An automated MetaTrader 5 expert advisor that executes a bi-directional grid trading strategy. It uses the Average True Range (ATR) indicator to dynamically calculate grid spacing, allowing the system to adapt to current market volatility. The robot supports neutral, bullish, and bearish modes. It includes risk managem
Trading robot · MT5
AriZone Grid Bot
AriZone Grid Bot is an expert advisor for MetaTrader 5 designed to execute grid-based trading strategies.
High risk
GitHub stars1
Forks1
Last update3 years ago3 Aug 2023
LicenceMIT
Overview
The robot operates within a user-defined price range, allowing traders to set specific upper and lower boundaries. Users can configure the number of grid levels and choose between arithmetic or geometric spacing models. It functions in a neutral direction, layering orders across the range based on specified lot sizes. Risk controls include stop triggers that can automatically cancel pending orders or close active positions when price levels are breached. The README is minimal.
- Arithmetic and geometric grid spacing models
- Configurable upper and lower price boundaries
- Adjustable grid density and lot sizing
- Price-based trigger and stop activation levels
- Automated basket closure on stop triggers
Details
Author
AriZoneVibes on GitHub
Type
Trading robot
Platform
MetaTrader 5 (MQL5)
Strategy
Grid
Markets
Any symbol
Timeframes
Any timeframe
Risk profile
- Opens a grid of orders: exposure builds up in a trend
- Trades without a fixed stop loss
EA files
Input parameters
Read from GridTradingBot.mq5. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
expertAdvisorID | int | 31254 | Expert Advisor ID "Magic Number" |
currentSymbol | string | USDJPY | Symbol |
gridDirection | selectGridDirection | neutralDirection | Direction |
lowerPrice | double | 120 | Lower Price |
upperPrice | double | 150 | Upper Price |
gridSize | int | 20 | Number of Grids |
gridType | selectGridType | arithmetic | Grid Type |
lotSize | double | — | Amount of Lots to buy per grid |
gridTriggerActivation | bool | false | Grid Trigger |
gridTriggerBottomPrice | double | — | Bottom Price |
gridTriggerUpperPrice | double | — | Upper Price |
stopTriggerActivation | bool | false | Stop Trigger |
Show all 16 inputs
| Name | Type | Default | Description |
|---|---|---|---|
stopTriggerBottomPrice | double | — | Bottom Price |
stopTriggerUpperPrice | double | — | Upper Price |
cancelOrdersOnStop | bool | false | Cancel all orders on stop |
closePositionsOnStop | bool | false | Close all positions on stop |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone AriZoneVibes/MQL5-GridBot from GitHub, and unzip it.
- 2Open the data folderIn MetaTrader choose File, then Open Data Folder, and go to MQL5/Experts.
- 3Copy the filesCopy the .mq5 file into Experts.
- 4Compile in MetaEditorOpen the file in MetaEditor and press Compile. Fix any missing includes the compiler reports.
- 5Test before you tradeRun it in the Strategy Tester, then attach it to a demo chart and allow algorithmic trading.
Third-party code. ForexR did not write, test or endorse this EA, and the summary above was generated automatically from its README and code. ForexR lists only repositories with readable source code and never hosts files. Read the code, backtest it and use a demo account first; automated trading can lose money quickly.
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