SimpleGridMT5 delivers automated MT5 grid trading with clear performance tracking and controls

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.