Unlike traditional fixed grids, this expert advisor increases the distance between subsequent levels using an expansion factor. It employs martingale lot scaling where volumes grow exponentially based on the number of open positions. The EA manages buy and sell grids independently and offers an optional price averaging feature to close baskets at a collective profit target. It is designed as an educational tool and lacks a hard stop loss parameter.
Read from Expanding Grid.mq5. Defaults are the author's; change them in the EA's Inputs tab.
Name
Type
Default
Description
InpTakeProfitPips
double
20.0
Take profit pips
InpGridSizePips
double
20.0
Grid spacing pips
InpMartingaleFactor
double
0.2
Martingale exponential growth (1+g)^n
InpRecoveryPips
double
100.0
Martingale max recovery pips
InpExpansionFactor
double
0.2
Grid size expansion factor
InpUseAveraging
bool
false
Close at an average price
InpVolume
double
0.01
initial Volume
InpMagic
long
250800
Magic
How to install it
1Download the sourceUse "Download source (.zip)" above, or clone OrchardForexTutorials/251003_expanding_grid 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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