204060 Program AI Grid System
Info
The 204060 Program AI Grid System is a Expert Advisor for MetaTrader 4 that the grid system is a money maker in weak markets, but it can be a disaster in trending markets. To avoid this, consider closing all positions at a certain time and running the system again at another time, similar to a fisher.
Usage
This tool is typically used for automated trading on major forex pairs and gold.
Platform
This Expert Advisor works exclusively on MetaTrader 4 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL4/Experts folder via File ? Open Data Folder in MetaTrader 4.
How to Install and Use 204060 Program AI Grid System
1. Installation: Open the "File" menu, select "Open Data Folder," navigate to MQL/Experts, paste your file, and restart the terminal.
2. Activation: Drag the EA from the Navigator onto a chart, ensure "Allow live trading" is checked in the Common tab, and verify the AutoTrading button is green.
3. Optimization: Right-click your chart, choose "Expert List," click "Properties" to adjust inputs, and save your preferred setup as a set file for future use.
4. Maintenance: Regularly check the "Experts" tab in the terminal window to monitor trade logs and potential execution errors.
Frequently Asked Questions
Q: Why is my EA not opening trades? A: Check the "AutoTrading" button, ensure "Allow live trading" is enabled, and verify your broker allows automated trading on your account type.
Q: Can I run multiple EAs on one chart? A: No, each chart can only host one active EA; however, you can open multiple charts for different currency pairs to run several EAs.
Q: What does the "smiley face" icon mean? A: A smiley face in the top-right corner of the chart indicates the EA is successfully running; a frowny face means it is disabled.
What this tool does
The grid system is a money maker in weak markets, but it can be a disaster in trending markets.
Typical Use Case
This Expert Advisor excels in automated trading and technical analysis on MetaTrader 4.
Compatible Platform & Setup
This Expert Advisor works on MetaTrader 4. Place the file in the MQL4/Experts folder and restart the terminal.
Description & Settings
Related: 204060 Program - another powerful expert for MetaTrader 4 traders.
The grid system is a money maker in weak markets, but it can be a disaster in trending markets. To avoid this, consider closing all positions at a certain time and running the system again at another time, similar to a fisher.Also recommended: example of commodity channel index automated - similar expert with strong performance on MetaTrader 4.
Overview of the System
The 204060 Program AI Grid System is an AI grid system that allows for manual control. When executing, it creates a typical grid graph. However, if all positions are not closed at some time, it may become a disaster when a trend emerges, similar to a fisher encountering a storm at sea.
In trending markets, you may use a large grid size and choose to only go long or only go short.
Key Features
- The system includes a close all function with equity increase/decrease control, which is disabled by default and set to 10%.
- The system supports ECN brokers because it uses all limit and stop orders.
- The system automatically supports 4/5 digit brokers, with a default grid size of 20, which means 20 points at a 4-digit broker and 200 points at a 5-digit broker.
You may also like: Line Order Indicator v2.1 - excellent alternative for expert users on MetaTrader 4.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
string gridname = "aigrid"; // identifies the grid. allows for several co-existing grids
extern int magicnumbergrid = 10001; // magic number of the trades. must be unique to identify the trades of one grid
extern double lots = 0.01; //
extern bool considerspread = false;
extern double gridsize = 20; // pips between orders - grid or mesh size
extern double basetakeprofit = 50; // number of ticks to take profit. normally is = grid size but u can override
extern double slippage = 2.5;
extern double gridsteps = 10; // total number of orders to place.......
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.