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 · MT5
Punlie Grid
Punlie Grid is a MetaTrader 5 expert advisor that executes a grid trading strategy tailored for gold, crude oil, and cryptocurrencies.
High risk
GitHub stars10
Forks2
Last update1 year ago12 Aug 2025
LicenceMIT
Overview
Punlie Grid places orders at fixed point intervals and features a trend-following filter that uses daily timeframe data to align trades with the prevailing market direction. Risk controls include a trailing stop, break-even settings, and a global basket close function based on a total USD profit or loss target. The developer explicitly advises against using this system for forex pairs and suggests keeping leverage low to manage exposure during volatile conditions.
- Grid trading strategy with adjustable point spacing
- Higher timeframe trend filtering for entry alignment
- Basket management with USD profit and loss thresholds
- Automated break-even and trailing stop functions
Details
Author
punlie on GitHub
Type
Trading robot
Platform
Strategy
Timeframes
Any timeframe
Risk Profile
- Opens a grid of orders: exposure builds up in a trend
- Trades without a fixed stop loss
EA Files
Input Parameters
Read from Punlie Grid v3.mq5. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
InpMagicNumber | long | 123456 | Magic Number |
enable_time_start | bool | false | Enable Start Time |
time_start | string | 14:00 | Start Time (HH:MM) |
InpGridLength | int | 200 | Grid Length (point) |
InpTrendUp | bool | false | Trade only in Uptrend |
InpTrendTimeframe | ENUM_TIMEFRAMES | PERIOD_D1 | Time Frame for trend check |
InpLotSize | double | 0.01 | Lot Size |
InpCloseNextGrid | bool | false | Close at Next Grid if Profitable |
InpNextGrid | int | 2 | Number of Grids for Closing Condition |
CloseAll | bool | false | Close All Positions by Profit/Loss |
CloseAllValue | double | 100.0 | Close All Value (USD, can be negative) |
TrailingStop | bool | false | Enable Trailing Stop |
Show all 15 inputs
| Name | Type | Default | Description |
|---|---|---|---|
trailingstop | double | 20.0 | Trailing Stop (pips) |
SLeven | bool | true | Enable Break-Even SL |
SLevenpip | double | 100.0 | Pip Away from Last Position |
How to Install It
- 1Download the sourceUse "Download source (.zip)" above, or clone punlie/PunlieGridEA_v3 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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