Set Pending Grid Limit 3
This Old Kings expert advisor (trading robot) for MetaTrader 4 is called Set Pending Grid Limit 3. As the name suggests, the idea behind it is a grid of orders at fixed price steps. It places pending orders. It has 9 settings, for example gen (default ----General inputs----), Lot (default 0.01) and bos (default ----Direction 1=BUY 2=SE). Run it in the Strategy Tester and then on a demo account to see how it opens and closes trades. Inside: 1 script 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 Set Pending Grid Limit 3
Set Pending Grid Limit 3 is an expert advisor (trading robot) for MetaTrader 4. It places pending buy/sell stop or limit orders. It has 9 settings, such as Gen, Lot and Bos. MQL source code included.
Files in the download: SetPendingGridLimit.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 |
|---|---|---|
| Gen | ----General inputs---- | |
| Lot | 0.01 | Trade size in lots |
| Bos | ----Direction 1=BUY 2=SELL---- | |
| Direction | 1 | |
| Pending price first order | 0 | |
| Number of pendings to set | 5 | |
| Distance orders pips | 20 | Distance between orders |
| Magic number | 12345 | Magic number that tells this EA's orders apart |
| Trade comment | PendingScript | Comment written on the orders |
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 · MT4 Script · MQL4 Source Code