Trading utilities for MetaTrader 5

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MetaTrader 5

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Grid Recovery EA

grid-recovery-ea-logo-200x200-3738
97 $73 $

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Information

Experts
MetaTrader 5
Jimmy Peter Eriksson
1.0
10

Overview

Grid Recovery EA – Adaptive Grid Recovery System

Grid Recovery EA is an automated trading system for MT5 that executes a grid-based trading approach. It opens an initial trade and places additional trades at predefined intervals if the price moves in the opposite direction. The lot size increases with each new trade based on a user-defined increment, allowing positions to close in profit when the price moves back in favor.


How It Works

  • Opens an initial trade with the selected lot size.

  • Closes trades when the total profit target is reached.

  • Adds new trades at a set distance if the price moves against the initial position.

  • Increases lot size for each additional trade.

  • An optional emergency stop-loss closes all trades at a specified loss level.


Grid Recovery System

This grid recovery system increases position sizes in a controlled manner, unlike high-risk strategies such as martingale. Users can define fixed lot increases and grid spacing, offering greater flexibility and reducing exposure to extreme market moves.


Key Inputs

General Inputs

  • Trade Comment:Custom label for tracking trades.

  • Magic Number:Unique identifier for trades placed by the EA.

  • Moving Average Filter:Enable to trade in the direction of the moving average.

  • Trade Direction:Select long or short trades (applies when Moving Average Filter is off).

Risk Management

  • Initial Trade Lot Size:Lot size for the first trade.

  • Additional Lots per New Trade:Lot size increase for each additional trade.

  • Profit Target per Trade:Total profit needed to close all trades.

  • Maximum Allowed Loss:Dollar amount at which all trades will be closed (0 = Disabled).

  • Stop Loss Size in Points:Sets the stop loss distance in points from the entry price to limit losses.

Grid Inputs

  • Grid Distance Type:Choose between fixed points or percentage of price for grid spacing.

  • Grid Distance in Points:Distance between trades in points.

  • Grid Distance as Percentage of Price:Distance between trades as a percentage of price.

Indicator Inputs

  • Moving Average Mode:The type of moving average used for filtering trades (e.g., EMA, SMA).

  • Moving Average Timeframe:The timeframe for the moving average (e.g., Daily, Hourly).

  • Moving Average Period:The period of the moving average.


Grid Recovery EA works best on markets with low spreads and trading costs, such as US500, USTEC, US30, and XAUUSD. These markets typically show a clear directional bias, making them ideal for long trades.


Important:Test the EA in the Strategy Tester before purchasing to ensure it meets your expectations.

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