🧩 Overview of BlackCat Grid EA
BlackCat Grid EA is a grid-based Expert Advisor (EA) for MT4, designed to trade automatically by opening multiple positions at fixed price intervals. From the provided settings, this EA is configured in a low-lot, controlled-risk grid strategy, suitable for small to medium accounts when used carefully.
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🧩 General Information & Identification
🔹 NameAI: The Gold Alliance Expert Advisor
- Internal EA name
- Indicates this version may be customized or rebranded
🔹 Description
- Uses complex algorithms to analyze market data
- Typical marketing description, not affecting execution
🔹 Notice
- Standard trading risk disclaimer
- Reminds users that grid trading carries significant risk
🧩 General Trading Settings
🔹 Magic ID = 2025.0
- Unique identifier for trades
- Prevents conflict with other EAs
- Safe for running multiple EAs on the same account
🔹 Risk MM = 0.1
- Risk multiplier is defined
- However, risk management is overridden due to fixed lot usage (see below)
🧩 Lot Size & Risk Management
🔹 If True = Fix Lot → true
- EA uses fixed lot size
- No automatic lot scaling based on balance or equity
🔹 Fixed Lot = 0.01
- Very small micro-lot
- Suitable for:
- Small accounts
- Grid strategy testing
- Conservative risk approach
🔹 Stop Loss Percent = 5.0
- Maximum allowed loss per cycle
- Acts as an emergency equity stop
- Important protection for grid EAs
📌 Analysis:
Using a fixed 0.01 lot with a 5% stop loss cap significantly reduces the risk of account wipe, which is a common danger in grid strategies.
🧩 Take Profit & Exit Strategy
🔹 Take Profit = 500
- Likely measured in points
- Relatively large TP target
- Allows the grid to accumulate positions before closing in profit
🔹 Trailing Profit = 20.0
- Activates trailing once profit reaches a certain level
- Helps lock in gains during strong trends
📌 Conclusion:
This exit logic combines basket-style take profit with trailing profit, which is ideal for grid EAs in ranging or slowly trending markets.
5. Grid Trading Configuration
🔹 Step Grid = 20
- Distance between grid orders
- Smaller grid step → more trades → higher risk
- 20 points indicates moderate grid density
🔹 Max Open Grid = 20
- Maximum number of grid positions
- Hard cap prevents unlimited order accumulation
⚠️ Risk Note:
20 grid orders can still create significant drawdown during strong one-directional trends.
🧩 Time Filter Settings
🔹 Time Start = 2.0
🔹 Time End = 23.0
- EA trades only between 02:00 – 23:00 (broker time)
- Avoids low-liquidity rollover period
- Reduces spread spikes and slippage
✅ This is a very positive risk-control feature for grid systems.
🧩 Strengths & Weaknesses Summary
✅ Strengths
✔ Fixed low lot size (0.01)
✔ Equity-based stop loss protection (5%)
✔ Limited maximum grid orders
✔ Time filter avoids rollover volatility
✔ Suitable for conservative grid trading
❌ Weaknesses
✖ No dynamic lot scaling
✖ Grid strategy vulnerable to strong trends
✖ No news filter included
✖ No explicit spread or slippage filter shown
🧩 Final Verdict
Based on the provided settings, BlackCat Grid EA is configured as a low-risk, fixed-lot grid trading robot with essential safety controls such as maximum grid limits, equity stop loss, and time-based trading filters. While the conservative lot size helps protect small accounts, the EA still carries the inherent risk of grid strategies, especially during strong market trends or high-impact news events.
👉 This configuration is best suited for cautious traders, cent accounts, or forward testing. For long-term sustainability, users should consider adding trend filters, news avoidance, or dynamic risk management.
