GBPUSD AI Grid EA: Free MT4 Expert Advisor

Overview

GBPUSD AI Grid EA executes a grid-based strategy that layers orders during market movements. Initial entries are filtered using the Commodity Channel Index indicator. The bot manages positions through a martingale lot multiplier, increasing volume for subsequent grid levels. Risk controls include dynamic take-profit targets, breakeven exit rules, and a maximum count for open orders in each direction. The repository lacks a README, meaning users must rely on the source code and input parameters for configuration.

Commodity Channel Index entry filter

Volatility-based dynamic grid step calculation

Martingale lot scaling with customizable multiplier

Dynamic and average take-profit management

Breakeven basket closure logic

Details

Author

AlexCrombieF on GitHub

Type

Trading robot

Platform

MetaTrader 4 (MQL4)

Strategy

Grid, Martingale, Hedging

Markets

Forex

Timeframes

M15-H1

Risk profile

Uses martingale lot scaling: losses can grow fast
Opens a grid of orders: exposure builds up in a trend
Holds opposite positions at once
Trades without a fixed stop loss

EA files

GDPUSDEA.mq4

Source

github.com/AlexCrombieF/EAtradingAIbot

Input parameters

Read from GDPUSDEA.mq4. Defaults are the author's; change them in the EA's Inputs tab.

Name	Type	Default	Description
`Takeprofitsettings`	`string`	`Takeprofit settings -================`
`Maintakeprofit`	`int`	`10`	Take-profit value for orders/grid, pips.
`Useaverageprofit`	`bool`	`true`	Use average take-profit
`Usedynamictakeprofit`	`bool`	`true`	Use dynamic take-profit
`StepdynamicTP`	`int`	`3`	Which crank starts dynamic take-profit
`K_TPDecrease`	`double`	`1`	Take-profit multiplier
`MinTakeProfit`	`int`	`1`	Minimum value of take-profit
`Breakevenclose`	`bool`	`true`	Put value of take-profit to breakeven
`StepforBE`	`int`	`10`	Which crank starts to use breakeven rule
`Stepsettings`	`string`	`step settings -======================`	Grid
`FirstStep`	`double`	`20`	The value of first step, pips
`Stepfromvolatility`	`bool`	`false`	Calculation of the first step by volatility

Show all 40 inputs

Name	Type	Default	Description
`PeriodVolatility_1`	`int`	`20`	Amount of days for volatility calculation
`K_Stepvol`	`double`	`0.5`	Multiplier for the first step
`Dynamicstep`	`bool`	`true`	Use dynamic grid step
`Stepincreasestep`	`int`	`1`	Which crank starts dynamic step
`K_Stepincrease`	`double`	`1`	Step multiplier
`Maxcountstepsbuy`	`int`	`10`	Maximum amount of cranks in the buy basket
`Maxcountstepsell`	`int`	`10`	Maximum amount of cranks in the sell basket
`Tick_Memory`	`int`	`100`	Maximum amount of ticks cached
`Deviation`	`double`	`1.5`
`Neutralizer`	`bool`	`True`
`Pips_Threshold`	`double`	`100.0`
`Aux_Threshold`	`double`	`100.0`
`Volumesettings`	`string`	`orders volume -======================`	Settings of
`Money_Management`	`bool`	`true`
`Margin_Percent`	`double`	`2.0`
`Lot_Size`	`double`	`0.01`	Lots amount for first order in grid
`Multiplier`	`double`	`2`	Volume multiplier
`Multipusestep`	`int`	`1`	Which crank starts apply volume multiplier
`FirstOrderSettings`	`string`	`for the first order -================`	Settings of entry conditions
`CCIFiltre`	`bool`	`true`	Use CCI-indicator for entry
`Period_CCI`	`int`	`50`	Period CCI on the current chart
`ManuallySettings`	`string`	`manual intervention -================`	Settings for
`Allowbuy`	`bool`	`true`	Permission for buy orders
`Allowsell`	`bool`	`true`	Permission for sell orders
`Stopmode_2`	`ModeStops`	`s`	Variant of orders stops
`StopTradesLevel`	`bool`	`false`	Stop trading after crossing of critical level
`Stopmode_3`	`ModeStops`	`s`	Variant of order stops after crossing of critical levels
`BuyStopLevel`	`double`	`0`	Critical levels for stop of buy orders

How to install it

1Download the sourceUse "Download source (.zip)" above, or clone AlexCrombieF/EAtradingAIbot from GitHub, and unzip it.

2Open the data folderIn MetaTrader choose File, then Open Data Folder, and go to MQL4/Experts.

3Copy the filesCopy the .mq4 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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