Springfield 3 Grids: Free MT5 Expert Advisor

Overview

Springfield 3 Grids uses the Relative Strength Index (RSI) across different timeframes to determine the initial trade direction for each grid. The EA employs martingale lot scaling, increasing the volume of subsequent positions by a multiplier at fixed point intervals. Risk is managed through a basket take profit calculated from the weighted average price of all open orders. The EA requires a license key to operate.

Simultaneous management of three independent grids

RSI-based entry direction detection

Martingale lot size exponentiation

Automated breakeven take profit calculation

Individual magic numbers for grid tracking

Details

Author

sournk on GitHub

Type

Trading robot

Platform

MetaTrader 5 (MQL5)

Strategy

Grid, Martingale, Mean reversion, 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

mq5/Springfield-3Grids-MT5-Bot.mq5

Source

github.com/sournk/Springfield-3Grids-MT5-Bot

Input parameters

Read from Springfield-3Grids-MT5-Bot.mq5. Defaults are the author's; change them in the EA's Inputs tab.

Name	Type	Default	Description
`InpLicenseKey`	`string`	`—`	Put here you license key with no sapces and line breaks
`InpMaxTradesA`	`uint`	`5`	MaxTrades: Max grid size
`InpLotsA`	`double`	`0.1`	Lots: Initial grid order lots size
`InpLotsExponentA`	`double`	`1.5`	LotsExponent: Next grid order volume ratio
`InpStepA`	`uint`	`300`	Step: Price distance to open next grid order, points
`InpTakeProfitA`	`uint`	`300`	Take Profit: Distance from grid Break Even, points
`InpRSITimeFrameA`	`ENUM_TIMEFRAMES`	`PERIOD_M1`	RSI timeframe
`InpMaxSlippageA`	`ulong`	`2`	Max slippage for market operations, points
`InpMagicA`	`long`	`2023111901`	Magic number of the grid
`InpEnabledB`	`bool`	`true`	Grid enabled
`InpMaxTradesB`	`uint`	`5`	MaxTrades: Max grid size
`InpLotsB`	`double`	`0.1`	Lots: Initial grid order lots size

Show all 30 inputs

Name	Type	Default	Description
`InpLotsExponentB`	`double`	`1.5`	LotsExponent: Next grid order volume ratio
`InpStepB`	`uint`	`300`	Step: Price distance to open next grid order, points
`InpTakeProfitB`	`uint`	`300`	Take Profit: Distance from grid Break Even, points
`InpRSITimeFrameB`	`ENUM_TIMEFRAMES`	`PERIOD_H1`	RSI timeframe
`InpMaxSlippageB`	`ulong`	`2`	Max slippage for market operations, points
`InpMagicB`	`long`	`2023111902`	Magic number of the grid
`InpEnabledC`	`bool`	`true`	Grid enabled
`InpMaxTradesC`	`uint`	`5`	MaxTrades: Max grid size
`InpLotsC`	`double`	`0.1`	Lots: Initial grid order lots size
`InpLotsExponentC`	`double`	`1.5`	LotsExponent: Next grid order volume ratio
`InpStepC`	`uint`	`300`	Step: Price distance to open next grid order, points
`InpTakeProfitC`	`uint`	`300`	Take Profit: Distance from grid Break Even, points
`InpRSITimeFrameC`	`ENUM_TIMEFRAMES`	`PERIOD_D1`	RSI timeframe
`InpMaxSlippageC`	`ulong`	`2`	Max slippage for market operations, points
`InpMagicC`	`long`	`2023111903`	Magic number of the grid
`InpRSIMAPeriod`	`uint`	`14`	RSI: MA period, bars
`InpRSIAppliedPrice`	`ENUM_APPLIED_PRICE`	`PRICE_CLOSE`	RSI: Applied price
`InpLogLevel`	`LogLevel`	`LogLevel(INFO)`	Log level

How to install it

1Download the sourceUse "Download source (.zip)" above, or clone sournk/Springfield-3Grids-MT5-Bot 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, and any .mqh files into the Include folder the code expects.

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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