MT5 Grid EA with Auto Re-Anchor, Anti-Failure Logic, and Global Take Profit System

Job finished

Execution time 12 days
Feedback from customer
approved! thank you Rodrigue
Feedback from employee
Happy to work with you

Specification

💼 Job Description (full text for MQL5 Jobs)

Project Overview

I need a MetaTrader 5 Expert Advisor (MQL5, Hedge account) that executes a grid-based anti-failure strategy.
The EA should anchor at the latest top (highest high), place BUY LIMIT orders at predefined retracement levels, and close all positions simultaneously when the average price reaches a global Take Profit target (in %).

After the global closure (TP, SL, or manual), the EA must cancel all remaining pending orders, re-anchor automatically to the latest high, and rebuild the entire grid.

⚠️ I already have a partial version of this system.
The main issue to fix is: when one trade closes at TP, other pending orders remain stuck on the chart.
I need it to close everything, reset, and start over cleanly after each cycle.


Strategy Logic

1. Anchor Logic (Top Reference)

  • Anchor at the highest high of a user-defined timeframe (e.g. D1) within a defined lookback period (e.g. 10,000 bars).

  • Re-anchor only if:

    1. There are no open BUY positions, and

    2. A new high ≥ (previous_anchor * (1 + ReanchorThrPct / 100)) occurs.

  • While any BUY position remains open, the anchor must not change.

  • After all positions close, the EA checks for a new high and rebuilds the grid.


2. Grid Placement (BUY LIMIT Orders)

  • Up to 10 levels, each with:

    • LevelPctN → retracement % from anchor top

    • LotN → fixed lot size for that level

  • BUY LIMIT price = AnchorHigh * (1 - LevelPctN/100)

  • Prevent duplicates:
    If a pending order already exists within PriceTolPts (price tolerance in points), do not resend it.

  • Orders use DeviationPts (slippage/deviation setting).


3. Global Take Profit by Average Price

  • When one or more BUY positions are open (same Magic Number), calculate volume-weighted average entry price.

  • Set global Take Profit = AvgPrice * (1 + TP_Percent / 100)

  • All open BUY trades must share this same TP.

  • If the difference between current TP and target TP > ModifyTolPts , the EA updates all positions’ TP accordingly.


4. Reset & Re-Arm Sequence
After all BUY positions are closed:

  1. Cancel all pending BUY LIMITs for that Magic Number.

  2. Recalculate AnchorHigh (check for new top using the rules above).

  3. Rebuild the grid with the same parameters from the new anchor.

This reset must also trigger if trades close via TP, SL, or manual closure.
Use OnTradeTransaction with DEAL_ENTRY_OUT to detect when all positions are closed.


Magic (ulong)
AnchorTF (ENUM_TIMEFRAMES)
BarsLookback (int)
ReanchorThrPct (double)
LevelsCount (int)
LevelPct1..10 (double)
Lot1..10 (double)
TP_Percent (double)
PriceTolPts (int)
ModifyTolPts (int)
DeviationPts (int)

Technical Requirements

  • Must be coded in pure MQL5 (no MT4 or conversion).

  • Must use CTrade (Trade/Trade.mqh) and OnTradeTransaction.

  • Fully compatible with Hedge accounts.

  • Must compile with 0 errors and 0 warnings on the latest MT5 build.

  • Handle different symbol digits/points (e.g., XAUUSD, BTCUSD).

  • Must run and optimize properly in "Every tick based on real ticks" mode.

  • Include clear internal logs for:

    • Anchor/re-anchor detection

    • Grid creation/deletion

    • TP updates

    • Reset/Re-arm events


Acceptance Criteria

  1. Compiles cleanly (0 errors/warnings) on MetaEditor 5.

  2. In a visual backtest, the EA must:

    • Place BUY LIMIT grid at the anchor top.

    • When one or more trades hit TP → close all open positions + cancel all pending orders.

    • Re-anchor to the next valid top and rebuild the grid automatically.

    • Not re-anchor while trades are still open.

    • Avoid duplicate pending orders within PriceTolPts .

    • Update global TP properly when average entry changes.

  3. Works consistently on XAUUSD, BTCUSD, and other CFD pairs.


Deliverables

  • One .mq5 file (full source code, well-commented).

  • Short “readme” with:

    • How to attach EA to chart

    • Recommended test settings

    • Suggested parameters for XAUUSD and BTCUSD (H1, 10/20/30/40/55 retracements, lots 0.01–0.03, TP=12%).

  • 30-day bug fix period after delivery (minor corrections included).


Optional (Nice to Have)

  • Option for partial close (close X% of positions at an intermediate TP).

  • CSV export of anchor, TP, and deal data.

  • Backtest cost simulation (spread/commission/slippage).


What to Include in Proposal

  • Links or screenshots of previous MT5 EAs using OnTradeTransaction .

  • Confirmation that all acceptance criteria will be met.

  • Delivery time and final price.


🟢 Notes from client (Wily Machado):
I already have partial working logic, but compilation and event handling keep failing.
The goal is a stable, clean, and testable EA that can run long-term safely with low drawdown and consistent profits.
If you deliver that, I’ll likely hire you again for optimization and advanced modules (partial exits, trailing TP, etc.). 



Responded

1
Developer 1
Rating
(19)
Projects
23
9%
Arbitration
6
33% / 50%
Overdue
1
4%
Loaded
2
Developer 2
Rating
(4)
Projects
5
20%
Arbitration
1
100% / 0%
Overdue
0
Free
3
Developer 3
Rating
(162)
Projects
288
35%
Arbitration
18
22% / 61%
Overdue
42
15%
Working
4
Developer 4
Rating
(14)
Projects
19
11%
Arbitration
1
0% / 100%
Overdue
5
26%
Free
5
Developer 5
Rating
(1)
Projects
3
0%
Arbitration
0
Overdue
0
Free
6
Developer 6
Rating
(312)
Projects
559
35%
Arbitration
79
32% / 43%
Overdue
203
36%
Working
7
Developer 7
Rating
Projects
0
0%
Arbitration
1
0% / 100%
Overdue
0
Free
8
Developer 8
Rating
Projects
0
0%
Arbitration
0
Overdue
0
Free
9
Developer 9
Rating
(1)
Projects
2
0%
Arbitration
1
0% / 100%
Overdue
0
Free
Published: 2 codes
10
Developer 10
Rating
(362)
Projects
435
54%
Arbitration
20
55% / 15%
Overdue
30
7%
Working
11
Developer 11
Rating
(16)
Projects
20
0%
Arbitration
10
0% / 80%
Overdue
6
30%
Free
12
Developer 12
Rating
(257)
Projects
263
30%
Arbitration
0
Overdue
3
1%
Free
Published: 2 codes
13
Developer 13
Rating
Projects
0
0%
Arbitration
0
Overdue
0
Free
Similar orders
I am looking for an experienced MQL5 developer to create a custom technical indicator for MetaTrader 5. The indicator should combine Supertrend logic with Support/Resistance pullback levels to generate high-probability entry signals. 1. Core Logic The indicator must follow a two-step confirmation process: Trend Identification: Use the Supertrend indicator to determine the primary trend. Entry Signal (The
VWAP BB Sniper EA Quantum VWAP Scalper SmartFlow FX Bot Institutional Edge EA 🧠 PRODUCT OVERVIEW VWAP + Bollinger Bands Auto Trading System A high-precision forex scalping bot designed to capture institutional price movements using: VWAP (fair value tracking) Bollinger Bands (volatility & entry timing) 👉 Built for fast, consistent intraday profits
I am a Professional Forex Trader, actively working in the financial markets with a strong focus on how price truly moves. I specialize in logic, market structure, and institutional behavior rather than indicators or guesswork. I have mastered: • Market Structure • Trend Identification • Elliott Wave Theory • Wyckoff Logic My core expertise lies in: • Deep understanding of market structure • Identifying
Hello traders, I have Quantum queen v3.52, which is the latest version, available for $500 only. The price on the platform is around $1800, but I am offering it for a much lower price for serious buyers. Details: Product: Quantum queen Version: v3.52 Price: $500 Condition: Serious buyers only
EA for prop firms 30 - 500 USD
Hi, I am looking to purchase a MT5 EA that can show consistent profitability 5% each month with drawdown less than 9%. I am not ready to build a new one from scratch as i do not have the strategy in mind yet so i do not want to take the risk of building one but not sure if it works. Only apply if you have an existing proven and tested EA that can sell to me together with the source code. The Ea is for prop firm even
I am a professional trader specializing in technical analysis using a powerful combination of Fibonacci strategies and Dow Theory. With strong experience in reading market structure, I am able to identify major trends, precise entry points, and key support & resistance levels with high accuracy. My approach goes beyond using a single indicator. I combine Fibonacci retracement & extension to pinpoint potential
Early Killer EA 30+ USD
It must have automated stop loss. Something that can end poverty and kill the market early.It must take the trades for me whenever I start it it must work on tradeport ea
I WANT TO CONVERT MY INDICATOR TO ROBOT, BUT I DONT HAVE THE SOURCE CODE , THE PROGRAMMER WILL DEVELOP THE SOURCE CODE FOR THE JOB. THE STRAGY IS SIMPLE , THE ROBOT WILL EXECUTE A TRADE WHEN THE SIGNAL FROM THE INDICATOR APPEARS. BUY SIGNAL IS WHEN THE ARROW APPEAS ON THE LOWER ZONE ( SUPPORT ZONE) SELL SIGNAL WHEN THE ARROW APPEARS ON THE UPPER ZONE ( RESISTANCE ZONE).THE ROBOT WILL HAVE THE FOLLWING FEATURES (1)
CONVERT MQL4 ROBOT TO MQL5 Solana I have robot SOLANA i want to change my robot for MQL4 ROBOT TO MQL5 AND also change the name of the robot..i need it with the source code
Hello, I need an Expert Advisor for smart trade management, programmed in a professional and intelligent way. The general idea is trade management only, not automatic trade entry. I will explain the full management logic to you step by step so everything is clear and implemented exactly as required. I am looking for clean, stable, and well-structured coding, with no platform freezing, no unnecessary complexity, and

Project information

Budget
50+ USD