grid ea pro
Info
The grid ea pro is a Expert Advisor for MetaTrader 4 that a professional grid advisor works according to rsi( relative strength index ) indicators. and has the function of reducing the drawdownon the account by overlapping unprofitable orders.
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 grid ea pro
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
a professional grid advisor works according to rsi( relative strength index ) indicators.
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: moving average grid ea - another powerful expert for MetaTrader 4 traders.
a professional grid advisor works according to
rsi
( relative strength index ) indicators. and has the function of
Also recommended: 204060 Program AI Grid System - similar expert with strong performance on MetaTrader 4.
reducing the drawdownon the account by overlapping unprofitable orders. the chart displays information about the profit. it can be a very useful tool, for manual trading.
⚡ recommend ecn broker with low spread: ic market , exness, nordfx , fxprimus , alpari , fxtm
⚡ pls try this ea with demo account account!
⚡ it good to combo with buy sell signals to follow trend and sellect buy only/sell only for ea work semi-automatic.
options:
rsi_period
- period for calculating the relative strength index;
up_level
- upper bound;
dn_level
- lower bound;
rsi_timeframe
- timeframe for calculation;
start_lot
- initial lot;
lot_multiplier
- lot multiplier in the order grid;
max_lot
- maximum lot;
step_orders
- order grid step;
step_multiplier
- order step multiplication factor, if = -1 then it is not used;
max_step
- maximum order grid step;
overlap_orders
- from which order to enable the order overlap function;
overlap_pips
- minimum profit in pips for closing unprofitable orders;
stoploss, takeprofit
- stop loss and take profit in pips, if = -1 is not used;
breakeven_stop, breakeven_step
- level and step of breakeven, if = -1 is not used;
trailing_stop, trailing_step
- trailing stop level and step, if = -1 is not used;
magic_number, orders_comment
- magic order number and comment;
start_time, end_time
- time at which it is allowed to open orders. if = "00:00", then not used
You may also like: grid - excellent alternative for expert users on MetaTrader 4.
Source Code
#property copyright "RobotFX"
#property link "https://robotfx.org"
#property version "2.0"
#property strict
enum ENUM_STRATEGY
{
RSI = 1,
Fixed_Points = 2,
MANUAL = 3
};.......
⚠ 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.