Prem Gold Advisor is an automated MetaTrader 5 expert advisor specialized for XAUUSD (Gold) trading on the five-minute timeframe. It initiates trades using breakout levels placed at specific distances from the candle open. The strategy features a progressive scale-in mechanism, adding new orders as the price hits succe
Trading robot · MT5
EA Grid Gold
This MetaTrader 5 expert advisor executes a grid-based trading strategy, specifically tailored for gold but applicable to other instruments.
High risk
GitHub stars1
Forks1
Last update5 years ago2 Sep 2021
LicenceNone stated
Overview
EA Grid Gold functions by opening initial buy and sell positions and subsequently placing a sequence of limit orders at specified intervals. The system manages risk through a configurable grid size, a set number of levels, and a global take profit. By default, the stop loss is disabled, and it maintains simultaneous long and short exposure. The repository contains multiple versions for different gold trading scenarios but lacks documentation.
- Automated grid of limit orders
- Adjustable grid spacing and level count
- Simultaneous hedging of buy and sell directions
- Global take profit and stop loss parameters
Details
Input Parameters
Read from EAGridGold.mq5. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
GridSize | int | 100 | |
NumberOfGrid | int | 20 | |
GridEffect | double | 2 | |
TakeProfit | double | 20 | |
StopLoss | double | 0 | |
StartLot | double | 0.01 |
How to Install It
- 1Download the sourceUse "Download source (.zip)" above, or clone Adev87/Mql5Ea 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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Related on ForexR
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