Grid Template 4
Grid Template 4 is an expert advisor (trading robot) for MetaTrader 4 from the Old Kings collection. As the name suggests, the idea behind it is a grid of orders at fixed price steps. It works with a grid of orders, places pending orders and can size trades from your risk. It has 11 settings, for example Magic Number (default 987654321), Ea Comment (default Grid_Template) and Static Lot (default 0.01). Run it in the Strategy Tester and then on a demo account to see how it opens and closes trades. 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 Grid Template 4
Grid Template 4 is an expert advisor (trading robot) for MetaTrader 4. It opens a grid of orders at fixed price steps, places pending buy/sell stop or limit orders and can size trades from your balance and risk percent. It has 11 settings, such as Magic number, Ea comment and Static lot. MQL source code included.
Files in the download: Grid_Template (1).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 |
|---|---|---|
| Magic number | 987654321 | Magic number |
| Ea comment | Grid_Template | Order comment |
| Static lot | 0.01 | Static lots size |
| MM | false | Money Management |
| Risk | 2 | Risk % |
| Take profit | 20. | Take Profit in pips |
| Stop loss | 30. | Stop loss in pips |
| Price distance | 15. | Distance from price in pips |
| Grid step | 10. | Step between grid orders in pips |
| Grid orders | 5 | Amount of grid orders |
| Pending expiration | 4 | Pending expiration after xx hours |
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 · Pending Orders · Risk & Lot Size · MT4 Expert Advisor · MQL4 Source Code