Prem Gold Advisor is an automated MetaTrader 5 expert advisor specialized for XAUUSD (Gold) trading on the five-minute timeframe. It initiates trades using breakout levels placed at specific distances from the candle open. The strategy features a progressive scale-in mechanism, adding new orders as the price hits succe
Trading robot · MT4
Inside Bar Grid EA
This MetaTrader 4 robot implements a grid-based hedging strategy triggered by inside bar price formations.
High risk
GitHub stars1
Forks3
Last update6 months ago25 Mar 2026
LicenceNone stated
Overview
Inside Bar Grid EA places multiple pending orders on both sides of a breakout and uses martingale lot scaling to increase position sizes for subsequent entries. The expert advisor is designed for the H4 and Daily timeframes, utilizing a 20-period RSI to filter for trending markets. It manages trades as a basket, aiming to close all positions once a collective profit target is achieved. Users should be aware of the high risk associated with its recovery mechanisms and significant historical drawdown.
- Inside bar breakout detection
- Automatic grid order placement
- Martingale lot size scaling
- RSI trend filtering
- Basket profit management
Details
Author
danielworthy on GitHub
Type
Trading robot
Platform
MetaTrader 4 (MQL4)
Strategy
Breakout, Grid, Martingale, Hedging
Markets
Forex, Gold
Timeframes
M15-H1, H4 and above
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
Input parameters
Read from HedgeBot.mq4. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
Expert_Name | string | Danw2 - Pending + IB multi breakout |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone danielworthy/InsideBarGridEA 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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