Make Grid 50 100 200 30pips Stop70
From the Old Kings archive: Make Grid 50 100 200 30pips Stop70, an expert advisor (trading robot) for MetaTrader 4. As the name suggests, the idea behind it is a grid of orders at fixed price steps. In the code it works with MACD and moving averages. It works with a grid of orders, places pending orders and trades breakouts. It has 17 settings, for example unique Grid Magic (default 11111), Lots (default 0.05) and Grid Size (default 20). 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 Make Grid 50 100 200 30pips Stop70
Make Grid 50 100 200 30pips Stop70 is an expert advisor (trading robot) for MetaTrader 4 based on MACD and Moving Average. It opens a grid of orders at fixed price steps, places pending buy/sell stop or limit orders and trades breakouts. It has 17 settings, such as Unique grid magic, Lots and Grid size. MQL source code included.
Files in the download: MakeGrid_50_100_200_30pips_stop70.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 |
|---|---|---|
| Unique grid magic | 11111 | Magic number of the trades. must be unique to identify |
| Lots | 0.05 | Trade size in lots |
| Grid size | 20 | pips between orders - grid or mesh size |
| Grid steps | 10 | total number of orders to place |
| Take profit | 30 | number of ticks to take profit. normally is = grid size but u can override |
| Stop loss | 70 | if u want to add a stop loss. normal grids dont use stop losses |
| Update interval | 1 | update orders every x minutes |
| Want longs | true | do we want long positions |
| Want shorts | true | do we want short positions |
| Want breakout | true | do we want longs above price, shorts below price |
| Want counter | true | do we want longs below price, shorts above price |
| Limit ema50 | true | do we want longs above ema only, shorts below ema only |
| Limit ema100 | true | do we want longs above ema only, shorts below ema only |
| Limit ema200 | true | do we want longs above ema only, shorts below ema only |
| Grid max open | 0 | maximum number of open positions : not yet implemented.. |
| Use macd | true | if true, will use macd >0 for longs only, macd >0 for shorts only |
| Close open positions | false | if UseMACD, do we also close open positions with a loss? |
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 · Breakout · MACD · Moving Average · MT4 Expert Advisor · MQL4 Source Code