Price Drop Buy Grid EA: Free MT5 EA Download & Source Code

Overview

Price Drop Buy Grid EA automatically places buy positions whenever the price drops by a user-defined pip interval. Each trade is assigned a fixed lot size and a configurable take profit distance in pips. The EA includes built-in drawdown protection that can pause trading if account equity drops past a specified maximum drawdown percentage. Individual trades do not use stop losses, relying instead on the overall account drawdown limit for risk management. It includes automatic pip value calculations for forex, metals, and indices.

Grid buying on price drops

Fixed take profit in pips

Configurable pip interval spacing

Account drawdown percentage protection

Automatic pip calculation for multiple asset types

Details

Author

MuhammadHassanC on GitHub

Type

Trading robot

Platform

MetaTrader 5 (MQL5)

Strategy

Grid

Markets

Any symbol

Timeframes

Any timeframe

Risk Profile

Opens a grid of orders: exposure builds up in a trend
Trades without a fixed stop loss

EA Files

PriceDropBuyEA.mq5

Source

github.com/MuhammadHassanC/MT5-EA

Input Parameters

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

Name	Type	Default	Description
`PipInterval`	`double`	`50.0`	Pips between each BUY
`TakeProfitPips`	`double`	`50.0`	Take Profit in pips
`LotSize`	`double`	`0.01`	Lot size
`MagicNumber`	`ulong`	`12345`	Magic number
`EnableDrawdownLimit`	`bool`	`true`	Drawdown protection
`MaxDrawdownPercent`	`double`	`50.0`	Max drawdown %
`ShowLogs`	`bool`	`true`	Show detailed logs

How to Install It

1Download the sourceUse "Download source (.zip)" above, or clone MuhammadHassanC/MT5-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.

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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