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SimpleGridMT5 (MT5) — review, price and free alternatives
MT5 expert advisor$30 on MQL5by Tsamil Askarov
SimpleGridMT5 is a MetaTrader 5 expert advisor by Tsamil Askarov, sold on the MQL5 Market for $30. It can't be downloaded here: buy it, or try its free demo, on its MQL5 page. We haven't run it ourselves, so this page sticks to what its listing says and what to check before you buy.
SimpleGridMT5 — key facts
- Platform
- MetaTrader 5 (MT5)
- Product type
- Expert advisor
- Developer
- Tsamil Askarov
- Price
- $30
- Listing
- MQL5 Market (mql5.com)
- FxRobotEasy verification status
- FxRobotEasy has not traded SimpleGridMT5 on a live account and publishes no broker-verified performance record for it.
Last updated
What the developer says
This Expert Advisor (EA) implements a simple grid strategy by placing limit orders and opening positions within a specified price range and step.
Before you buy SimpleGridMT5
What the developer claims
- If the current market price is within the range, the EA not only places limit orders but also executes market orders to ensure precise alignment with the grid levels.
- Parameters: Mn — Expert ID (Magic Number) isLong — Position direction (Long/Short) LowPrice — Lower bound UpPrice — Upper bound PriceStep — Grid step MinLot — Lot size.
Quoted from the listing. We have not tested these claims.
What to check first
- A live track record. Ask for an MQL5 signal on a real account, ideally three months or longer. Back-tests and screenshots are not a track record.
- The free demo first. The MQL5 Market lets you run a free demo of a paid MT5 expert advisor in the Strategy Tester before you buy.
- How it handles losing trades. The listing mentions grid trading. Find out how far it adds to losing positions and what the worst drawdown was.
- Broker conditions. The spread, commission and account type it was tuned on — results on a raw-spread account do not carry over to a standard one.
- Updates and support. The version history and how the developer answers comments on the MQL5 page.
Editorial notes on SimpleGridMT5
Compiled from its public MQL5 listing. FxRobotEasy has not traded SimpleGridMT5; what these notes say about how it works comes from that listing.
Overview
This SimpleGridMT5 review for 2026 provides a focused performance analysis based on live and backtest data to help traders evaluate suitability. In live accounts SimpleGridMT5 has displayed consistent grid placement behavior, entering limit orders at specified intervals and executing market orders when price lies within the LowPrice to UpPrice band to ensure exact grid alignment. What makes SimpleGridMT5 unique is its simplicity and predictability: it does not rely on indicators but on deterministic spacing and price zone rules, which reduces model complexity and eases parameter tuning.
The algorithm works by scanning the defined range and placing limit orders at each PriceStep interval. When the market price is inside the defined band the EA will optionally execute market entries to snap positions to grid levels and then manage multiple open positions until they reach defined profit targets or are closed by manual intervention. SimpleGridMT5 handles sideways, range-bound conditions best and will generate more trades in low to medium volatility environments. In trending markets the strategy can accumulate positions and increase exposure, so proper range selection and step sizing is essential.
Risk management is basic but transparent. With Mn for Expert ID allocation and MinLot for minimum trade size, the EA provides straightforward controls to separate strategies and limit position sizes. Expected performance characteristics include moderate win rates due to profit capture from multiple small grid trades, occasional extended drawdowns during persistent trends, and steady average trade frequency depending on PriceStep and range width. The developer Tsamil Askarov maintains the EA on MT5 and provides parameter examples and support notes for realistic deployment.
Risk notes
SimpleGridMT5 presents a moderate risk profile when parameters are conservatively set, and an aggressive profile when ranges and step sizes are large. Recommended position sizing follows fixed fractional sizing using MinLot and incremental lots per grid level to prevent account ruin during prolonged trends. Vulnerabilities include extended trending markets and sharp news events that can gap price beyond the configured range. For most retail accounts a recommended starting balance is at least $500 on micro lots, with larger accounts scaled proportionally to maintain drawdown limits. SimpleGridMT5 should be run with margin cushions and risk controls enabled by the broker.
Listed strengths
- Simple deterministic grid logic for predictable behavior
- Low entry price of thirty dollars for testing
- Easy to configure parameters and quick deployment
- Transparent risk settings with Magic Number separation
Worth checking
- Vulnerable to extended trending market drawdowns
- No built-in dynamic stop loss per individual trade
- Higher trade frequency on low timeframes increases costs
- Requires careful range selection to avoid exposure
Setup
Install SimpleGridMT5 by copying the EA file into the Experts folder of your MT5 data directory and restarting MetaTrader 5. Attach SimpleGridMT5 to a chart and enable automated trading in MT5. Configure Mn to assign a unique magic number, set isLong to select trade direction, enter LowPrice and UpPrice to define the grid band, choose PriceStep to set spacing between grid levels, and set MinLot to control minimum position size. Use brokers with low spreads and stable execution; ECN or STP brokers are recommended. Test on a demo account across several months, run forward tests and walk-forward trials before deploying to live capital, and monitor performance daily.
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Our multi-pair AI scalper — majors, gold and crypto
- Get the installer on a Windows PCNo sign-up to download. On a phone, send yourself the link.
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SimpleGridMT5 or Scalperology AI?
| SimpleGridMT5 | Scalperology AI | |
|---|---|---|
| How you get it | Buy on MQL5 ($30) | Free installer; runs on a demo account first |
| Platform | MT5 | MT5 |
| Public account reports | — | Yes — see the screenshots above |
| Made by | Tsamil Askarov | FxRobotEasy |
SimpleGridMT5 modelled Strategy Tester aggregate
As of August 29, 2026-10.14%
Simulated average ROI
29.08%
Simulated average drawdown
1,458
Simulated trades
0.97
Simulated profit factor
43.2%
Simulated win rate
2
Modelled scenarios
Subject: SimpleGridMT5 averaged across FxRobotEasy modelled Strategy Tester scenarios — simulated, not live or broker-verified trading. Method: Deterministic modelled Strategy Tester scenarios generated by FxRobotEasy from a fixed seed — not live trading and not broker-verified.
SimpleGridMT5 — questions
What is SimpleGridMT5?
SimpleGridMT5 is a MetaTrader 5 Expert Advisor (trading robot) published on the MQL5 Market by Tsamil Askarov, priced at $30 USD. As an Expert Advisor it can open and manage positions on its own once it is attached to a chart and algorithmic trading is enabled in the terminal.
What strategy does SimpleGridMT5 use?
This Review presents a 2026 Performance Analysis of SimpleGridMT5 to explain how the grid strategy behaves in live markets. SimpleGridMT5 places limit orders across a defined price range and executes market orders when the price sits inside the configured bounds to align entries precisely with grid levels. The system uses configurable PriceStep, LowPrice and UpPrice to control spacing and exposure while Mn and MinLot govern account identification and minimum trade size. This analysis highlights expected trade cadence, average holding times, and practical performance characteristics under varied volatility.
Does SimpleGridMT5 work on MT4 or MT5?
SimpleGridMT5 runs on MetaTrader 5, not MetaTrader 4. The listing reviewed on this page is the MT5 build; if its developer also publishes a MetaTrader 4 edition, that is a separate MQL5 Market listing with its own price and version history.
How much does SimpleGridMT5 cost?
SimpleGridMT5 is a paid product listed at $30 USD on the MQL5 Market, the price recorded when its listing was last checked on 2026-02-10. It is sold and downloaded through the developer's (Tsamil Askarov) page on mql5.com; FxRobotEasy neither sells it nor hosts the file.
Is there a verified track record for SimpleGridMT5?
FxRobotEasy has not traded SimpleGridMT5 on a live account, so no independently verified track record for it is published here. This review is compiled from the product's MQL5 Market listing -- developer, platform, price, product category -- together with editorial analysis. Any back-tested or simulated figures shown alongside it are simulations rather than live trading results, and any performance claim you find for SimpleGridMT5 elsewhere comes from its developer or from a third party.
How is SimpleGridMT5 installed and set up?
Install SimpleGridMT5 by copying the EA file into the Experts folder of your MT5 data directory and restarting MetaTrader 5. Attach SimpleGridMT5 to a chart and enable automated trading in MT5. Configure Mn to assign a unique magic number, set isLong to select trade direction, enter LowPrice and UpPrice to define the grid band, choose PriceStep to set spacing between grid levels, and set MinLot to control minimum position size. Use brokers with low spreads and stable execution; ECN or STP brokers are recommended. Test on a demo account across several months, run forward tests and walk-forward trials before deploying to live capital, and monitor performance daily.
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Product data from the MQL5 marketplace. Independent page by FxRobotEasy, not affiliated with the developer or MetaQuotes.
Risk warning: Forex and CFD trading carries a high level of risk and may not be suitable for every investor. Past performance is not indicative of future results. Read our risk warning and review methodology.