AutoTrade EA is a scalping robot for MetaTrader 4 and 5 that utilizes a multi-indicator signal scoring system based on Exponential Moving Average crossovers and RSI levels. It employs an aggressive trade management strategy featuring a dynamic grid and a stepped martingale lot scaling system where position sizes increa
Trading robot · MT4
Grid EA
This expert advisor for MetaTrader 4 implements a grid-based scalping strategy.
High risk
GitHub stars52
Forks21
Last update8 years ago17 Sep 2018
LicenceGPL-3.0
Overview
Grid EA places multiple trade orders at fixed intervals, defined by a configurable pip gap. The system manages a specific number of grid lines on both sides of the starting price, aiming to capture small price movements. It utilizes fixed lot sizing for each position and operates using a high-frequency millisecond timer. The documentation is minimal, and the main input parameters do not include explicit stop loss or take profit settings.
- Grid-based scalping strategy
- Adjustable grid gap in pips
- Configurable total grid lines per side
- Fixed lot size volume
- Timer-driven execution logic
Details
Author
sonidelav on GitHub
Type
Trading robot
Platform
MetaTrader 4 (MQL4)
Strategy
Grid, Scalping
Markets
Any symbol
Timeframes
M1-M5, M15-H1
Risk profile
- Opens a grid of orders: exposure builds up in a trend
- Trades without a fixed stop loss
EA files
Topics
mt4mt4-eamql4expert-advisorsgrid
Input parameters
Read from GridEA.mq4. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
GridGap | int | 50 | Grid Gap (Pips) |
LotSize | double | 0.01 | Trade Lot Volume |
TotalGridLines | int | 7 | Total Grid Lines Each Side |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone sonidelav/GridEA 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, and any .mqh files into the Include folder the code expects.
- 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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