Grid Template EA

Grid Template EA
Logic:

1. Grid Trading:
   • The EA implements a grid strategy where buy stop and sell stop orders are placed at fixed intervals (GridStep) from the current price (PriceDistance).
   • The number of grid orders is controlled by the GridOrders parameter.
2. Order Management:
   • The EA opens a series of pending orders (both buy and sell stop) at predefined distances from the market price.
   • Take Profit and Stop Loss levels are applied to each order to manage risk and secure profits.
   • Orders have a set expiration time (PendingExpiration), after which they will automatically be canceled if not triggered.
3. Dynamic Lot Sizing:
   • The EA allows for both static and dynamic lot sizing.
   • If money management (MM) is enabled, the lot size is calculated based on the account’s free margin and risk percentage (Risk).
   • If MM is disabled, a static lot size (StaticLot) is used.
4. Multi-Currency Compatibility:
   • The EA is capable of managing trades across multiple currency pairs by using a unique magic number (MagicNumber) for each pair.