Grid Trading MT5: Free MT5 Expert Advisor

Overview

Grid Trading MT5 populates the market with a configurable number of buy and sell limit orders between specified high and low boundaries. The expert advisor includes risk management features such as individual stop loss levels in points, take profit settings, and a basket closure mechanism based on a percentage gain. It also features a time-based exit condition that closes positions after a set number of days. The repository lacks a README.

Configurable number of grid elements

Price-bound limit order placement

Percentage-based basket closure logic

Time-restricted position management

Details

Author

algocode2022 on GitHub

Type

Trading robot

Platform

MetaTrader 5 (MQL5)

Strategy

Grid, Hedging

Markets

Any symbol

Timeframes

Any timeframe

Risk profile

Opens a grid of orders: exposure builds up in a trend
Holds opposite positions at once

EA files

GRID_TRADING.mq5

Source

github.com/algocode2022/metatrader5

Input parameters

Read from GRID_TRADING.mq5. Defaults are the author's; change them in the EA's Inputs tab.

Name	Type	Default	Description
`Volume`	`int`	`1`	Contract/lot volume
`HIGH_PRICE_SellLim`	`double`	`5500.00`	HIGH_PRICE_SellLim (the upper price of the last SellLim grid order)
`LOW_PRICE_BuyLim`	`double`	`4000.00`	LOW_PRICE_BuyLim (the lower price of the last BuyLim grid order) for BuyLim
`HIGH_PRICE_SL`	`double`	`100.00`	HIGH_PRICE_SL: SL in points from HIGH_PRICE_SellLim (the upper stop loss price) for SellLim
`LOW_PRICE_SL`	`double`	`100.00`	LOW_PRICE_SL: SL in points from LOW_PRICE_BuyLim (lower stop loss price) for BuyLim
`Pending_order_period`	`int`	`12`	Pending_order_period: limit order setting time in months
`Number_of_elements_in_the_grid`	`int`	`5`	Number of elements in the grid (number of limit orders)
`TakeProfit`	`double`	`0`	TakeProfit from the setting price in order pips
`Profit_percentage`	`double`	`1`	Profit_percentage - grid closure % in profit, works if > "0"
`Continued_trading`	`bool`	`false`	Continued_trading - whether to continue trading after exiting by the grid closure % with profit
`Time_to_restrict_trade`	`int`	`5`	Time_to_restrict_trade - setting the expiration time (in days) for a position with profit
`Magic`	`int`	`10`	Magic Number

How to install it

1Download the sourceUse "Download source (.zip)" above, or clone algocode2022/metatrader5 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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