Forex Grid Trader EA
Forex Grid Trader EA — a MetaTrader 4 expert advisor (trading robot) kept in the Old Kings collection. Its name points to a grid of orders at fixed price steps. It works with a grid of orders, moves the stop behind price and can size trades from your risk. It has 14 settings, for example Show Trade Comment (default TRUE), Lots (default 0.02) and Multi Lots Factor (default 1.6). Before any live use, test it on a demo account and check its lot size, stop loss and trading hours. Inside: 1 EA file with source code (.mq4) you can open and edit in MetaEditor. Old Kings are classic community tools shared as-is. Not tested by PolyMaria. Try it on a demo account first. Are you the author of this tool? Message us on Telegram (@abumarket_support) and we will credit you or take it down.
Expert advisor · MT4 · v1.0 · Free
About Forex Grid Trader EA
Forex Grid Trader EA is an expert advisor (trading robot) for MetaTrader 4. It opens a grid of orders at fixed price steps, moves the stop loss behind price (trailing stop / break-even) and can size trades from your balance and risk percent. It has 14 settings, such as Show trade comment, Lots and Multi lots factor. MQL source code included.
Files in the download: ForexGridTraderEA.mq4.
Trading robots can lose money. Check every setting and test on a demo account before using real funds.
Settings
| Setting | Default | What it does |
|---|---|---|
| Show trade comment | TRUE | Comment written on the orders |
| Lots | 0.02 | Trade size in lots |
| Multi lots factor | 1.6 | |
| Step lots | 15.0 | Distance between orders |
| Take profit | 23.0 | Take profit distance |
| Use trailing | FALSE | Trailing stop distance or switch |
| Trail start | 38.0 | Trailing stop distance or switch |
| Trail stop | 18.0 | Trailing stop distance or switch |
| Max open orders | 15 | |
| Safe equity stop out | FALSE | |
| Safe equity risk | 0.5 | Risk per trade (percent of balance) |
| Slippage | 3.0 | Maximum slippage allowed when opening a trade |
| Magic number | 2024536 | Magic number that tells this EA's orders apart |
| Trade comment | FxGridTraderEA | Comment written on the orders |
How to install
- Download the ZIP from your PolyMaria library and unzip it.
- In MetaTrader 4 open File → Open Data Folder, then go to MQL4 → Experts.
- Copy the .mq4 file(s) there. Put any .mqh files in MQL4 → Include.
- Open the .mq4 file in MetaEditor and press Compile (F7) if MetaTrader does not show it.
- Drag the expert advisor from the Navigator onto a chart, check the settings, allow Algo/Auto Trading and press OK.
- Test it first on a demo account or in the Strategy Tester.
Tags: Grid · Trailing Stop & Break-even · Risk & Lot Size · MT4 Expert Advisor · MQL4 Source Code