Introduction 🤖

The Blinder Price EA V3 is a fully automated MT4 Expert Advisor that profits from market retracements using smart grid logic. It enters trades when price deviates from a mean value, then layers positions to average entry points before closing the entire basket at a single Take Profit. Designed for traders who want high win rates without emotional decision-making.

Key Features 🔧

• Dynamic Grid Spacing – Adjusts order distance based on real-time volatility
• News Filter – Avoids trading 30 minutes before/after high-impact economic events
• Equity Protection Stop – Closes all trades if total drawdown hits user-defined %
• Multi-Currency Support – Works on EURUSD, GBPUSD, XAUUSD, AUDJPY, CADJPY
• Martingale-Lite Logic – Graduated lot multiplier (1.4x to 2x) instead of dangerous doubling
• Max Trades Limit – Stops adding positions after user-defined grid level (5-7 default)
• Correlation Check – Prevents over-exposure by avoiding correlated pair entries

Recommended Settings ⚙️

• Currency Pair: EURUSD or GBPUSD
• Timeframe: M5 (5-Minute)
• Initial Lot Size: 0.01 per $1000 account balance
• Grid Step: 15 pips
• Max Trades: 6
• Martingale Factor: 1.4
• Take Profit (Basket): 10 pips
• Maximum Spread: 25
• Equity Drawdown Limit: 20%

Advantages ✅

• High win rate (80%+ in backtesting)
• No emotional trading – fully automated
• Works well in ranging/sideways markets
• Built-in equity protection prevents total loss
• Transparent logic – easy to verify on charts
• Low CPU usage – run multiple pairs

Disadvantages ❌

• Vulnerable to strong trending markets
• Requires low-spread broker for profitability
• Needs larger account ($500 minimum, $1000 preferred)
• Drawdown can last several days
• Not suitable for breakout trading strategies
• Requires VPS for 24/5 stable operation

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.