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Magic Grid

FREE

Published: 14 April 2016

Current version: 4.4

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Overview
Reviews (34)
Comments (187)
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Magic Grid

Name: Magic Grid
Rating: 4.44 (25 reviews)
Author: Aliaksandr Charkes

4.44

Experts
Aliaksandr Charkes
Version: 4.4
Updated: 17 October 2024

Magic Grid is an indicator-free advisor that uses a grid strategy. The strategy is based on automatic reopening of grid pending orders, after closing their market positions (by Take-Profit, Stop-Loss or manually). Pending orders are placed with a specified step from the initial prices, which can be entered manually or generated automatically (one time at the beginning of the trade). The robot can trade on any time frame, on any currency pair, on several currency pairs, and on any number of digits. It does not interfere with manual trading or the trading of other advisors. It only works with its own orders and provides all the necessary information about them as needed.

The Magic Grid information panel, together with the system of various alerts, provides reliable control over the advisor's entire trading. With the help of the panel, you can always check the declared number of orders and positions in relation to their actual market number. Depending on the situation, the advisor issues various reports on any important changes in its work or any errors that have occurred. For example, alerts are issued about the number of restored orders if any positions were closed during the time the terminal was turned off, exceeding the maximum allowed number of orders, a pending order not being placed due to a price being too close, and so on...

Settings

Initial price for BUY orders - Initial price for creating a grid with BUY orders
If the value is equal to 0, this price will be automatically selected. In this case, this price will be considered the starting price until the trade is finished or a value is manually set for it. The automatic selection is based on the values of the minimum allowed deviations (from the current market prices) for pending orders (at the start of trading).
Quantity of BuyUP price levels from Initial Price - number of Buy orders up from the initial price (can be zero)
Quantity of BuyDOWN price levels from Initial Price - number of Buy orders down from the initial price (can be zero)
Grid Step for BUY orders - grid step between Buy orders for the current grid (calculated in points of the selected pair)
Take-Profit for each BUY order - Take-Profit value for each Buy order of the current grid (calculated in points, can be zero)
Stop-Loss for each BUY order - Stop-Loss value for each Buy order of the current grid (calculated in points, can be zero)
Lot size for each BUY order - lot size for each pending BUY order of the current grid

The settings for the Sell Grid are identical to the settings for the Buy Grid

Enable Top Panel - turning on the top information panel
Top Panel scale - top panel scale
Text color - top panel text color
Background color - top panel background

Magic number for all expert's orders - any group of numbers (no more than 9)
The magic number is used to separate EA orders from any other orders. It is also important to change this number when using the advisor on different currency pairs simultaneously, or on the same currency pair, but with different settings.
Comments for EA orders - user comment for each order of the Expert Advisor (not more than 5 characters)
Language - EA language switch (mostly English is used)

Testing

When testing an Expert Advisor in the Strategy Tester, you should take into account the limitation on the maximum number of orders for the selected broker. If it is exceeded, the EA will not place a single order!

All missed ticks only reduce the effectiveness of the advisor, because its work is based on volatility, and the lower it is, the less likely it is to fix possible profit.

Additional Information:

Answers to the most popular questions... >>

Detailed description of the settings... >>

p.s. Additional video here... >>

more...

Brgy 2024.08.16 13:29 #

tested on btcusd its really a gem good app

1153

Bi Zhou 2024.03.20 15:47 #

very useful EA! and hope more function for this EA so it can be more affective, I've already written for you

2325

MattyTrading 2024.02.17 07:49 #

Buen ROBOT ,MUY AGRESIVO , minima inversion 10,000 dolares ,GANA , GANA Y GANA .GRACIAS

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Magic Grid MT5 is a non-indicator Expert Advisor using a grid strategy (on a hedging account). The strategy is based on automatic reopening of grid pending orders, after closing their market positions (by Take-Profit, Stop-Loss or manually). Pending orders are placed with a specified step from the initial prices, which can be entered manually or generated automatically (once at the beginning of the trade). The robot can trade on any timeframe, on any currency pair, on several currency pairs,

35 USD

Master Grid MT5 is a multifunctional grid Expert Advisor designed to fully or partially automate various ideas related to grid trading (on a hedging account ). The Expert Advisor can trade on any timeframe, on any currency pair, on several currency pairs, on any number of signs. It does not interfere with manual trading, trading of other Expert Advisors, or the operation of any indicators. It allows you to adjust your settings on the fly, works only with your own positions and orders, and fo

100 USD

Elastic Grid MT4 is a multi-functional grid Expert Advisor, designed for full or partial automation of various ideas related to grid trading. The EA trades on any timeframe and symbol. It can also trade several symbols with any amount of decimal places. It does not interfere with manual trading and other EAs' operation or any indicators. It allows to adjust its settings on the fly, works only with its own orders displaying all necessary data on them when needed, and for some situations it can be

65 USD

User Grid MT4 is a multifunctional grid Expert Advisor designed to fully or partially automate various ideas related to grid trading. The Expert Advisor can trade on any timeframe, on any currency pair, on several currency pairs, on any number of signs. It does not interfere with manual trading, trading of other Expert Advisors, or the operation of any indicators. It allows you to adjust your settings on the fly, works only with your own positions and orders. It has a clear information syste

40 USD

User Grid MT5 is a multifunctional grid Expert Advisor designed to fully or partially automate various ideas related to grid trading (on a hedging account) . The Expert Advisor can trade on any timeframe, on any currency pair, on several currency pairs, on any number of signs. It does not interfere with manual trading, trading of other Expert Advisors, or the operation of any indicators. It allows you to adjust your settings on the fly, works only with your own positions and orders. It has a

55 USD

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[Deleted] 2025.03.09 03:54 #

User didn't leave any comment to the rating

Katumu81 2024.09.09 21:44 #

Great EA, great potential only 1 problem. No risk management. on a strong 200-300 pip trend, you could blow your account.

Ive just seen your response, no need to get offended, I asked you privately to show me the EA with risk management and explain clearly what exact risk managements in place, but I still dont have any clear answers from you. Just links and general statements. Show me your EA with good risk management and explain it properly and ill buy it

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Reply from developer Aliaksandr Charkes 2024.09.12 22:09 #

You should not demand anything special from a free product. If you feel sorry for the money or don't have the opportunity to buy more advanced versions, you need to learn to use what you have and turn on the head when necessary. Asking questions about risk management in private after writing a review with the assertion that it is nowhere to be found is at the very least ugly and I didn't think it was necessary to answer this. p.s. it's a pity that it is not possible to post the correspondence you are talking about here

Brgy 2024.08.16 13:29 #

tested on btcusd its really a gem good app

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Bai Han Wu 2024.05.17 04:06 #

can it reversecopy ?

1153

Bi Zhou 2024.03.20 15:47 #

very useful EA! and hope more function for this EA so it can be more affective, I've already written for you

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agrushev777 2024.02.17 17:24 #

User didn't leave any comment to the rating

2325

MattyTrading 2024.02.17 07:49 #

Buen ROBOT ,MUY AGRESIVO , minima inversion 10,000 dolares ,GANA , GANA Y GANA .GRACIAS

587

121887704 2024.02.03 10:36 #

Lavora bene.. provatelo in demo... lo consiglio

igpearse 2023.10.17 15:53 #

Wow! This is the best of all the robots I have ever used. Please what is the best VPS that can be use with this Robot Thanks a million and God bless u boss.

SafaaLegend 2023.09.20 22:12 #

great for semi ea operation

amin.adel.gorgani 2023.08.25 08:50 #

when I close some size of a position (but not completely) it reopens the pending position again. if you could just fix this problem it will be really great. thank you.

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Reply from developer Aliaksandr Charkes 2023.08.25 15:51 #

I didn't find any problems with partial market position closing. Please describe the issue in more detail here:
https://www.mql5.com/en/market/product/15791?source=Site+Messages#!tab=comments

Quick Facts 2023.08.04 20:58 #

so well thought trough! Just Magical

96952817 2023.02.20 17:02 #

GOOD VERY GOOD.

Muhammad Ramzan 2023.01.18 12:06 #

HELLO SIR CAN YOU GIVE ME ITS MQL4 FILE?

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Reply from developer Aliaksandr Charkes 2023.01.18 14:39 #

Source code is not sold or donated

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Webster Traille 2023.01.17 10:39 #

This is pure nonsense.

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Reply from developer Aliaksandr Charkes 2023.01.17 11:41 #

Learn to use the tester and choose the right settings for the forecast period

258

Van Luc Tran 2022.12.24 04:45 #

Tested, It's best EA, good trade with some ID is double amount within 1 day, Lot 0.02, EUR/USD 200TP/day :). But i need set.file, could you help me?

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Reply from developer Aliaksandr Charkes 2022.12.24 10:45 #

Hello, this EA is for people who already have their own grid strategy and it allows you to fully or partially automate it. The settings depend on the current state of the market and you should already understand this. There can be no ready-made sets here.

13143

Cristian Mihail Pauna 2022.09.29 05:20 #

User didn't leave any comment to the rating

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Reply from developer Aliaksandr Charkes 2022.09.29 10:19 #

I haven't received any messages from you

360

Luis Neto 2022.07.29 20:56 #

Gostei sigo para experencia

denis1 Doc 2022.06.30 23:06 #

Здравствуйте скажете пожалуйста на каком Тайфренде торговать ваши роботам? И с какой минимальной суммы можно зайди??

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Reply from developer Aliaksandr Charkes 2022.07.01 08:29 #

https://www.mql5.com/ru/market/product/15791#!tab=comments&page=4&comment=40520057

9027

Amos Tsopotsa 2022.06.28 21:03 #

This EA works very good do you have a version for MT5 thanks

16289

Reply from developer Aliaksandr Charkes 2022.06.29 12:14 #

https://www.mql5.com/en/market/product/76546

1 2

Version 4.4 2024.10.17

Changes to the system of automatic generation of initial grid prices

Version 4.3 2024.08.23

Optimization

Version 4.2 2024.01.29

Improved control of grid levels.
The update is only suitable for new grids!

Version 4.1 2023.03.14

Improved error control system and system of various checks

Version 4.0 2022.06.28

Lots of small improvements
Only for new grids!

Version 3.64 2018.07.20

Added the ability to define separate setting for BUY and SELL orders.

Fixed some bugs.