a martingale grid. It is intended mainly for gold, although it can be tested on other liquid symbols.
The EA looks for a trend signal and opens the first order of a series in that direction. If price moves against the position, it adds further orders at set distances, usually with a larger lot each time. The series is closed when the take profit or trailing conditions are met. Because lot sizes can grow quickly, this approach can produce large drawdowns when a trend reverses or a market moves a long way in one direction.
An optional overlap function lets the EA close the first and last orders of a series together once a chosen order number is reached. The aim is to reduce floating loss in a deep grid. You choose the order number at which overlap starts and the percentage of profit that must be reached.
Spreads, swaps and execution differ between brokers, so test each symbol on your own account type before using real money.
The inputs are grouped into general, strategy, distance and panel settings. Defaults are not listed here, so review every value in the input window before you start.
| Group | What you can control |
|---|---|
| General | New series on or off, buy and sell permissions, manual order management, hedging, magic number, maximum spread, start and end hour |
| Lot sizing | Initial lot, auto lot based on free margin, lot multiplier, maximum lot |
| Order limits | Maximum buy orders and maximum sell orders |
| Exits | Take profit, stop loss and trailing in points, each virtual or real, plus trail start and step |
| Overlap | Overlap on or off, order number where it starts, profit percentage |
| Distance | Fixed distance, dynamic distance start, distance multiplier, pause between orders in minutes |
Martingale and grid methods increase exposure as a trade moves against you. Set a sensible maximum lot, limit the number of orders, and size the initial lot or auto lot setting to your balance. Start on a demo account and use the Strategy Tester with realistic spreads.
Trading carries risk, and you can lose some or all of your capital. Backtest and past results do not predict future ones. Never trade with money you cannot afford to lose.
For continuous operation, many traders run the EA on a VPS so the terminal stays connected.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 5 |
| Strategy focus | Gold or XAUUSD, Trend, Grid |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor (automated trading) |
| Trade style | Trend-following with martingale grid |
| Main market | Gold (XAUUSD) |
| Other markets | Major FX pairs such as EURUSD, GBPUSD, USDCAD, AUDUSD |
| Timeframes | M15 suggested; H1 or higher for more selective signals |
| Account type | Hedging option available; check your broker's account mode |
| Requirements | Algo trading enabled; stable connection or VPS advised |
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No. This version is built for MetaTrader 5 only. It will not load on MT4, so check that your broker offers an MT5 account before buying.
The tool is designed around XAUUSD on M15. Major currency pairs such as EURUSD, GBPUSD, USDCAD and AUDUSD can also be tested, and H1 or higher gives fewer, more selective signals. Test each symbol in the Strategy Tester and on a demo account first.
Stop loss, take profit and trailing can each be set to virtual or real, and a value of zero turns the feature off. Because the strategy is a martingale grid, you should decide on your own loss limits and cap the number of orders and the maximum lot.
No fixed figure is given here. It depends on your broker, leverage, symbol, initial lot and grid settings. Run a backtest with your own broker's data and check the peak margin use and drawdown before choosing a balance.
Yes. The manage manual orders option lets the EA take control of orders you place yourself. Leave it off if you do not want the EA to touch your manual trades.
Copy the downloaded files into the MQL5 Experts folder through File, Open Data Folder in MetaTrader 5, then restart the terminal or refresh the Navigator. Drag the EA onto a chart and make sure Algo Trading is enabled.
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