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Experts

RSI Grid EA Pro - expert for MetaTrader 5

Vivek Kumar
Views:
659
Rating:
(2)
Published:
Updated:
Grid EA Pro.mq5 (68.59 KB) view
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This Expert Advisor is designed to assist traders by combining RSI-based signal logic with a grid trading system to manage positions dynamically.

Follow for more updates and new EA: https://www.mql5.com/en/channels/structured_fx_trades

The EA opens trades based on RSI levels and continues building positions using a grid approach when the market moves against the initial trade. To help reduce drawdown, it includes an overlap function, which intelligently closes combinations of profitable and losing trades when specific conditions are met.

Features:

  • Adjustable lot sizing (fixed, balance-based, or risk-based)
  • Grid step and multiplier control
  • Trailing stop and breakeven management
  • Manual trading panel (Buy/Sell buttons)
  • Time filter for controlled trading sessions

This EA is highly customizable, allowing traders to adjust risk according to their strategy. However, due to the nature of grid trading, proper risk management is essential.

⚠️ Important Notes:

  • Works only on Hedging accounts
  • Not compatible with Netting accounts
  • Recommended to test on a demo account first
  • Grid strategies can carry high risk in trending markets
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