Grid Pending EA — Free Trading EA for Indorebate Members

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Terms of Use: Registered Indorebate Account

This EA can only be used with trading accounts that are registered and active in the Indorebate network. Don't have a registered account yet? Register here or validate your account first.

Read First

Important: Grid/Hedging EAs Are High Risk

This EA opens many pending orders at once in two directions (grid), then manages open positions automatically. A grid strategy like this can be effective in ranging markets, but it is very risky if price moves strongly in one direction without reversing — make sure you understand how it works before using real capital.

⚠️ What You Must Understand

When the EXECUTE button is pressed, the EA immediately opens a grid of Buy & Sell pending orders at once from the current market price — the number of layers, the distance between layers, and the lot per layer follow your settings on the panel.
Basket TP closes all positions once price reaches the combined breakeven (BEP) + a set distance. While the basket has not closed, the closing of any single position (hit by TP/SL/trailing/manual) will trigger the closing of all remaining positions and pending orders (close all).
If Continuous Entry is enabled, the EA automatically opens a new grid from the latest market price every time a basket cycle finishes closing — the EA will keep opening new positions nonstop while this feature is ON.
The more layers and the smaller the distance between layers, the more pending orders can potentially be triggered at once when the market moves fast — use a lot size and number of layers that match your capital to avoid a Margin Call (MC).
This EA does not analyze market direction. The grid is opened in both directions from the current price — not based on predictions of an uptrend or downtrend.
The EA does not run 24 hours automatically without supervision. You still need to monitor your positions, market conditions, and economic news — especially while Continuous Entry is active.
Trading results depend entirely on parameter settings, risk management, and discipline of each user — not on the EA itself.

These tools are intended for traders who already understand the concepts of grid trading, hedging, and their risks. Indorebate is not responsible for trading losses arising from the use of these tools. Forex trading carries a risk of losing capital.

Features

What This EA Does

All features are controlled directly from the dashboard panel on the chart — no need to change code or settings through the EA input window.

Features	Description
Two-Way Grid Pending	Opens Buy & Sell pending orders at once from the market price when the EXECUTE button is pressed. The pending type can be Stop (following breakouts) or Limit (mean-reversion).
SL/TP Per Position or Global	Choose "Per Position" mode (fixed SL/TP for each layer) or "Global" (calculated from the outermost layer, applied equally to all positions on the same side).
Basket TP (Combined)	Automatically closes all positions when price reaches the combined breakeven (BEP) + the set distance. In Stop mode, it is active if both sides have positions; in Limit mode, it can be active even when only one side is open.
Hard TP/SL (ON/OFF)	ON (default): the real TP/SL stay placed at the broker as a double safeguard. OFF: all broker TP/SL are removed, and basket closing is controlled purely by the EA through price checks on every tick.
Automatic Trailing Stop	Runs automatically only when positions are open on one side only (full Buy only or full Sell only), locking in profit as price moves in that direction.
Continuous Entry	Once a grid cycle has fully closed, the EA automatically opens a new grid from the latest market price — without needing to press Execute again manually.
Target Profit & Target Loss (USD)	Once the target is reached, the EA closes all positions and turns itself off (press CONNECT again to reactivate).
Full Dashboard Panel	Shows the pair name, number of open Buy/Sell positions, Trailing status, active Basket TP level, and floating/closed/total profit in real time.
Draggable & Minimizable Panels	The parameter panel and info panel can be dragged to any position on the chart (the position is saved automatically) and minimized via the "_" button in the top right corner.
Blank Chart Mode	Hides the default candles, grid, and volume of the chart (plain background) so you can focus on the EA panels — can be restored any time with the same button.

Usage Guide

How to Use the EA

Activation with PasswordEnter your Trading Account Number and Activation Password (provided by the admin via email/Telegram after your account is approved as a rebate member) into the EA's input parameters. The EA only runs if the combination matches your account data registered in the Indorebate network.
PreparationAttach the EA to the chart of the pair you want to trade. Make sure the trading account is in hedging, not netting, because the EA opens Buy & Sell positions at once on the same pair.
Set the Grid According to Your CapitalSet the number of Layers, the Distance between layers (points), and the Lot per layer on the panel — the more layers and the smaller the distance, the greater the potential total open lots.
Choose Pending Mode & SL/TPChoose the pending type STOP (breakout) or LIMIT (mean-reversion), then set the SL/TP mode: Per Position or Global.
Set Basket TP & TrailingEnable Basket TP and set its distance from the BEP according to your target. Turn on Trailing if desired (STOP mode only) — its status runs automatically once positions remain on only one side.
Set Additional ProtectionSet Target Profit and Target Loss (USD) as automatic safeguards for the whole cycle, and decide whether you want Continuous Entry enabled or not.
Press CONNECT, then EXECUTEPress the CONNECT EA button to activate the EA, then press EXECUTE to open the grid pending orders according to the parameters you have set.
Monitor RegularlyCheck the info panel regularly, especially when the market is volatile (news releases, trading session overlaps) — the EA is not a substitute for your own supervision.
Close All / Reset Any TimeUse the CLOSE ALL button to close all positions & pending orders without resetting the EA state, or RESET to close everything and return the EA to its initial state (CONNECT must be pressed again).

How to Claim the Free EA

Register a trading account via the Indorebate referral link → Activate & validate your rebate member status → Check your email → Check the Password for activating Grid Pending Tools.

⚠️ The EA is only given to accounts verified as registered at Indorebate.