Fish n Grid EA V1.0 MT4

Introduction

Fish n Grid EA V1.0 MT4 is an automated trading system developed for the MetaTrader 4 platform. It is based on a grid trading strategy that places multiple trades at predefined price intervals. The main goal of the EA is to take advantage of normal market fluctuations by opening several positions and averaging the entry price. When the market retraces, the EA closes the basket of trades at a profit. This Expert Advisor is designed for traders who want to automate their trading strategy and reduce manual intervention while maintaining control over risk management settings.

Key Features

• Automated grid trading system.
• Opens multiple trades at predefined price intervals.
• Adjustable grid distance for different market conditions.
• Customizable lot size and risk management settings.
• Basket take profit system to close all trades together.
• Compatible with most MT4 brokers.
• Easy integration with the MetaTrader 4 platform.
• Can run continuously on MT4 or VPS for 24/7 trading.

Recommended Settings

• Currency Pair: EURUSD, GBPUSD
• Timeframe: M15 or H1
• Starting Lot Size: 0.01
• Grid Distance: 20–30 pips
• Maximum Trades: 5–10
• Basket Take Profit: Small consistent profit target
• Minimum Account Balance: 300–1000 USD recommended
• Broker Type: Low spread or ECN broker preferred

Backtest Result

• Shows stable performance in ranging market conditions.
• Generates frequent small profits through grid trade cycles.
• Profitability depends heavily on grid spacing and lot size.
• Drawdown may increase during strong trending markets.
• Results vary based on currency pair, timeframe, and broker conditions.

Advantages

• Fully automated trading system.
• Reduces emotional decision-making.
• Does not require perfect market entry timing.
• Suitable for traders with limited trading time.
• Customizable parameters for risk management.
• Can capture profits from normal price fluctuations.

Disadvantages

• Grid systems can face high drawdowns during strong trends.
• Multiple open trades can increase margin usage.
• Requires proper configuration to control risk.
• Performance may vary depending on broker conditions.
• Not ideal for very small trading accounts.

Installation & Setup Guide

1. Download the Fish n Grid EA V1.0 file (.ex4 or .mq4).

2. Open MetaTrader 4.

3. Click File → Open Data Folder.

4. Go to MQL4 → Experts folder.

5. Copy the EA file into the Experts folder.

6. Restart the MetaTrader 4 platform.

7. Open a currency pair chart.

8. Drag Fish n Grid EA from the Navigator panel onto the chart.

9. Configure the EA input settings.

10. Enable the AutoTrading button to start the EA.

Support & Disclaimer

Support

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

WhatsApp: Click here

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.