Reversing Grid on Limit orders – expert for MetaTrader 5

  • Platform: Metatrader5
  • Currency pairs: Any pairs, indices and metals
  • Trading Time: Around the clock
  • Recommended broker: icmarkets, XM
  • This is a Grid system which opens first trade with market order and next orders of the Grid with Limit Pending orders.

    This code can be used in both MetaTrader5 and MetaTrader4. Just change the file extension from .mq5 to .mq4 and
    compile the file in MetaEditor.

    This expert advisor is designed with visual strategy builder – Mission Automate. Code is generated
    automatically. More info:
     https://www.mql5.com/en/articles/4951

    This EA is available as a template in a free demo version, so you can easily modify / customise it without programming.

    Parameters

    inputs

    First trade type is specified by the user, and after that Grids reverse buy/sell/buy/sell etc.

    Trading

    trades

    • 1. Open MT5 trading software – “File” – “Open Data Folder” in the upper right corner
    • 2, find the “MQL5” folder – “Experts”, put the EA in this folder
    • 3, need to refresh or restart the trading software to display EA, find “EA” in “Navigation” – “EA Trading”
    • 4, find the EA you need to use, right click the mouse, select “attach to the chart” (additional chart: EA uses the currency to be linked, if you need to hang Europe and America, please attach to the AUDUSD chart)
    • 5. After adding the chart, set the EA parameter. In the “Common” option, select “Multi-empty position” and check the box in front of “Allow real-time automatic trading”
    • 6, in the “input parameters”, set the relevant parameters, generally modify the number of single hand, jiacang distance, loss ratio, 10,000 US dollars according to the minimum parameter settings, after setting “confirm
    • 7. After setting the EA parameters, start the EA. In the “Tools” – “Options” – “EA” – check “Allow DLL import” to confirm