Available soon
Loading product…
ScorpionGrid is a multi-currency MT5 expert advisor that opens grid trades when RSI and Stochastic reach extreme zones, then manages losing series with a lot multiplier, trailing and a locking order.
Get one message the moment it launches, with its price.
ScorpionGrid is a grid expert advisor for MetaTrader 5. It looks for stretched price moves using RSI and Stochastic, opens a first position when its entry conditions are met, and adds further positions at set distances if price keeps moving against the trade.
The expert watches the RSI and the Stochastic oscillator on each symbol it is attached to. When both move beyond the channel widths you set, it checks additional entry conditions that are built into the expert and are not exposed as inputs. If everything lines up, it opens a position in the direction of the signal.
If price continues against that position, the expert adds more orders to form a grid. The lot size can rise from leg to leg through a multiplier, and the grid is closed once price reaches a breakeven-based take profit. Because of this averaging behaviour, a long one-directional move can build a large combined position, so the risk settings matter a great deal.
The expert is described as multi-currency, so it can be attached to several forex pairs, each with its own magic number. The recommended timeframe is M15. Spreads, swaps and execution speed affect grid systems strongly, so check them on the symbols you plan to use.
The inputs fall into groups. Check each one in the expert's properties window rather than assuming defaults, and test changes on a demo account.
| Group | What it controls |
|---|---|
| Lot management | Fixed lot, automatic lot per deposit amount, lot multiplier and number of legs at the base lot |
| Grid | Minimum distance between orders, maximum number of legs, commission and swap in breakeven |
| Take profit and trailing | Base take profit, level-based take profit, trailing start and distance |
| Entry | RSI period and channel width, Stochastic periods, slowing and channel width |
| Locking | Leg at which a locking order opens and the share of the grid it covers |
| Other | Maximum drawdown for averaging, maximum spread, visual debug, close at drawdown |
Grid and averaging methods can produce many small wins and still suffer a large loss when a trend does not reverse. Keep the lot multiplier and the maximum number of legs modest, and make sure your account can carry the largest grid the settings allow.
Trading carries risk, and you can lose some or all of your deposit. Past results, including any shown by the developer, do not predict future ones. Test on a demo account before using real money.
A VPS is usually advisable so the expert keeps running without interruption.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 5 |
| Strategy focus | Signals, Grid, Momentum |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor (automated trading) |
| Strategy type | Grid with averaging, momentum-based entries |
| Entry indicators | RSI and Stochastic, with additional proprietary conditions |
| Markets | Multi-currency; confirm suitable symbols and broker conditions before use |
| Recommended timeframe | M15 |
| Risk controls | Max trades, max spread, drawdown limits, locking order, trailing |
| Requirements | Algo trading enabled and a stable connection, such as a VPS |
No reviews yet. Customers who own ScorpionGrid can review it here.
No. This product is built for MetaTrader 5 and will not run on MT4. Make sure your broker offers an MT5 account before buying.
M15 is the timeframe the developer recommends. The entry logic can be tuned with the RSI and Stochastic inputs, but test any change on a demo account first.
In MT5 choose File, then Open Data Folder, and copy the expert file into MQL5/Experts. Refresh the Navigator or restart the terminal, drag the expert onto a chart, and allow algorithmic trading in the terminal and in the expert's properties.
It uses a lot multiplier for averaging legs, which works like a martingale-style progression when a trade moves against you. This can increase exposure quickly in a long trend. Review the multiplier, the base lot legs and the maximum number of trades carefully.
The exact minimum deposit is not something this page can state. Check the product's settings and test on a demo account with your broker's spreads, swaps and leverage to see how much margin a full grid would need.
Yes. There are inputs to stop opening averaging orders once drawdown passes a percentage, to close positions at a chosen drawdown on the current pair, and to cap the spread. These reduce exposure but do not remove the risk of loss.
ScorpionGrid
Notify me at launchQuestions about this tool?
Ask us on Telegram Install guide for MT4 and MT5 Get a custom version builtFree, practical help with testing, sizing and running expert advisors.
More MT5 tools with a similar focus.
Own ScorpionGrid? Sign in to review it.