Mr X Grid Hedge: Free MT5 EA Download & Source Code

Overview

Mr X Grid Hedge utilizes a grid strategy with entry signals confirmed by a combination of EMA crossovers, RSI bounds, and ATR volatility filters. The system manages risk through automated hedging triggered by drawdown or specific grid depth. Users can choose between fixed, incremental, or martingale lot progression. The EA includes emergency drawdown protection and a weekend closing feature, but lacks traditional individual stop losses, relying instead on basket closures and equity guards.

Multi-indicator entry filtering with EMA, RSI, and ATR

Configurable incremental or martingale lot scaling

Automated hedging based on drawdown or grid level

Global equity protection and weekend session closure

Details

Author

ibrahimzameel9232-lgtm on GitHub

Type

Trading robot

Platform

MetaTrader 5 (MQL5)

Strategy

Grid, Martingale, Hedging, Indicator crossover

Markets

Gold

Timeframes

M15-H1

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

Source

github.com/ibrahimzameel9232-lgtm/Mr.X

Input Parameters

Read from GridHedgingEA_MultiConfirm_Version2.mq5. Defaults are the author's; change them in the EA's Inputs tab.

Name	Type	Default	Description
`StartingLotSize`	`double`	`0.01`	Starting Lot Size
`GridDistancePips`	`int`	`100`	Grid Distance in Points ($10 for XAUUSD)
`MaxGridLevels`	`int`	`10`	Maximum Grid Positions (Safety Limit)
`ProfitTargetUSD`	`double`	`30.0`	Profit Target in USD
`EnableHedging`	`bool`	`true`	Enable Hedging When Drawdown Increases
`FastEMA_Period`	`int`	`20`	Fast EMA Period
`SlowEMA_Period`	`int`	`50`	Slow EMA Period
`RSI_Period`	`int`	`14`	RSI Period
`RSI_LowerBound`	`int`	`40`	RSI Lower Bound (avoid oversold)
`RSI_UpperBound`	`int`	`60`	RSI Upper Bound (avoid overbought)
`ATR_Period`	`int`	`14`	ATR Period
`MinATR_Value`	`double`	`5.0`	Minimum ATR for Entry (volatility filter)

Show all 32 inputs

Name	Type	Default	Description
`EntryTimeframe`	`ENUM_TIMEFRAMES`	`PERIOD_M15`	Timeframe for Entry Analysis
`LotMethod`	`LOT_PROGRESSION_METHOD`	`INCREMENTAL`	Lot Progression Method
`IncrementStep`	`double`	`0.01`	Increment Step (for INCREMENTAL method)
`HedgeTriggerLevel`	`int`	`6`	Hedge After N Grid Levels
`HedgeTriggerDrawdownPct`	`double`	`25.0`	Hedge at Drawdown % (of balance)
`MaxDrawdownPct`	`double`	`40.0`	CRITICAL: Force Close All at Drawdown %
`MaxLotSize`	`double`	`1.0`	Maximum Lot Size (Safety Cap)
`CloseOnWeekend`	`bool`	`true`	Close All Positions Before Weekend
`WeekendClosureHour`	`int`	`21`	Friday Hour to Close (Server Time)
`CloseOnHighDrawdown`	`bool`	`true`	Auto-close at max drawdown
`BreakevenCloseThreshold`	`double`	`5.0`	Close at breakeven if within $X
`UseTradeTimeFilter`	`bool`	`false`	Enable Trading Hours Filter
`TradeStartHour`	`int`	`8`	Start Trading Hour (Server Time)
`TradeEndHour`	`int`	`20`	End Trading Hour (Server Time)
`AllowNewEntries`	`bool`	`true`	Allow New Initial Entries
`MinMinutesBetweenEntries`	`int`	`60`	Min Minutes Between Initial Entries
`ShowDebugInfo`	`bool`	`true`	Show Debug Info in Logs
`Slippage`	`int`	`10`	Maximum Slippage in Points
`MagicNumber`	`long`	`123456`	Magic Number for This EA
`TradeComment`	`string`	`GridHedge_MC`	Trade Comment

How to Install It

1Download the sourceUse "Download source (.zip)" above, or clone ibrahimzameel9232-lgtm/Mr.X 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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Mr X Grid Hedge