Metatrader 5 Expert Advisor | RSI Grid EA Pro | Source Code Included

RobotFX curates the best open-source MetaTrader code to inspire your trading automation.

This Expert Advisor is designed to assist traders by combining RSI-based signal logic with a grid trading system to manage positions dynamically.

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The EA opens trades based on RSI levels and continues building positions using a grid approach when the market moves against the initial trade. To help reduce drawdown, it includes an overlap function, which intelligently closes combinations of profitable and losing trades when specific conditions are met.

Features:

Never miss news-driven moves – use the News OCO Expert Advisor to place pending orders safely around economic releases. Find out more.

• Adjustable lot sizing (fixed, balance-based, or risk-based)
• Grid step and multiplier control
• Trailing stop and breakeven management
• Manual trading panel (Buy/Sell buttons)
• Time filter for controlled trading sessions

This EA is highly customizable, allowing traders to adjust risk according to their strategy. However, due to the nature of grid trading, proper risk management is essential.

⚠️ Important Notes:

• Works only on Hedging accounts
• Not compatible with Netting accounts
• Recommended to test on a demo account first
• Grid strategies can carry high risk in trending markets

Level up your trading with professional RobotFX expert advisors and indicators. Visit www.robotfx.org for proven MT4/MT5 tools.

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