Mgrid Ver7.0 3
Mgrid Ver7.0 3 — a MetaTrader 4 expert advisor (trading robot) kept in the Old Kings collection. This copy is version 7.0.3. It works with a grid of orders, places pending orders and has a trading-hours filter. It has 8 settings, for example lots (default 0.03), Margin Stop (default 200.0) and pips (default 20). Watch it on a demo account for a while — robots can behave differently with each broker. 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 Ver7.0 3
Mgrid Ver7.0 3 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 trades only in the hours you set (time filter). It has 8 settings, such as Lots, Margin stop and Pips. MQL source code included.
Files in the download: mgrid_ver7.0.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 |
|---|---|---|
| Lots | 0.03 | Starting levels pips |
| Margin stop | 200.0 | Stop at margin level |
| Pips | 20 | Number of pips between each level |
| Levels | 3 | Number of levels of the pending orders |
| Profit target | 40 | Minimum profit target, in pips. |
| Continue trading | true | |
| Use entry time | false | |
| Entry time | 0 |
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 · Time Filter · MT4 Expert Advisor · MQL4 Source Code