Expert Advisor Analysis: "GrenadeEA"

🔥 Slogan: "Explosive Grid Trading – Maximize Gains, Minimize Risks!"

Overview

GrenadeEA is a MetaTrader 4 (MT4) grid trading system designed to capitalize on market volatility using multiple entry points, dynamic lot sizing, and risk management. It features dual-engine trading (BUY/SELL), martingale/anti-martingale options, and advanced filters to optimize performance.

Key Features:

✅ Grid Trading System – Opens multiple orders at predefined intervals.

✅ Dual-Engine Mode – Independent BUY/SELL strategies with separate magic numbers.

✅ Flexible Lot Sizing – Fixed, percentage-based, or martingale-style lot calculations.

✅ Risk Management – Equity stop-loss, daily targets, and spread filters.

✅ Advanced Filters – News avoidance, time restrictions, and trend confirmation (MA/HILO).

Trading Strategy

1. Entry Conditions

Grid-Based Entries:

Opens new orders at fixed intervals (InpGridSize in pips).

Supports martingale (exponential lot increase) or step lot (fixed increments).

Trend Confirmation:

Uses Moving Average (MA) and HILO (High-Low EMA) filters.

Can invert signals (InpMAFilterInverter).

2. Exit Conditions

Take Profit (InpTakeProfit) – Fixed TP in pips.

Trailing Stop (InpUseTrailingStop) – Locks in profits.

Break-Even (InpUseBreakEven) – Moves SL to breakeven after a set distance.

Minimal Profit Close (InpEnableMinProfit) – Closes profitable trades early.

How to Use This EA

Installation

Download the .mq4 file.

Copy to: MT4/MQL4/Experts/

Attach to a chart (M15-H1 recommended).

Recommended Settings

ParameterRecommended ValueDescription

Lot ModeLOT_MODE_PERCENTRisk-based lot sizing.

Fixed Lot0.01Base lot size (if fixed).

Percent Lot0.03Risk per trade (% of balance).

Take Profit30 pipsFixed TP per trade.

Grid Size3 pipsDistance between grid orders.

Grid Factor1.3Multiplier for martingale lots.

Max Lot99Maximum allowed lot size.

Daily Target50 (USD)Closes all trades once reached.

Trailing Stop20 pipsActivates after InpTrailStart.

Break-Even15 pipsMoves SL to BE after profit.

Risk Management

Equity Stop (InpUseEquityStop) – Closes all trades if equity drops below InpTotalEquityRisk (e.g., 60%).

Spread Filter (InpMaxSpread) – Avoids trading if spread exceeds 24 pips.

News Filter (InpUseFFCall) – Pauses trading around high-impact news events.

Pros & Cons

✅ Pros:

✔ High Profit Potential – Grid trading exploits volatility.

✔ Customizable Risk – Fixed, percentage, or martingale lot options.

✔ Multi-Filter Protection – Avoids bad trades during news/spikes.

Optimization Tips

Test on EURUSD or GBPUSD (low spread pairs).

Adjust InpGridSize based on volatility (e.g., 5 pips for calm markets).

Enable InpUseFFCall to avoid news-related slippage.