Fish n Grid EA V1.0 MT4

Introduction

Fish n Grid EA V1.0 MT4 is an automated grid-based trading system designed for the MetaTrader 4 platform. It focuses on capturing market retracements and price fluctuations rather than predicting long-term trends. The EA systematically places trades at predefined intervals and manages them as a basket, aiming to close all positions once a cumulative profit target is reached. It is best suited for traders who understand grid trading mechanics and can manage risk responsibly.

Key Features

1. Grid-Based Order Placement
   Automatically opens trades at defined pip distances, forming a structured grid.

2. Basket Take Profit System
   Closes all open trades once a combined profit target is reached.

3. Custom Lot Management
   Supports fixed lot, incremental lot, or multiplier-based scaling.

4. Adjustable Grid Distance
   Allows users to control spacing between trades to manage risk and frequency.

5. Maximum Trade Limit
   Restricts the number of open positions to prevent overexposure.

6. Equity Protection
   Includes drawdown control and account protection settings.

7. Fully Automated Operation
   Executes, manages, and closes trades without manual intervention.

Recommended Conservative Settings

For safer operation, beginners may consider:

• Lot Size: 0.01 per $1,000 balance

• Grid Distance: 30–50 pips

• Multiplier: 1.2 or fixed lot

• Maximum Trades: 5–8

• Equity Stop: 20–30% maximum drawdown

• Leverage: 1:100 or lower

These settings aim to reduce drawdown risk and improve account stability.

Backtest Result

Backtest performance depends on:

• Currency pair selected

• Spread and broker conditions

• Grid spacing and lot multiplier

• Historical market volatility

In ranging conditions, backtests may show consistent small gains with moderate drawdown. During strong trending periods, drawdown can increase significantly. It is strongly recommended to perform your own backtest in MT4 Strategy Tester using your broker’s data before live trading.

Advantages

1. Automated Trading
   Removes emotional decision-making and reduces screen time.

2. Profits from Market Oscillation
   Performs well in sideways and retracing markets.

3. Customizable Risk
   Allows adjustment of lot size, grid spacing, and exposure.

4. Structured Trading Logic
   Follows predefined mathematical rules.

5. Suitable for VPS
   Can run continuously without interruption.

Disadvantages

1. High Drawdown Risk
   Strong trends without retracement can increase floating losses.

2. Capital Requirement
   Requires sufficient account balance to sustain grid levels.

3. Not Ideal for News Volatility
   High-impact events may disrupt grid structure.

4. Risk Increases with Multiplier
   Aggressive lot scaling can accelerate margin usage.

Installation & Setup Guide

Step 1: Download the EA file (.ex4 or .mq4).
Step 2: Open MT4 and go to File → Open Data Folder.
Step 3: Navigate to MQL4 → Experts.
Step 4: Paste the EA file into the Experts folder.
Step 5: Restart MT4.
Step 6: Open a currency pair chart.
Step 7: Drag the EA from the Navigator panel onto the chart.
Step 8: Enable AutoTrading.
Step 9: Adjust input settings according to your risk preference.
Step 10: Test on a demo account before trading live.

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.