LongTail Trading Strategy

An Expert Advisor that implements the LongTail trading strategy, designed to capitalize on trends while surviving ranging markets.

Overview

LongTail is a modified version of the Remora strategy that uses a 1:R reward system (where R > 1). The current implementation focuses on a 1:3 reward ratio.

Key Features

• Dynamic grid-based trading system
• Automated recovery mechanism for ranging markets
• Daily session management capability
• Progression sequence for position sizing
• Advanced delay management for price gaps

Strategy Components

The EA is organized into several key components:

• Core Management

  • Daily session control
  • Position monitoring
  • Strategy rule enforcement

• Grid Management

  • Exit position handling
  • Recovery position placement
  • Continuation order management

• Risk Management

  • Dynamic position sizing
  • Progressive lot sequence
  • Multiple validation checks

Configuration

Key parameters that can be configured:

input bool   use_daily_session = false;  // Enable/disable daily sessions
input int    multiplier = 3;             // Reward multiplier
input int    sequenceLength = 50;        // Length of progression sequence

Default session times (when daily sessions enabled):

• Start: 08:30
• End: 18:30

Requirements

• MetaTrader 5 Platform
• Account with appropriate broker permissions
• Sufficient margin for progression sequence

Project Structure

LongTail-Strategy/
├── Main/
│   └── LongTailsScalperV1.mq5       # Main EA entry point
├── Modules/
│   ├── ControlInterface/            # Core business logic
│   │   ├── SequenceHandler/         # Progression sequence management
│   │   ├── ProgressionCycleHandler/ # Trading cycle management  
│   │   ├── GridStopsHandler/        # Stop orders management
│   │   ├── GridShiftHandler/        # Grid movement logic
│   │   └── ErrorCorrectionHandler/  # Error handling and rules
│   └── AuditInterface/             # Logging and monitoring
├── Abstract/                       # Documentation and planning
└── Documentation.md               

Installation

1. Clone the repository to your local MetaEditor project directory
2. Compile the main EA file (LongTailsScalperV1.mq5)
3. Attach the EA to your desired chart in MetaTrader 5

Usage Guidelines

• Primary focus is on XAU/USD with a grid spread of 40 points
• Can potentially be used with Volatility 75 and 75(1s)
• Requires careful monitoring during initial deployment
• Recommended to test thoroughly on a demo account first

Known Limitations

• Slippage can affect order placement
• Spread variations may impact strategy performance
• Maximum range survival threshold is still under study

Development Status

Current version: 1.73

Status: Under active development and testing

License

Copyright © 2025 Anyim Ossi

Contact: [email protected]