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Elastic Grid MT5 is a grid expert advisor for MetaTrader 5 hedging accounts. It can reopen closed grid positions and work with time, profit and loss tracking, and it adds information panels for the whole account.
Get one message the moment it launches, with its price.
Elastic Grid MT5 is an expert advisor for MetaTrader 5 that automates, fully or in part, a range of grid trading ideas. It is built for hedging accounts and can be attached to any symbol and any timeframe.
A grid strategy places a series of orders at set distances from one another and manages them as a group. Elastic Grid MT5 provides the tools to build and run such a grid rather than one fixed method, so the trader decides how closely the behaviour follows a particular plan. It handles three main types of activity, and they can be used alone or together:
Because the grid levels are chosen by the trader, they can be placed near price areas you consider to be support or resistance. The expert advisor does not decide for you where those areas are, so plan the levels carefully and check how the available parameters work before going live.
The expert advisor works with its own orders and positions. Each one gets a comment that includes the opening price and the instrument name, and you can add a personal mark to tell instances apart. This makes it possible to run it on several pairs, or on the same pair with different settings. In some situations it can be set to control other positions and orders as well; keep that option off unless you need it.
The tool includes information panels, buttons and notifications that show your own actions and the wider state of the account. Most of them can be moved around the chart, and some can be minimised, scaled or recoloured. Parts of the information features can also be used during ordinary manual trading.
There is no fixed restriction on symbol or timeframe. It can run on one pair, on several pairs at once, and on any number of symbols that your broker offers. Spreads, swaps and contract specifications differ between instruments, so each one needs its own testing.
Settings can be adjusted while the expert advisor is running. The exact parameter names, defaults and ranges should be taken from the documentation supplied with the product and from the input window in your terminal. The table below lists the areas to review before you start.
| Area | What to check |
|---|---|
| Position size | Lot size for each grid level and the total exposure it can reach |
| Grid spacing | Distance between levels relative to the typical range of the symbol |
| Reopening | Whether and how closed grid positions are placed again |
| Time tracking | Schedule and time zone used by your broker |
| Profit and loss tracking | Targets and limits for the group of positions |
| Comment mark | Personal label used to separate several instances |
Grid methods can hold many positions open at once, and exposure can grow quickly if the market moves in one direction. Set limits that fit your deposit, and test on a demo account and in the strategy tester first.
Trading carries risk, and you can lose some or all of your capital. Past results, including tester results, do not predict future ones. Nothing here is financial advice.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 5 |
| Strategy focus | Grid, Support and resistance |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor |
| Account type | Hedging account required |
| Markets | Any symbol, including several symbols at once |
| Timeframes | Any timeframe |
| Trade style | Grid trading, with optional support and resistance based levels |
| Order handling | Manages its own orders; can be set to control other positions in some cases |
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The tool is designed for hedging accounts, where several positions can be open on one symbol at the same time. Check the account type with your broker before buying. On a netting account the grid logic will not behave as intended.
Yes. It can run on several symbols, and even on the same symbol more than once with different settings. Each order carries its own comment so the instance can recognise it. You can also add your own mark to that comment to keep instances apart.
By default it works only with its own positions and orders, so manual trades and other expert advisors are left alone. In some situations it can be configured to manage other positions, so review those options before enabling them.
When you start it again with unchanged settings, it picks up its existing orders and reports what happened to them while it was inactive. Check this behaviour on a demo account before relying on it with real funds.
Copy the expert advisor file into the Experts folder of the MetaTrader 5 data folder, restart the terminal or refresh the Navigator, then drag it onto a chart. Allow algorithmic trading in the terminal options and on the chart.
There is no single setting that suits every account. Test with the strategy tester and a demo account, and adjust lot size, grid spacing and limits to your own deposit and risk tolerance. Confirm the details of each parameter in the documentation that comes with the product.
Elastic Grid MT5
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