Carbophos - MetaTrader 5 Expert | Grid EA Download - MT4/MT5 Resources
Author of the idea : Yevgeny , author of the mq5 code : Barabashkakon .
The Expert Advisor sets a grid of pending orders above and below the current price.
The EA algorithm is as follows: If there are no pending orders and no positions, the EA sets 5 pending orders to sell limit orders and 5 pending orders to buy limit orders. The EA then monitors the market: if the profit reaches the "Profit Target" value or the loss reaches the "Maximum Loss", all open positions will be closed and remaining pending orders will be deleted.
Attachment download
📎 carbophos.mq5 (19.09 KB)
Source: MQL5 #19048
Carbophos - MetaTrader 5 Expert | Grid EA Download - MT4/MT5 Resource Usage and Screening Suggestions
Carbophos - MetaTrader 5 Expert | Grid EA Download - MT4/MT5 resources are grid EA related resources. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based only on titles or short-term profit descriptions.
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