A MetaTrader 5 EA for placing and managing a grid of pending orders (buy/sell limits or stops) on the chart's symbol, designed for grid trading or news events. It uses buttons for user control, supports timed order placement, and includes visual labels for floating P/L, equity, and FIFO status. Orders are managed with a custom comment for tracking.

How It Works:

• Buttons: Enable grids (Buy/Sell Limit/Stop, up to 50 orders, 0.5-pip spacing, 1-pip start distance), remove specific order types, close all positions/orders, or trigger both Buy/Sell Stops ("News Trading").
• Order Placement: Places NumberOfPendingOrders (default 50) with LotSize (0.5), starting at StartDistancePips from current price, spaced by OrderSpacingPips. Optional timer delays placement (default 1 minute).
• Visuals: Shows countdown timer, P/L, equity, and FIFO status on a black rectangle background.
• FIFO Support: Closes positions in order of opening (if EnableFIFO true) for US brokers.

Profit Taking:

• TP Options:
  • If EnableTPInPips true, sets TP at ±10 pips (default) on orders.
  • If EnableTPPercent true (default), closes all EA positions when profit reaches 0.5% of equity.
• Manual Closure: "Close All" button closes positions and deletes orders.

Risk Management:

• Drawdown Limit: Closes all positions and removes EA if drawdown exceeds MaxDrawdownPct (4%) from peak equity.
• Order Control: Delete specific order types via buttons; validates order prices.
• Fixed Lot Size: No scaling, uses input LotSize.
• Safeguards: Tracks EA-specific orders via custom comment; logs errors.

Use Case: Suits grid trading or news-driven strategies with manual control. Risky due to grid accumulation; test on demo.