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A grid trading expert advisor for MetaTrader 5 that places a limited ladder of market orders in a long, short or two-way direction. Spacing, lot size, trade count, profit targets and price limits are set per direction.
Get one message the moment it launches, with its price.
This expert advisor runs a grid on MetaTrader 5: a ladder of market orders placed at fixed price distances, in one direction or in both. It does not depend on indicators or chart patterns. It works from the price range you define and the exposure you are willing to carry.
You choose a trading direction: buy, sell or bidirectional. For each direction you set how many trades the grid may hold, how far apart they sit in pips, and the lot size of each trade. The EA checks the market when an M1 bar closes and adds or closes trades according to the selected behaviour. Orders are sent at market, so the quoted spread does not decide where a grid level is placed. Individual trades carry no stop-loss or take-profit order.
When every trade in a grid has been placed, the oldest one is closed at a loss and the EA carries on trading. Because the number of trades is capped, the grid is not open-ended, and the exposure can be worked out in advance and is shown on the chart along with swap costs.
The EA is meant for forex, CFDs and futures, subject to what your broker offers. It can be attached to any timeframe, since its decisions are made at M1 bar close. Several symbols can be traded by attaching it to separate charts. Check swap rates before choosing a direction, as holding a grid against a heavy negative swap adds cost over time.
The inputs are repeated for each trading direction. Confirm the exact names and defaults in the input tab of your terminal.
| Input | Purpose |
|---|---|
| Trading direction | Long, short or bidirectional |
| Bidirectional profit target | Combined target for a two-way grid |
| Behaviour | Regular, classic, paused or averaging |
| Trades | Number of trades in the grid; more trades mean more risk |
| Spacing | Distance in pips between trades; wider spacing means more exposure |
| Lot size | Size of each trade; larger sizes mean more risk |
| Phase | Cash-in multiplier applied to the trades |
| Take profit | Profit level at which the grid is reset |
| Limit price | Price beyond which the EA stops trading; zero disables it |
| Anchor price | Reference price for the grid, beyond which it also stops; zero disables it |
| Magic number and comment | Identify and label the EA's trades |
Grids can hold losing positions for a long time while price moves one way, and drawdown grows with the trade count, spacing and lot size. The EA will refuse to trade live if the current settings risk a margin call, but the strategy tester will run any settings regardless. Lot size is manual, so tester results will not show compounding.
Trading carries risk, and past results do not predict future ones. Test on a demo account first and only use settings whose worst case you can afford.
Do not attach it twice to the same symbol, and run it from a VPS or a computer that stays on during market hours.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 5 (expert advisor) |
| Strategy focus | Grid |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor, grid strategy |
| Markets | Forex, CFDs and futures, depending on your broker |
| Timeframes | Attach to any chart; logic is evaluated at M1 bar close |
| Trade style | Long, short or two-way grid of market orders |
| Order handling | Market orders; no stop-loss or take-profit on single trades |
| Position sizing | Manual lot size per grid, no automatic compounding |
| Requirements | Stable connection; a VPS is advisable for continuous running |
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No. This listing is for MetaTrader 5 only. An MT4 terminal cannot load it, so check which platform your broker account uses before buying.
Any chart and timeframe will do, because the EA evaluates its logic when an M1 bar closes. Attach it once per symbol and avoid loading a second copy on the same symbol.
Yes, you can attach it to separate charts for different symbols. The magic number does not need to differ between symbols, but never run two copies on the same symbol.
The EA checks the exposure of your current settings and will not trade live if there is a risk of a margin call. Reduce the number of trades, the spacing risk or the lot size, or add margin, then try again. The strategy tester does not apply this check.
It is better not to unload the EA while a grid is active, because that can interrupt a sequence of orders. Use the paused behaviour for the relevant direction instead.
Not strictly, but the grid is managed by the running terminal. A VPS or an always-on computer during market hours avoids gaps caused by a closed terminal or lost connection.
PZ Grid Trading EA MT5
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