Understanding Simple_Grid
The Simple_Grid is your go-to Expert Advisor (EA) that simplifies the grid trading strategy. It sets up a series of pending orders—either stop or limit orders—on both sides of the current market price, spaced out according to your preferences. One thing to note is that this EA does not employ a Stop Loss, so it’s best used for education rather than real trading.
How It Works
From 23:30, any pending orders that haven’t been triggered will be wiped out, and a fresh grid of pending orders will be established after 4:00. This means you can set it and forget it during those late-night hours!
Customizing Your EA
The Simple_Grid allows you to tailor your grid strategy with several input parameters:
- Grid step for pending orders
- Distance from the current price to the first grid order
- Number of orders you want in one direction
- Type of pending orders (either stop or limit)
- Target profit (Take Profit)
- Fixed lot size
- Magic number for the EA
Important Note
CAUTION: This Expert Advisor is not designed for live trading or making real profits! It was created during my journey to learn the MQL5 programming language and has been slightly polished (unnecessary comments have been removed). It’s primarily intended for sharing on CodeBase as a learning tool.
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