Money Grid V4 Non Hedge FE Buy
From the Old Kings archive: Money Grid V4 Non Hedge FE Buy, 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 and hedged buy / sell positions. The file name marks it as version 4. It works with a grid of orders, places pending orders and can size trades from your risk. It has 10 settings, for example MAGIC NUMBER (default 21090428), Lots (default 0.02) and Max Allowed Lot (default 1.28). 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 · v4 · Free
About Money Grid V4 Non Hedge FE Buy
Money Grid V4 Non Hedge FE Buy 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 10 settings, such as Magic number, Lots and Max allowed lot. MQL source code included.
It also works on several symbols at once.
Files in the download: Money-Grid_V4_Non_Hedge_FE_Buy.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 | 21090428 | Magic number that tells this EA's orders apart |
| Lots | 0.02 | Trade size in lots |
| Max allowed lot | 1.28 | |
| Take profit | 25 | Take profit distance |
| Use stop loss | FALSE | Stop loss distance |
| Stop loss | 100 | Stop loss distance |
| Use friday close | FALSE | |
| Friday close time | 20:00 | |
| Open new orders | TRUE | |
| Close all now | FALSE |
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 · Hedging · Pending Orders · Risk & Lot Size · Multi-Currency · MT4 Expert Advisor · MQL4 Source Code