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PlaceGridTrades

PlaceGridTrades – Version 1.04

Welcome.

Have you ever wanted an easy way to open 1, 2, 3, n trades in a grid fashion in one go, each with its own  take profit, with a configurable distance been each trade?

Did you ever want the flexibility to open either STOP or LIMIT trades?

Did you even want an additional flexibility to open trades with a unique magic number and trade comment so that you can put all your trades into one unique basket?

If you did then you have come to the right place.

PlaceGridTrades does exactly that. This was a tool created by me to help me in my trade placement. It has evolved with time and will continue to evolve based on your feedback and suggestions.

Look at the main features described below:

Ability to open 1 to many trades based on the following criteria.

  • Open SellOnly and BuyOnly trades (Stop and Limit Grid)
  • Open StopOnly and LimitOnly trades (Buy and Sell)
  • Open SellStop, SellLimit, BuyStop, BuyLimit trades.
  • Open all types of trades (EA will open both Buy, Sell, Limit and Stop trades) based on the distance specified.

Here are the main parameters:

  • TradeCountInEachSegment (integer), 1 to any number.
  • DistanceInPips (Integer) any number. Distance between each trade in the Grid of the same TradeType.
  • TakeProfitInPips (Integer) any number. Take profit for each trade regardless of the TradeType.
  • MagicNumber (Integer) any number. Unique magic number for all trades open in one iteration. If this is left unchanged all basket of trades will have the same unique number.
  • TradeComment (String). Comment set for each trade in one iteration. If this is left unchanged all basket of trades will have the same comment. The trade number in the grid will be appended to the comment.
  • Lots (Double). Lots for each trade in the grid.
  • Slippage (Integer). Maximum pips in slippage.
  • TradeType (enum). Can be any of the following values:
    • SellOnly
    • BuyOnly
    • StopOnly
    • LimitOnly
    • SellStop
    • SellLimit
    • BuyStop
    • BuyLimit
    • AllTypes

Below please find a few practical examples and corresponding settings.

TradeType – BuyStop

DistanceInPips – 20

TradeCountInEachSegment – 3

TakeProfitInPips - 30

3 BuyStop orders will be open 20, 40 and 60 pips in distance from the ASK with a take profit set at 30 pips for each trade. Say current market is at 1.0000. The following 3 BuyStop Trades will be open:


BuyStop at 1.0020 with TP at 1.0050

BuyStop at 1.0040 with TP at 1.0070

BuyStop at 1.0060 with TP at 1.0090

TradeType – StopOnly

DistanceInPips – 20

TradeCountInEachSegment – 2

TakeProfitInPips - 30

2 BuyStop and 2 SellStop orders will be open 20 and 40 pips distance from the ASK (for Buy) and BID (for Sell) with a take profit of 30 pips for each trade.

For the purpose of this example assume that both the BID and ASK is at 1.0000. The following trades will be open:

 

BuyStop at 1.0020 with TP at 1.0050

BuyStop at 1.0040 with TP at 1.0070

SellStop at 0.9980 with TP at 0.9950

SellStop at 0.9960 with TP at 0.9930

TradeType – AllTypes

DistanceInPips – 20

TradeCountInEachSegment – 1

TakeProfitInPips - 30

1 BuyStop, 1 BuyLimit, 1 SellStop and 1 SellLimit will be open 20 pips apart from the current market.

For the purpose of this example assume that both the BID and ASK is at 1.0000. The following trades will be open:

 

BuyStop at 1.0020 with TP at 1.0050

SellStop at 0.9980 with TP at 0.9950

BuyLimit at 0.9980 with TP at 1.0010

SellLimit at 1.0020 with TP at 0.9990


  • All trades will have the MagicNumber and TradeComment placed with the trades.
  • The lot size will be as set with the Lots parameter.
  • The EA will automatically adjust for 4- and 5-digit brokers. You do not have to change the pip variables to cater to this.
  • The EA must be removed once the trades are placed. It won’t repeat the cycles of placing trades UNLESS the time frame is changed or MetaTrader 4 is closed and reopened in which case the EA will reset and replace the trades based on the current market position. So it is always a good idea to remove the EA once the iteration is complete.






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LIMITED TIME SALE - 30% OFF, WAS $99, NOW $69! Turn any trading strategy into a position trading strategy or trade the proven RSI & ADR based position trading strategies, including automated drawdown control system for positions that move against you. This EA is an evolution and a simplification of the MRA EA that has been used for position trading strategies taught on the Market Structure Trader website for many years. See my profile for a link to the website, free position trading course and
Scalper Dragon
Van Hoa Nguyen
4.72 (29)
Scalper Dragon is a scalping robot developed for GBPUSD, USDCHF, EURAUD pairs. The current version adds a few features that increase system consistency. Trade with the scaling strategy on the M5 timeframe. Orders always come with stoploss, fixed takeprofit.  SETFILE Download  Scalper dragon version 3.8 is the latest version upgraded and added features such as: option to close orders early to avoid stoploss, add magic number to manage orders, add comments and add RSI oversold, overbought conditi
Way To Stars is a night scalping EA specifically designed to trade during periods of low market volatility to capitalize on low-risk opportunities. This night scalping EA focuses on capturing small price movements for frequent trading, thereby accumulating profits over time. It employs strict stop-loss measures to limit potential losses per trade, ensuring effective risk management. Way To Stars is a genuine and honest trading system that does not rely on purported neural networks, artificial in
Bonnitta EA
Ugochukwu Mobi
2.9 (20)
Bonnitta EA  is based on Pending Position strategy ( PPS ) and a very advanced secretive trading algorithm. The strategy of  Bonnitta EA  is a combination of a secretive custom indicator, Trendlines, Support & Resistance levels ( Price Action ) and most important secretive trading algorithm mentioned above. DON'T BUY AN EA WITHOUT ANY REAL MONEY TEST OF MORE THAN 3 MONTHS, IT TOOK ME MORE THAN 100 WEEKS(MORE THAN 2 YEARS) TO TEST BONNITTA EA ON REAL MONEY AND SEE THE RESULT ON THE LINK BELOW. B
Black Friday Sales - 30% off, limited quantity available. Live Signal-1 :   Click here MT5 Version :   Click Here Get Quantum Pip for free (for 2 trade accounts) -> contact me after purchase Welcome to Nasdaq Algo Trading This EA (Expert Advisor) is created and designed by a team with over 13 years of programming and trading experience. The EA focuses on developing a system that can deliver long-term and stable profits. It employs risk-free strategies, avoiding Martingale, Grid, and Hedging
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