Grid EA Pro
This professional-grade solution for MetaTrader 4 helps traders achieve greater efficiency in their daily workflow. This Expert Advisor serves as automated trading software. It is utilized to monitor financial markets and execute trades based on predefined algorithmic rules, enabling precise position management without the need for constant manual oversight.
How to Setup 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.
Description & Settings
A professional Grid advisor works according to
RSI
( Relative Strength Index ) indicators. And has the function of
Reducing the Drawdown
on 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
