Develop the Grid (with Pending orders) + Hedge EA for Currency Pairs and XAUUSD

The discription attached below in English and Russian languages. Kindly note that I want to get the source code(.mq5 + .ex5) too, for self education. Thank you at advance

Grid Hedge 2026 EA Trading Expert Advisor

• Development language: MQL5
• Account type: Hedge
• Trading on Forex pairs and XAUUSD
• No indicators used
• No time restrictions — the EA trades 24/7, with the option to limit or stop trading before important news
• Currency: USD
• Swap is not taken into account
• Places only pending orders: BuyLimit - SellStop / BuyStop - SellLimit
• Backtested in MT5

The EA should be fundamentally similar to the Magic Grid EA.
Reference: https://www.mql5.com/ru/market/product/76546?source=Unknown

Main Parameters

This Expert Advisor places pending orders in a grid similar to Magic Grid. It uses TakeProfit/StopLoss. When launched, grids are created at equal distances relative to the current price. The EA always places only pending orders.

1.     Base Grid Lot = 0.01 (adjustable)

2.     Grids (Up & Down) = 10 (adjustable)

o    Total: 10 grids upward and 10 grids downward

o    Due to limitations on placing pending orders within one trading account, orders must be placed/removed gradually as the price moves

o    Number of grid levels = 10 (adjustable), with expansion capability when approaching grid boundaries (+10 levels in the direction of price)

3.     Grid Distance = 2000 (adjustable)

4.     Grid Take Profit = 2000 (adjustable)

o    Take Profit applies only to base grid orders

5.     Grid Stop Loss = 2000 (adjustable)

o    Stop Loss applies only to base grid orders

6.     Grid Deviation = 150 (adjustable, slippage)

7.     Magic Number = 9812345 (adjustable)

o    Used to allow running the EA on multiple instruments within one terminal

Risk Management

Risk management works on every tick if enabled.

8.     Risk Management = true (adjustable)

9.     Target Profit = 1000.0 (adjustable, % of equity)

o    When reached: closes all orders and trades, fully stops trading, and sends a notification

10. Max Drawdown = 80.0 (adjustable, % of equity)

• When reached: closes all orders and trades, fully stops trading, and sends a notification

11. Extra Notification for Equity Drawdown = true (adjustable)

12. Extra Notification for Equity Drawdown Percentage = 70.0 (adjustable)

First Stage Compensator Logic

The mechanism called the first-stage compensator places additional pending BuyStop or SellStop orders to support the current price direction.

• Initially places orders on grids according to input parameters at EA start
• When active orders show an imbalance in buy/sell lots, restrictions on compensator order placement are activated
• Unlike the main grid:
• Buy pending orders are placed only above the current price
• Sell pending orders are placed only below the current price
• Due to account limitations, pending orders are placed gradually (only inactive ones are removed) as price moves

First Stage Compensator Parameters

(No TakeProfit/StopLoss — only a two-stage Trailing Stop)

13. First Stage Compensator = On/Off (adjustable)

14. First Stage Compensator Mode = limited / unlimited (adjustable)

• Sell restriction formula:
  (sum of buy lots below current price − sum of sell lots below current price) / grid lot ≤ -6
• If ≤ -6 → sell pending compensators above current price are NOT placed (to prevent increasing drawdown)
• Buy restriction formula:
  (sum of buy lots above current price − sum of sell lots above current price) / grid lot ≥ 6
• If ≥ 6 → buy pending compensators below current price are NOT placed (to prevent increasing drawdown)

15. First Stage Compensator Lot = 0.01 (adjustable)

• Can be fixed or dynamic:
• Fixed: standard (adjustable)
• Dynamic: calculated as follows:
  (sum of active buy lots − sum of active sell lots) / lot difference divisor × Base Grid Lot
• If result > 0 → sell compensator lot = result
• If result < 0 → buy compensator lot = absolute value
• If result = 0 → lot = Base Grid Lot

16. Lot Difference Divisor = 3 (adjustable)

17. First Stage Compensator Mode = each_grid
(adjustable, struct Mode = each_grid, second_grid, third_grid)

18. Trailing Stop Start At = 2000 (adjustable)

• When a compensator trade moves 2000 points into profit, the first trailing stop is activated

19. Trailing Stop Placed At = 1000 (adjustable)

• The trailing stop remains fixed

20. Trailing Stop Additional Moved To = 4000 (adjustable)

• Additional shift at profit = 2 × Grid Distance