SimpleGridBot MT4

5

SimpleGridBot – transparent grid trading with separate Buy/Sell control, basket exit and RSI logic

A grid EA you can fully understand and control. No black box: you set the distances, lot sizes and exits, and the EA does exactly that. No hidden logic.

What sets it apart

  • Separate Buy and Sell settings: distance, start lot and take profit are set independently for each side.
  • Basket take profit with auto-restart: when the current grid run reaches your profit target, everything is closed and a fresh grid starts, or the EA stops, as you choose.
  • RSI that decides when each side may trade: an entry filter, an exit that liquidates a side, and an “armed until exit” mode that keeps a side active until the RSI exit closes it.

How it works

  • Buy grid: a new Buy opens each time price falls by the Buy distance below the lowest open Buy.
  • Sell grid: a new Sell opens each time price rises by the Sell distance above the highest open Sell.
  • Every position has its own take profit. A stop loss and a maximum number of orders per side are optional.
  • When a position closes, its level becomes tradable again as soon as price revisits it.

Quick start

  1. Attach the EA to one chart on a demo account (hedging account, AutoTrading on).
  2. Choose grid distance and lot size to fit your symbol and account size.
  3. Optional: set a basket take profit to bank the whole grid run at your target.
  4. Optional: enable the RSI filter and exit, and pick the timeframe and levels.
  5. Check the chart display for current P/L and open positions.

More features

  • Optional lot multiplier.
  • On-chart display: P/L of the current grid run, open Buy/Sell count, basket target.
  • RSI levels are set separately for Buy and Sell, plus timeframe and period.
  • Stop-level handling and automatic retries for brokers with minimum distances.
  • Magic number for running several instances on different symbols.

FAQ

  • Are set files included? No. A grid has to be set up for each market and each trader’s risk preference.
  • The EA disappears after I click OK. Why? It refused to start because of a setting. Open the Experts tab: a line starting with “Error:” names the setting, for example RSI entry levels that conflict with the exit levels.
  • Can I trade only one direction? Yes, switch off the Buy or Sell grid.

Actively maintained and updated based on user feedback.

Risk warning
Grid strategies can build up large floating losses in strong trends, especially without a stop loss and with a lot multiplier. Past results do not guarantee future results. Only trade with capital you can afford to lose.


Reviews 3
traderntexas
200
traderntexas 2026.10.03 13:00 

Great EA and excellent response from Andreas every time I have a question or need clarification! Highly recommend !

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BLACK FRIDAY SPECIAL: 70% OFF + FREE GIFT! Massive savings on our top automated systems: Buy WallStreet Recovery PRO: Only $157 (Save 70% — Regular price: $497) BONUS EA: Get Crypto Master EA 100% FREE (Regular price: $497) Total Value: $994 — Yours today for just $157! How to claim: Once you complete your purchase, simply contact us, and we’ll deliver your free Crypto Master EA license! Full offer details & live performance stats: https://www.mql5.com/en/blogs/post/778315 Live Results:   https
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Gold Challenger EA,   a new EA based on BeiDou Trend EA, has been launched. It is suitable for high volatility products such as XAUUSD. Gold Challenger EA still uses the breakout method.   Breakout trading is a very old method. Since the 1900s, since Livermore, this method has been widely used. It has been more than 120 years. This method is always effective, especially for XAUUSD and Gold with high volatility.   I have been using the breakout method to make profits on XAUUSD in the early stage
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PrecisionEntry EA is a semi-automatic Expert Advisor for MetaTrader 5 that enables precise order placement at the click of a button — without taking control away from the trader. With a single click on the LONG or SHORT button, the EA automatically places a BuyStop or SellStop order at the high or low of the previous candle. Stop-loss, take-profit, and lot size are calculated fully automatically — based on the configured risk percentage and the desired risk-reward ratio. Features: Interactive on
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traderntexas
200
traderntexas 2026.10.03 13:00 

Great EA and excellent response from Andreas every time I have a question or need clarification! Highly recommend !

Mr Satoshi Ono
184
Mr Satoshi Ono 2026.02.25 12:55 

User didn't leave any comment to the rating

Andreas Metzner
1975
Reply from developer Andreas Metzner 2026.02.26 08:31
Hi, thanks for your feedback. I have also released the EA for MT5 :)
It's simply called “SimpleGridBot.”
Konstantin Grihin
574
Konstantin Grihin 2026.02.14 07:05 

User didn't leave any comment to the rating

Andreas Metzner
1975
Reply from developer Andreas Metzner 2026.02.14 19:46
Большое спасибо за отличный отзыв :)
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