GridHedge EA: Free MT5 EA Download & Source Code

Overview

GridHedge EA opens positions based on manual direction selection or an optional candlestick pattern filter. The EA expands grid orders using fixed point offsets and increases lot sizes incrementally after unsuccessful cycles. Risk controls include monetary profit targets and maximum loss limits defined in account currency, a maximum grid trade cap, max spread controls, and a time filter. The system requires an MT5 account with hedging enabled and includes an on-chart panel for live statistics.

Dynamic grid placement and opposite-side hedging

Progressive lot scaling after failed trade cycles

Optional candlestick pattern filter for trade entries

Account currency profit target and max loss limits

Configurable time and max spread execution filters

Details

Author

MuhammadHassanC on GitHub

Type

Trading robot

Timeframes

Any timeframe

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

GridHedge_EA.mq5

Source

github.com/MuhammadHassanC/GridHedge-EA-

Input Parameters

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

Name	Type	Default	Description
`InpStartLot`	`double`	`0.01`	Starting Lot Size
`InpGridPips`	`int`	`100`	Grid Offset (points)
`InpMaxGridTrades`	`int`	`5`	Trades before cycle marked failed
`InpTakeProfit`	`double`	`10.0`	Take Profit (account currency, 0=disabled)
`InpMaxLoss`	`double`	`50.0`	Max Loss (account currency, 0=disabled)
`InpMagicNumber`	`int`	`777777`	Magic Number
`InpInitDir`	`ENUM_INIT_DIR`	`DIR_AUTO`	Initial Direction (Auto=candle/random)
`InpSlippage`	`int`	`10`	Max Slippage (points)
`InpLotIncrement`	`double`	`0.01`	Lot Increment After Failed Cycle
`InpMaxLotSize`	`double`	`0.0`	Max Lot Size (0=no limit)
`InpUseCandleFilter`	`bool`	`false`	Enable Candlestick Pattern Filter
`InpCandleTF`	`ENUM_TIMEFRAMES`	`PERIOD_CURRENT`	Candlestick Timeframe

Show all 20 inputs

Name	Type	Default	Description
`InpUseTimeFilter`	`bool`	`false`	Enable Time Filter
`InpTimeStart`	`string`	`22:00`	Stop New Trades Start Time
`InpTimeEnd`	`string`	`01:00`	Stop New Trades End Time
`InpMaxSpread`	`double`	`0.0`	Max Spread (points, 0=disabled)
`InpShowPanel`	`bool`	`true`	Show Info Panel
`InpPanelColor`	`color`	`clrMidnightBlue`	Panel Background Color
`InpTextColor`	`color`	`clrWhite`	Panel Text Color
`InpFontSize`	`int`	`9`	Panel Font Size

How to Install It

1Download the sourceUse "Download source (.zip)" above, or clone MuhammadHassanC/GridHedge-EA- 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, 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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