Mi New Line 1
MFOREX.PRO 7-pair grid EA · MT4
About Mi New Line 1
Mi New Line 1 is an MT4 grid Expert Advisor whose source carries the MFOREX.PRO copyright (v1.00, bilingual RU/EN). From the code: it trades a basket of 7 pairs — EURUSD (80-pip step), GBPUSD (90), AUDUSD (75), NZDUSD (75), USDJPY (60), USDCAD (110), USDCHF (110) — averaging into each pair's grid and closing baskets at a shared profit target (ProfitPips 30, minimum 25 pips move before grid expansion).
Honest risk note from the code: like its sibling SevenTrade/"Boom EA", the default StopLossProcent is 0 (no stop loss) and the panel tracks "Grid in Profit / Grid to Loss" — a pure averaging grid. Risk-based sizing defaults to 1%, trading window 03:00-23:00, up to 100 open orders. Profitable in ranges, dangerous in one-way trends — demo first, never untested live.
- Platform: MetaTrader 4 (source reviewed)
- Developer: MFOREX.PRO (from code header)
- Strategy: 7-pair grid/averaging basket with per-pair step sizes (60-110 pips)
- Key Settings: Risk 1%, PipsStep 40, MinPips 25, ProfitPips 30, MaxOrders 100, hours 3-23
- Stop Loss: None by default (StopLossProcent = 0)
- Source: mforex.pro · developer site (from code header)