M Grid: Free MT5 EA Download & Source Code

Overview

The robot monitors buy and sell legs independently, opening new orders at fixed pip intervals when the price moves against existing positions. It utilizes an exponential growth factor to increase trade volumes for recovery, aiming to exit the entire basket at a calculated average price plus a take profit offset. The system includes settings for grid spacing and recovery distance, though the documentation is limited to technical disclaimers.

Exponential martingale lot scaling

Average price take profit management

Configurable grid spacing in pips

Independent buy and sell leg tracking

Details

Author

OrchardForexTutorials on GitHub

Type

Trading robot

Platform

MetaTrader 5 (MQL5)

Strategy

Grid, Martingale, Hedging

Markets

Any symbol

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

Experts/M Grid 2.mq5

Source

github.com/OrchardForexTutorials/250810_martingale_grid_2

Input Parameters

Read from M Grid 2.mq5. Defaults are the author's; change them in the EA's Inputs tab.

Name	Type	Default	Description
`InpTakeProfitPips`	`double`	`10.0`	Take profit pips
`InpGridSizePips`	`double`	`20.0`	Grid spacing pips
`InpMartingaleFactor`	`double`	`0.2`	Martingale exponential growth (1+g)^n
`InpRecoveryPips`	`double`	`100.0`	Martingale max recovery pips
`InpVolume`	`double`	`0.01`	initial Volume
`InpMagic`	`long`	`250800`	Magic

How to Install It

1Download the sourceUse "Download source (.zip)" above, or clone OrchardForexTutorials/250810_martingale_grid_2 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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