🧩What is Fish n Grid EA?
The Fish n Grid EA is designed as a multi-pair grid trading system with adjustable order layering, risk controls, and time-based filters. The settings displayed provide deep insight into how this Expert advisor (EA) manages entries, spreads, trading hours, and basket exits.
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🧩General Settings
Magic_Number: 404
This unique identifier ensures that Fish n Grid EA can separate its trades from other EAs or manual positions. A clean Magic Number helps maintain proper trade management and reporting.
Open_order_Comment: “FishnGrid”
A clear comment tag makes trade tracking easy in MT4’s order history.
Spread Filter: 20
The EA only opens new orders if the spread is below 20 points.
This prevents entries during widened spreads—often seen during news releases, market openings, or low-liquidity conditions.
First_Order_Lot_Size: 0.01
A very small initial lot size indicates a conservative risk baseline, essential for grid trading strategies.
Timeframe: 1 Hour
The EA reads market conditions on the H1 chart, suggesting medium-term grid spacing and stability.
🧩Currency Selection Module
Multicurrency_Switch: false
Despite a long list of currency pairs, the EA is configured to run only on the attached chart (single-pair trading mode).
However, multiple pairs are marked true, indicating flexibility if the user decides to enable multi-pair trading.
Supported Pairs (most set to TRUE):
- AUDCAD, AUDCHF, AUDJPY, AUDUSD
- CADCHF
- EURCAD, EURCHF, EURGBP, EURJPY, EURUSD
- GBPCHF, GBPNZD, GBPUSD
- NZDCAD, NZDCHF
- USDCAD, USDCHF
This multi-pair capability makes the EA adaptable for portfolio diversification.
🧩Grid & Order Expansion Settings
Max_Level: 15
The grid can expand up to 15 levels, which is typical for medium-risk grid strategies.
More levels = more recovery capability, but also more drawdown potential.
Add_Order_Minute: 45
The EA waits 45 minutes between additional grid orders.
This prevents excessive clustering and reduces the chance of overexposure in fast markets.
🧩Exit Settings
Stop_Loss_in_Dollar: 3000
A basket-based dollar stop loss.
This means that once the combined equity drawdown reaches $3,000, the EA closes all open trades.
This is safer than relying solely on pip-based stop losses in grid systems.
🧩Time Filters & Trading Hours
The EA includes comprehensive daily time filters, ideal for avoiding off-session volatility.
Daily Trading Windows (Server Time):
- Sunday to Saturday Start Hour: 0
- Sunday to Saturday Stop Hour: 24
This means trading is allowed 24 hours a day unless modified manually.
NonfarmPayroll_filter: false
NFP avoidance is disabled.
Grid systems often perform poorly during high-impact events, so enabling this filter is recommended for safety.
🧩Conclusion
The Fish n Grid EA settings reveal a flexible and moderately conservative grid trading system powered by a small initial lot size, max 15 grid levels, and a dollar-based basket stop loss for capital protection. With an extensive currency selection list, configurable spread filter, and robust time-window controls, this EA is designed to operate steadily across multiple Forex pairs.
Although the system shows strong adaptability, traders should remain cautious with grid strategies due to cumulative drawdown risk—especially with the NFP filter disabled. Overall, the configuration indicates a well-structured EA suitable for traders seeking automated multi-pair grid trading with defined risk boundaries and customizable order expansion timing.
