Elise EA
Grid + scalping EA (MT4/MT5) · Source code included · Multi-pair
About Elise EA
The Elise EA, distributed with source code (MQ4 & MQ5) via eafxstore.com and eaforexstore.com, is a MetaTrader 4/5 Expert Advisor combining grid-trading logic with scalping precision. The Elise series has spawned several specialised variants — including Elise Hedge EA and Elise Gold EA (see separate listing) — all sharing the same core algorithmic foundation.
It's designed to be applied across multiple pairs, including XAUUSD, EURUSD, and GBPUSD, giving traders a structured, rules-based automation framework rather than a single fixed-pair system.
- Platform: MetaTrader 4 / MetaTrader 5
- Strategy: Grid trading + scalping precision
- Pairs: XAUUSD, EURUSD, GBPUSD (and other majors)
- Distribution: Source code (MQ4 & MQ5) available
- Source: eafxstore.com · Elise EA Source Code MQ4 & MQ5 (Original version)
Key Features
✓ Source code included for both MT4 and MT5 — auditable and cross-platform
✓ Multi-pair capable, part of a broader, actively-maintained EA family
⚠ Grid-based systems can accumulate exposure in sustained trends — size positions conservatively and understand the drawdown profile before live use