long and short stepped grid trade
Info
The long and short stepped grid trade is a Expert Advisor for MetaTrader 5 that set grid distance. open a long order for the price fall a grid distance, and o pen a short order for the price rise a grid distance.
Usage
This tool is typically used for automated trading on major forex pairs and gold.
Platform
This Expert Advisor works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Experts folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use long and short stepped grid trade
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
set grid distance.
Typical Use Case
This Expert Advisor excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Expert Advisor works on MetaTrader 5. Place the file in the MQL5/Experts folder and restart the terminal.
Description & Settings
Related: long-only trend breakout ea with advanced risk management - another powerful expert for MetaTrader 5 traders.
set grid distance.
Also recommended: long short only ea based on cexpert - similar expert with strong performance on MetaTrader 5.
open a long order for the price fall a grid distance, and o pen a short order for the price rise a grid distance.when the price rise two grid distance, close the position.
the fund of frist time open position is one-tenth of the required for a grid, and then two-tenths, and so on.
when the equity recaches the take profit of setting, close all positions and restart.
the backtest of eos/usdt in 2021/1/1-2021/8/31. the parameters use the default parameters in the code.
the backtest of aud/usd in 2021/1/1-2021/6/30.
You may also like: price rollback - excellent alternative for expert users on MetaTrader 5.
Source Code
яю//+------------------------------------------------------------------+
#property copyright "RobotFX"
#property link "https://robotfx.org"
#property version "1.00"
#define MAGIC 001
#include <Trade\Trade.mqh> CTrade trade;
#include <Trade\AccountInfo.mqh> CAccountInfo accountInfo;
#include <Trade\SymbolInfo.mqh> CSymbolInfo symbolInfo;
#include <Trade\PositionInfo.mqh> CPositionInfo positionInfo;
input double gridDistance = 0.01; //Grid distance.......
⚠ 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.