Forex Grid Trader EA - making money from your bed!

Hello, dear reader! Not all who are familiar with Forex, have the desire or time to study a lot of Forex strategies, books, psychology, work with yourself and so on. Many dreaming about the fast money especially with a guarantee. It’s not a problem! Need Money? Cash will be! Please welcome - Forex Grid Trader EA.

Robot characteristics

Platform: MetaTrader 4
Currency Pairs: GBPUSD
Timeframe: M1
Trading Time: all sessions
Recommended Broker: Roboforex

Strategy

So, the robot Forex Grid Trader assigned to robots who work on martingale basis (increasing the lot if the position is going against us). This kind of robots makes the greatest profit, but anytime you can burn off all or part of your deposit. Our task is to withdraw the profit periodically until 100% Profitability will be reached, and then trade with profit money.

Since this robot considered as dangerous - I strongly recommend for you to read the post about basic rules in trading with these robots. Be sure to read.

Monitoring

Here you can see the monitoring of the robot manufacturers real account. Profitability more than 2000% in a year in a real account. It should be noted that the authors are periodically withdrawing the profit. And withdraw three times more than was the initial deposit. Withdrawing the profit periodically - the most important moment in trading with these robots. Unfortunately, but since 2025-01-25 authors stopped and rubbed out robot statistics. Is difficult to understand why this happened, but the robot worked well, and the deposit has not been burned.

Here you can see third party monitoring, running in the meantime.

Recommended MM

Forex Grid Trader opens orders with the biggest lot when the first position goes against us, and as far as positions will go against us, and then more orders opened with the biggest lot. Of course, to avoid Margin Call and the robot can close the pyramid, we need to have enough money in the account. See the robot manufacturer’s recommendation of deposit sizes and account types below.

ACCOUNT TYPE	MINIMAL LOT	MINIMAL DEPOSIT	BROKERS
Cent	0.01	$250 (25000 cent)	Roboforex (Fix cent), Forex4you
Cent	0.1	$2500	Roboforex (Pro cent)
Standart	0.01	$25000	Roboforex
Classical	0.1	$250000	Classical type of accounts, typical of many brokers (Alpari, XM)

The table shows that the most optimal choice for many traders will be broker Roboforex account. It does not require large investments and allows to keep recommended MM.

Installation

1. Launch your MetaTrader 4 terminal and click Tools->Options.

2. At this stage, make certain that you have checked and unchecked all the boxes exactly as shown below in order to ensure correct Forex Grid Trader operation.

3. Now, open the graphs for GBP/USD currency pair. Select the 1-minute graph, М1.

4. Now you are ready to place Forex Grid Trader on the chart. In the Navigator window, double click Expert Advisors to expand it. You should now see all Expert Advisors including Forex Grid Trader. Now, you can right click Forex Grid Trader EA and select Attach to a Chart, or alternatively simply drag Forex Grid Trader EA onto the chart.

After placing Forex Grid Trader EA on the chart, you should see a smiley face in the upper right-hand corner of your chart. This means the robot is running. If you do not see a smiley face, make certain that under Properties on the menu bar, the Allow Live Trading box is checked. If it is checked and you still do not see a smiley face, go to Tools on the menu bar and select Options. A popup will appear. Select the Expert Advisors Tab and check both the Enable Expert Advisors box and the Allow Live Trading box. You can enable or disable Forex Grid Trader from the Expert Advisor button at any time.

5. After you mounted the EA on the first chart, you need to set a unique Magic number for the robot, you just need to change the magic number to “30001” for example.

6. The last step is to go to the Common tab of the robot settings, and then on the left side select the “Only Long” option.

Finally, click OK, and now your EA is set up for the first chart.

7. After you mounted the robot on the first chart, you need to set up the second chart too. The installation of the second chart is the same as the first one, the only difference is the Magic number, and the Common tab option. If you set up the first chart with a magic number of “30001”, then your second one needs to be set to a Magic number “30002”. On the second chart, in the Common tab, you need to select the “Only Short” option from the left side.

So, we got 2 GBPUSD M1 charts with the same robot, but different MagicNumber numbers. In the first chart - Only Buy, in the second - Only Sell.

Settings

You can edit Forex Grid Trader settings by right clicking anywhere on the chart and select Expert Advisors -> Properties.

ShowTradeComment: This variable determines if FGT will show Onscreen Comment or not.
Lots: this determines the fixed trading volume use at the beginning of the grid cycle.
MultiLotsFactor: used to calculate the lot size to be used on the next trade.
StepLots: the number of steps before a new position/trade is added.
double TakeProfit: proximity to take profit levels in standard (4 digits) pips.
UseTrailing: determines if trail stop is used.
TrailStart: minimum profit to be guaranteed when the stop loss is moved to secure a profit.
TrailStop :p proximity to trail stop levels in standard (4 digits) pips.
MaxOpenOrders: using this parameter you could limit the number simultaneously opened trades in your account.
SafeEquityStopOut: determines if FGT EA closes all open trades when a percentage of the account equity is in a floating loss.
SafeEquityRisk: The percentage of account equity FGT is allowed to risk if the trade goes the wrong way.
Slippage: maximum allowed slippage.
MagicNumber: a unique identifier through which Forex Grid Trader EA recognizes and manages its positions. If you use other expert advisors on the same account, please ensure that each of them has a distinct, unique identifier. Also, make sure the two instances of FGT have distinct Magic Numbers.

To conclude

So, the robot Forex Grid Trader is very profitable but highly risky. The main thing - often withdraw the profit and constantly observe the recommended amount of the deposit (see above). If your account is significant in extent and importance and if you do not wish to take unnecessary risk, then you ought to settle for a very low lot size in a grid cycle. In such case, you may expect a return on investment in the order of 10 to 100 percent on an annual basis.

Important!!!

The robot requires a steady operation of the terminal from the market opening on Sunday evening before closing on Friday evening. I recommend you use a VPS server services if you are unable to keep your computer switched on 24/7.