A Manual-Trigger Grid EA for Pending Orders and Trade Management

Summary

This MetaTrader 5 expert advisor is designed to manage account equity and individual open trades, then place a grid of pending orders when price reaches a user-specified level. The trader must decide in advance where a grid would be appropriate; the EA does not generate entry conditions or identify trading opportunities on its own.

After the trigger price is reached, the EA sends the pending-order grid and can manage the resulting trades with stop losses and trailing stops if those options are set. The document gives no rules for grid spacing, order size, direction, or market selection, and it supplies no backtest or live-performance evidence. Its usefulness therefore lies in automating execution and trade management for a manually defined setup, while strategy design and risk controls remain the trader’s responsibility.

Key ideas

• The EA places a pending-order grid after price reaches a level set manually by the trader.
• It does not determine when or in which direction trades should be opened.
• Stop losses and trailing stops are available as configurable trade-management features.
• The document gives no grid parameters or performance evidence, so these must be established separately.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.