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Magic Grid MT5 is a grid expert advisor for hedging accounts. It places pending buy and sell orders at a fixed step and re-places them after their positions close, and a dashboard shows order counts and alerts.
Get one message the moment it launches, with its price.
Magic Grid MT5 is an expert advisor that builds a grid of pending orders around a starting price and keeps that grid in place by re-placing orders whenever their positions are closed. It does not use indicators. It needs a hedging account on MetaTrader 5.
The EA places pending buy orders and pending sell orders at a regular distance from each other, measured in points. When the market fills one of these orders and the resulting position closes, whether by take profit, stop loss or by hand, the EA places the same pending order again at its original level. The grid therefore stays in position and trades repeatedly as price moves through it.
The starting price for each side can be typed in by hand. If you leave it at zero, the EA chooses one automatically when trading begins, based on the minimum distance your broker allows between market price and a pending order. That price then stays as the reference until you change it or the trade is finished.
The EA can be attached to any symbol and any timeframe, and several instances can run at once. Because the logic follows price levels and not chart patterns, the timeframe mainly affects how often the EA is evaluated. The method depends on price movement, so missing ticks in testing can distort results.
A panel at the top of the chart compares the number of orders and positions the EA expects with the number that actually exist. Alerts report important events, such as orders restored after the terminal was switched off, the maximum order count being exceeded, or a pending order that could not be placed because price was too close to it.
Names below are paraphrased. Check the exact labels and defaults in the input window.
| Setting | Purpose |
|---|---|
| Initial price (buy and sell) | Reference price for each grid; zero selects it automatically |
| Levels up and down | How many orders sit on each side of the initial price |
| Grid step | Distance between orders, in points |
| Take profit and stop loss | Per-order exits in points; zero disables them |
| Lot size | Volume of each pending order |
| Restore after close | Turns automatic re-placing on or off |
| Magic number | Up to nine digits; separates the EA's orders from others |
| Order comment | Short text, up to five characters |
| Panel options | Show or hide the panel, scale, text and background colours |
| Language | Interface language, mostly English |
Grid systems can open many positions in the same direction when price trends, and the floating loss can grow quickly, especially with a wide grid, no stop loss or large lot sizes. Check the margin your account would need if the whole grid filled, and confirm your broker's limit on pending orders.
Trading carries risk, and you can lose some or all of your capital. Past results, including tester results, do not predict future ones. Test on a demo account first and only trade amounts you can afford to lose.
When testing in the Strategy Tester, keep the broker's maximum order limit in mind, because the EA will place no orders if the grid would exceed it.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 5 (hedging account required) |
| Strategy focus | Grid |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor |
| Trade style | Grid with automatic re-placing of pending orders |
| Markets | Any symbol; can run on several pairs |
| Timeframes | Any |
| Indicators used | None; the logic is price-level based |
| Order control | Magic number and short order comment |
| Interface | Top information panel, alerts, language switch |
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No. The strategy relies on several independent positions and pending orders in both directions, so it is designed for a hedging account. Check your account type with your broker before you buy.
Yes. Attach it to each chart you want to trade and give every instance its own magic number. The same applies if you run two instances with different settings on one symbol.
It only manages orders that carry its own magic number, so manual trades and other advisors are left alone. Make sure no other tool uses the same magic number.
The right grid step, lot size, take profit and stop loss depend on the symbol, your account size and your risk tolerance. No universal values are given here. Test on a demo account and in the Strategy Tester before using real money.
Brokers limit the maximum number of open and pending orders. If the grid would exceed that limit, the EA places no orders. Reduce the number of levels or check your broker's limit. Use quality tick data too, because the method depends on price movement.
Copy the expert advisor file into the Experts folder of your MetaTrader 5 data directory, restart the terminal or refresh the Navigator, allow algorithmic trading, and drag the EA onto a chart.
Magic Grid MT5
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