GbpUsd Sterling Grid
- Experts
- Version: 1.21
- Updated: 12 November 2026
- Activations: 20
Product description
GBPUSD Sterling Grid is a single-symbol Expert Advisor designed for the GBP/USD pair on the M5 timeframe. It looks for counter-trend entries when a completed candle closes beyond a recent price range and the Relative Strength Index confirms the signal.
Entry signals
The Expert Advisor checks the previous completed candle. A buy signal requires a close below the recent range low and, by default, a Relative Strength Index reading below 35. A sell signal requires a close above the recent range high and a reading above 65. The period and signal settings can be adjusted in the inputs.
Grid management
If price moves against an open position, the Expert Advisor can add positions in the same direction at preset price intervals. The default first interval is 0.22% of the reference price, with later intervals increasing by a spacing multiplier. The maximum number of positions per direction is configurable and defaults to nine, including the initial position.
Grid position sizes follow a configurable progression. As additional levels open, total exposure can grow substantially. A grid may remain open while price moves against it, so review the lot progression and maximum levels before use.
Basket exits and risk controls
The Expert Advisor manages take profit for the basket, with weighted basket take profit enabled by default. It also includes drawdown actions, an optional minimum equity threshold, margin checks, trading-hour settings, direction controls, and options for hedging where the account type supports it.
Please note the default stop-loss behavior: in this version, setting GridSL to zero activates an internal fallback distance of 11% of the reference price. Zero does not disable the stop-loss. Review this setting and the other risk inputs before running the Expert Advisor.
On-chart panel
The panel displays signal and trading readiness, Relative Strength Index, bid and ask prices, open position counts and lots, grid levels, floating profit or loss, account equity and drawdown, margin level, and risk status. It is a monitoring panel and does not provide manual trading controls.
This Expert Advisor does not guarantee trading results. Grid trading can accumulate multiple positions and significant floating losses. Historical Strategy Tester results do not guarantee future performance.
