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Elastic Grid MT5

5
Elastic Grid MT5 is a multifunctional grid Expert Advisor designed to fully or partially automate various ideas related to grid trading (on a hedging account). The Expert Advisor can trade on any timeframe, on any currency pair, on several currency pairs, on any number of signs. It does not interfere with manual trading, trading of other Expert Advisors, or the operation of any indicators.

It allows you to adjust your settings on the fly, works only with your own positions and orders, and for some situations it can be configured to control any other positions and orders. It has a powerful information system with which a trader can control not only his actions, but also the overall trading situation for the entire account.
Elastic Grid MT5 supports several different types of trading
Below is a list of links to basic descriptions of the main features:



Any of these types of trading can be run both separately and simultaneously with each other.
Additional Information:
  • The Expert Advisor can be run simultaneously on any currency pairs or even on the same one with different settings. Each of its orders and positions are marked with an individual comment in which there is both the price of his opening and the name of its instrument. At the same time, you can add a trader's personal mark to the comment.
  • The advisor is not afraid of any interruptions in work. With each new launch and unchanged settings, it picks up all of its orders and gives a report on what happened to them during its inactivity.
  • The informational (and some trading) capabilities of the EA can be used in normal manual trading. At the same time, most of the information panels, buttons and notifications can be freely moved around the chart, some of them can be minimized and scaled, and for some they can be changed colors.



Reviews 4
Otto Brehme
43
Otto Brehme 2023.02.27 14:35 
 

Its a "Must Have" tool for Grid Traders ! Complete in every aspect with efficient support from Developer

medwards4421
876
medwards4421 2022.08.02 09:50 
 

Excellent EA so far. No bugs or issues. Successful outcome very much depends on the user and settings but I am hoping the fellow users and the author may share some tips and experience learnt so far before i bought the product

Mohan
34
Mohan 2022.07.06 01:32 
 

A good Double grid EA and got a quick response from the developer.thanks

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Valeriia Mishchenko
4.1 (39)
EA has a live track record with 4.5 years of stable trading with low drawdown: Live performance MT4 version can be found here Waka Waka is the advanced grid system which already works on real accounts for years. Instead of fitting the system to reflect historical data (like most people do) it was designed to exploit existing market inefficiencies. Therefore it is not a simple "hit and miss" system which only survives by using grid. Instead it uses real market mechanics to its advantage to make p
Bitcoin Robot MT5
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The Bitcoin Robot MT5 is engineered to execute Bitcoin trades with unparalleled efficiency and precision . Developed by a team of experienced traders and developers, our Bitcoin Robot employs a sophisticated algorithmic approach (price action, trend as well as two personalized indicators) to analyze market and execute trades swiftly with M5 timeframe , ensuring that you never miss out on lucrative opportunities. No grid, no martingale, no hedging, EA only open one position at the same time. Bit
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Aliaksandr Charkes
User Grid   MT5  is a multifunctional grid Expert Advisor designed to fully or partially automate various ideas related to grid trading (on a hedging account) . The Expert Advisor can trade on any timeframe, on any currency pair, on several currency pairs, on any number of signs. It does not interfere with manual trading, trading of other Expert Advisors, or the operation of any indicators. It allows you to adjust your settings on the fly, works only with your own positions and orders. It has a
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Aliaksandr Charkes
User Grid   MT4  is a multifunctional grid Expert Advisor designed to fully or partially automate various ideas related to grid trading. The Expert Advisor can trade on any timeframe, on any currency pair, on several currency pairs, on any number of signs. It does not interfere with manual trading, trading of other Expert Advisors, or the operation of any indicators. It allows you to adjust your settings on the fly, works only with your own positions and orders. It has a clear information syste
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Otto Brehme
43
Otto Brehme 2023.02.27 14:35 
 

Its a "Must Have" tool for Grid Traders ! Complete in every aspect with efficient support from Developer

2021127
36
2021127 2022.08.23 09:21 
 

Hello friend , Coud you please tell me How to use trail stoploss in Elastic Grid. I am using Exness Broker: There have 3 Digits in SYMBOL : XAUUSD Eaxmple: 1800.500 I want to use trail stoploss... Please guide me its urgent

Aliaksandr Charkes
14891
Reply from developer Aliaksandr Charkes 2022.08.23 09:53
Here is a place for product reviews, post your question in the comments. Trailing in the settings of Elastic Grid works with the profit value, not the price. Trailing for each individual order only works until the timeframe is switched.
medwards4421
876
medwards4421 2022.08.02 09:50 
 

Excellent EA so far. No bugs or issues. Successful outcome very much depends on the user and settings but I am hoping the fellow users and the author may share some tips and experience learnt so far before i bought the product

Mohan
34
Mohan 2022.07.06 01:32 
 

A good Double grid EA and got a quick response from the developer.thanks

Reply to review
Version 3.2 2024.08.20
-- Added settings of lots size control. If control is enabled, the lot sizes of already placed grid pending orders will be instantly changed in accordance with the specified settings (by replacing orders). If control is disabled, the new lot sizes will be set only for new orders.
-- Improved mechanism for automatic generation of initial grid prices (became more adaptive to the trading instrument used).
-- Added a system for monitoring the connection to the broker's server. The top line of the main information panel, which shows the current server time, now is also an indicator of the connection to the server. If the color of this line changes and if you hover the mouse arrow over it at this moment, the time of the last data update will be displayed in the tooltip.
-- General optimization
Version 3.1 2024.02.02
Improved grid levels control system
The update is only valid for new grids!
Version 3.0 2023.05.29
Two new settings have been added that allow you to automatically shift the initial prices from the market prices by the specified distance.

The value is expressed in points. You can set both positive and negative values. This can be useful, for example, when trading on the news or in any other situations.
Version 2.9 2023.04.26
Fixed some bugs related to grid rebuilding (pending orders that became out-of-grid were not deleted).

p.s. Please feel free to let me know about potential bugs (if you think something is not working correctly). These things can unfortunately happen during code optimisation or when adding new functionality.
Version 2.8 2023.04.03
The system of controlling Take-Profit and Stop-Loss for active pending orders and market positions has been improved.
Added separate settings allowing to disable this control, which gives additional tactical possibilities:

-- you can manually drag and drop Take-Profits and Stop-Losses for already placed orders and positions

- you can set a trailing stop for a selected order or position

The modified values will be saved while the order or position remains active.
New orders are placed according to the specified settings.
Version 2.7 2023.03.07
Implemented the ability to instantly change the lot size for each grid pending order
(by automatically replacing them with new ones with new settings)
Version 2.6 2023.02.10
Optimization
Version 2.5 2023.01.23
Improved trailing-stop calculation logic for trading mode with profit limit
+ added one more type of trailing-stop (based on net profit)
Version 2.4 2023.01.20
Correction of some calculations for the trading mode with a profit limit
Version 2.3 2023.01.09
Added the ability to disable stop-loss control so that you can use a trailing-stop for each individual order or position.
Version 2.2 2023.01.08
Optimization
Version 2.1 2023.01.08
Significantly increased the speed of the EA in the strategy tester
Version 2.0 2022.12.01
Optimization
Version 1.9 2022.10.28
Optimization
Version 1.8 2022.08.18
Improvement of the order renewal mechanism for some selected situations
Version 1.7 2022.08.10
Minor improvements for Limiting Trading By PROFIT
Version 1.6 2022.07.15
Improving the settlement mechanism for limit trading
Version 1.4 2022.06.19

Optimization