Grid Manual MT5

[TopicStarter]

Introduction​

So, you've stumbled upon Grid Manual MT5, a trading robot that's supposed to make your life easier by automating grid strategies. With a rating of 4.83 and user reviews that are mostly positive, it's tempting to think this tool is flawless. But let's not get ahead of ourselves. Even the best tools have their quirks. Let's dive into what this robot can do, how to set it up, and some tips to make it work better for you.

Installation and Setup​

Installing Grid Manual MT5 is straightforward, but setting it up for maximum efficiency requires a bit more finesse. Here’s a step-by-step guide:

• Download the robot from this link.
• Open MetaTrader 5 and navigate to the File menu.
• Select Open Data Folder and then go to the MQL5 directory.
• Place the downloaded file in the Experts folder.
• Restart MetaTrader 5.
• Attach the robot to your desired chart.
• Configure the input parameters such as Grid Spacing, Grid Levels, and Fixed Lot Size.
• Enable or disable features like ATR-based spacing, trailing stop, and breakeven adjustments.

Remember, the default settings might not be ideal for your trading style. Tweak them according to your risk tolerance and trading strategy.

User Experience​

Using Grid Manual MT5 is like having a somewhat reliable assistant. It does a decent job at managing grid orders, displaying breakeven levels, and calculating profit margins. However, it’s not without its flaws. For instance, the color of the hanging order lines is always blue, which can be annoying if you prefer a different color scheme. User zbairen985 pointed this out, and it’s a valid concern. Customization options are limited, and occasional crashes can disrupt your trading flow.

Tips for Improvement​

Here are some tips to get the most out of Grid Manual MT5:

• Customize Settings: Don't rely on default settings. Adjust the grid spacing, lot sizes, and other parameters to fit your trading strategy.
• Monitor Performance: Keep an eye on the robot’s performance. If you notice any issues, tweak the settings or restart the robot.
• Use ATR for Dynamic Spacing: If market conditions are volatile, using ATR for dynamic grid spacing can be beneficial.
• Regular Updates: Check for updates regularly. The developer might add new features or fix existing bugs.

Source Code of Grid Manual MT5​

We don't have access to the original source code of the Grid Manual MT5 robot sold on MQL5. However, based on its description, we can create a similar code. This code is an example provided by easytradingforum.com and is not the original robot. If you have any questions about the code, feel free to ask.

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Download Grid Manual MT5 for Free​

Looking to get your hands on Grid Manual MT5? While we don't sell the original robot, you can download a sample code based on its description from this link. If you have any questions or need further assistance, our team at EASY Trading Team is here to help. Remember, this is just an example code, and we do not sell the Grid Manual MT5 robot.

 

[Ben Sullivan]

Kudos to the developer for this awesome utility! I'm quite pleased with it so far. However, I'm currently facing a snag: one of the critical functions isn't operational. I'm optimistic the developer can assist with this glitch. By the way, you can deactivate pending orders by setting the pending order input parameter to false. When done, the tool will avoid opening any pending trades. Instead, it will initiate a buy or sell position once the inquiry or bid price reaches the specified level.