Introduction

SteevGrid EA V4.40 MT5 is an automated Expert Advisor designed for the MetaTrader 5 platform. It uses a grid trading approach to open and manage multiple positions at defined price intervals. The bot is intended for traders who want systematic automation on selected instruments without constant manual chart monitoring. It focuses on XAUUSD and EURUSD and can be applied on M15 and H1 timeframes.

Key Features

Built exclusively for MetaTrader 5
Grid-based trading strategy
Supports XAUUSD and EURUSD
Compatible with M15 and H1 timeframes
Fully automated order placement and management
Version V4.40 with structured grid logic
Runs continuously when attached to a chart or VPS

Recommended Settings

Use the following as a practical starting point and always fine-tune after testing:

Pairs: XAUUSD, EURUSD
Timeframe: M15 or H1
Start with conservative lot size and limited grid levels
Test thoroughly on demo before any live use
Run on a stable VPS for continuous operation
Monitor equity and open positions regularly

Advantages

Removes the need for manual grid order placement
Provides consistent rule-based execution
Reduces screen time compared with manual trading
Works on popular instruments such as gold and EURUSD
Suitable for traders who prefer systematic automation

Disadvantages

Grid systems can face high drawdown in strong trending markets
Performance depends heavily on correct settings and broker conditions
Requires monitoring of floating equity and risk exposure
Not ideal for beginners unfamiliar with grid risk
Results are not guaranteed and past tests do not predict future performance

Support & Disclaimer

Support:

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

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.

SteevGrid EA V4.40 MT5

Description