Introduction

Grid Day Trade Define Trading Days EA V5.0 is a MetaTrader 5 Expert Advisor designed for day-trading style grid operations on major currency pairs. It combines Stochastic oscillator filters for entries with dynamic grid construction and a strict mathematical risk-control module that limits theoretical exposure. The EA is built for traders who want automated grid trading restricted to specific hours and weekdays while preventing uncontrolled expansion of positions.

Key Features

Stochastic-based entry filter that opens the first trade only when the indicator exits overbought or oversold zones
Dynamic grid with adjustable lot multiplier for subsequent levels
Continuous mathematical calculation of theoretical grid risk using a fixed Spread_const value
Hard risk limit (Max_Theoretical_Risk) that blocks new orders or new grids once the threshold is reached
Configurable trading session (start/end hour and minute)
Weekday filter to enable or disable specific trading days
Cooldown period after a grid closes before a new one can start
MinBeforeClose protection to avoid entries near bar close
Basket target-profit close for the entire series
Built-in protection that blocks trading on XAUUSD

Recommended Settings

Platform: MetaTrader 5
Timeframe: M15 (H1 also supported)
Pairs: Major high-liquidity currency pairs only (XAUUSD is blocked by design)
Base lot (Lots_fix): 0.01–0.02 depending on account size
Multiplier: Start conservatively and test (example value in documentation: 12.0)
Max_Theoretical_Risk: Set according to account equity and risk tolerance
InpTargetProfit: Moderate target in account currency; avoid excessively high values
Trading hours and weekdays: Restrict to liquid sessions (default focus on Tuesday–Thursday)
Account size: From approximately $500 with small base lots
Account type: ECN/PRO with low and stable spreads

Advantages

Clear mathematical risk ceiling reduces the chance of uncontrolled grid expansion
Session and weekday filters help limit exposure to less liquid periods
Fixed spread constant improves calculation stability
Fully automated once parameters are set
Transparent and adjustable parameters for fine-tuning

Disadvantages

Grid strategies inherently involve floating drawdown; the risk limit only stops new positions, it does not close existing ones
Not suitable for XAUUSD or low-liquidity instruments
Requires proper parameter testing and monitoring, especially of the risk limit and multiplier
Performance depends heavily on broker spreads, execution quality, and market conditions
Not ideal for very small accounts or traders unwilling to manage risk settings

Conclusion

Grid Day Trade Define Trading Days EA V5.0 MT5 is a controlled grid system for MT5 users who trade major pairs on the M15 timeframe and want defined risk boundaries together with session and calendar filters. It is not a set-and-forget solution and does not work on XAUUSD. Thorough demo testing with realistic risk settings is essential before any live use.

Support & Disclaimer

Support

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Disclaimer:

Forex and gold trading involve risk. Past performance doesn’t guarantee future results. Always test robots on demo before live trading and use proper risk management.