MGRID EA 7
This Old Kings expert advisor (trading robot) for MetaTrader 4 is called MGRID EA 7. It places pending orders, has a trading-hours filter and can size trades from your risk. It has 8 settings, for example INCREMENT (default 35), LOTS (default 0.1) and LEVELS (default 3). 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 MGRID EA 7
MGRID EA 7 is an expert advisor (trading robot) for MetaTrader 4. It places pending buy/sell stop or limit orders, trades only in the hours you set (time filter) and can size trades from your balance and risk percent. It has 8 settings, such as Increment, LOTS and Levels. MQL source code included.
Files in the download: mGRID EA.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 |
|---|---|---|
| Increment | 35 | |
| LOTS | 0.1 | Trade size in lots |
| Levels | 3 | |
| Max lots | 99 | |
| MAGIC | 1803 | Magic number that tells this EA's orders apart |
| Continue | true | |
| Money management | false | |
| Risk ratio | 2 | Risk per trade (percent of balance) |
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: Pending Orders · Time Filter · Risk & Lot Size · MT4 Expert Advisor · MQL4 Source Code