Simple Grid
This is a powerful addition to your MetaTrader 5 toolkit designed to optimize market analysis and performance. 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 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.
Description & Settings
Simple_Grid is the simplest "grid" Expert Advisor. This Expert Advisor sets a grid of pending orders (either
only 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.
