simple grid
Info
The simple grid is a Expert Advisor for MetaTrader 5 that simple_grid is the simplest "grid" expert advisor. this expert advisor sets a grid of pending orders (eitheronly stoporonly limitorders) in both directions from the current price at a distance specified in the input parameters.
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 simple grid
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
simple_grid is the simplest "grid" expert advisor.
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: Simple EMA Cross Expert Advisor with Stop Loss, Take Profit, and Magic Number - another powerful expert for MetaTrader 5 traders.
Also recommended: bg c grid ea - similar expert with strong performance on MetaTrader 5.
simple_grid is the simplest "grid" expert advisor. this expert advisor sets a grid of pending orders (eitheronly stop
or
only limit
orders) in both directions from the current price at a distance specified in the input parameters. the expert advisor has no stop loss. in the period from 23:30 all pending orders that have not been "activated"are deleted, and a new grid of pending orders is set only after 4:00.
in the input parameters of the expert advisor there is an opportunity to set:
pending orders grid step
distance from the current price to the first grid order
number of orders in one direction
select the type of pending orders (either
only stop
orders or
only limit
orders).
size of expected profit (take profit)
fixed lot size
magic number of the expert advisor
attention
!!! this expert advisor
is not intended for trading on a real account and making profit
!!!! the expert advisor was written by me while studying mql5 programming language, now it is a little stylised (unnecessary comments are removed) and is intended only for placement in codebase.
You may also like: xander grid ea for xauusd (mt5) - excellent alternative for expert users on MetaTrader 5.
Source Code
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⚠ 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.