The Best Grid expert advisor for Metatrader 4 is designed to take advantage of market consolidation and will open grid trades at the best possible entry price.
The EA will open several trades in this area to benefit from range-bound market activity.
The Best Grid uses both stop losses and take profit levels.
From our testings, the Grid Forex robot performed very well (see month gain chart below).
The EA can be used on unlimited trading accounts, both demo and live and should work on any time frame.
Recommended: test this expert advisor for MT4 on a demo account first over an extended period of time before running it on a live trading account.
The chart below shows the Best Grid EA monthly trading performance for 7 consecutive month (click on the chart to zoom in).
- Averages about 35% gain per month
- Best month: 79.25% gain
- Worst month: 6.43% gain
- Average consecutive wins: 6
Download This Expert Advisor (MT4)
General Information & Recommendations
- Works on any currency pair of your preference
- Optimized for range-bound markets
- Recommended minimum account balance: $100
- Works on unlimited demo accounts.
- Works on unlimited live accounts.
- Developed for Metatrader 4
The picture below shows the Best Grid EA attached to the EUR/USD 1-hour chart.
EA Input Parameters
Magic, enable algorithm, lot size, grid, pips added, correction of step, close all level, entry settings, entry distance, set factor take profit factor
How to access the inputs tab? Right click on the chart > properties > inputs tab (adjust EA settings here)
How do I install the Best Grid Forex Robot in Metatrader 4?
- Open the Metatrader 4 platform and select “File” from the top menu
- Click on “Open Data Folder” and select the “MQL4” folder
- Click on “Experts” folder and drag and drop the BestGrid EA.ex4 file into this folder
- Restart the Metatrader 4 platform and attach the expert advisor to the chart