Fish n Grid EA V1.0 MT4

Introduction

Fish n Grid EA V1.0 MT4 is an automated trading system designed for MetaTrader 4 that uses a grid trading strategy. It places multiple trades at different price levels to take advantage of market fluctuations and potential retracements, aiming to close baskets of trades in overall profit.

Key Features

• Grid-based trading strategy
• Fully automated trade execution
• Multiple trade layering system
• Basket profit closing mechanism
• Customizable grid spacing and lot size
• Built-in risk controls (stop loss/equity protection options)
• Multi-currency pair support
• MT4 compatibility with backtesting support

Recommended Settings

• Risk Level: Low to moderate (1%–2% recommended)
• Grid Distance: Medium (avoid too tight grids)
• Timeframe: M15 or H1
• Currency Pairs: Majors with stable spreads
• Lot Size: Fixed small lot recommended
• Broker: ECN with low spread
• VPS: Recommended for stability

Backtest Result

• Strong performance in ranging markets
• Irregular results in strong trending conditions
• Moderate to high drawdown depending on settings
• Performance varies significantly with grid configuration and broker conditions

Advantages

• Profits from market fluctuations, not direction
• Fully automated trading system
• Can recover trades through averaging mechanism
• Works well in sideways markets
• Flexible configuration options
• No need for constant manual monitoring

Disadvantages

• High risk during strong trending markets
• Potential for large drawdowns if unmanaged
• Requires strong understanding of grid trading
• Margin pressure from multiple open trades
• Not suitable for beginners without risk knowledge
• Performance highly dependent on settings

Installation & Setup Guide

1. Download EA file (.ex4 format)
2. Open MT4 → File → Open Data Folder
3. Go to MQL4 → Experts folder
4. Paste EA file into folder
5. Restart MT4 platform
6. Attach EA to selected chart
7. Enable AutoTrading
8. Configure grid distance, lot size, and risk settings
9. Monitor performance regularly.

Support & Disclaimer

Support

If you need help installing or configuring your EA, or face any kind of bug, feel free to reach out on:

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Telegram Group: Join our community

Disclaimer: 

Forex and gold trading involve risk. Past performance doesn't guarantee future results. Always test robots on demo before live trading and use proper risk management.