๐งฉ What is Grid EA Pro RSI MT4?
Grid EA Pro RSI MT4 is an automated trading system that combines RSI-based market analysis with a structured grid approach to manage entries and exits efficiently. It focuses on stability and adaptability by reacting to overbought and oversold conditions, while integrated risk management tools help control drawdown, optimize exposure, and maintain consistent performance across varying market conditions.
๐งฉ Trade Execution & Order Control
๐น CHECKMODE: NEW BAR
- The EA checks conditions only on the opening of a new candle.
- โ Reduces false signals and overtrading
- โ Slower reaction in fast markets
Best for: Stable markets and higher timeframes.
๐น Max_Order: 5
- Maximum number of active orders per grid cycle.
- Keeps drawdown controlled.
- Conservative grid depth.
Risk level: MediumโLow
๐น STEP_ORDERS: 100
- Distance between grid orders (points).
- Larger spacing = safer grid, slower recovery.
๐งฉ RSI Strategy Parameters
๐น RSI_PERIOD: 10
- Short RSI period โ more sensitive signals.
- Suitable for scalping or intraday strategies.
๐น UP_LEVEL: 85
- Overbought threshold.
- Very high โ trades only when market is extremely overbought.
๐น DN_LEVEL: 15
- Oversold threshold.
- Very low โ reduces false buy signals.
๐น RSI_TIMEFRAME: 1 Hour
- RSI signals are calculated on H1 timeframe regardless of chart TF.
- Enhances signal reliability and trend filtering.
Trading Style: Swing / Intraday hybrid
๐งฉ Money Management & Risk Control
๐น VOLUME: 0.01
- Fixed initial lot size.
- Very conservative, suitable for small or testing accounts.
๐น FROM_BALANCE: 100000
- EA logic assumes a reference balance of 100,000.
- If actual balance is lower โ risk is reduced automatically.
๐น RISK_PER_TRADE: 0.0
- Disabled dynamic risk calculation.
- Lot size is manually controlled.
๐น LOT_MULTIPLIER: 1.5
- Each new grid order increases lot size by 1.5x.
- Moderate martingale effect.
โ ๏ธ Risk increases exponentially if trend continues.
๐น MAX_LOT: 999.9
- Practically unlimited.
- Dangerous if no broker or equity protection is used.
๐งฉ Grid Expansion & Overlap Logic
๐น STEP_MULTIPLIER: 1.0
- Grid spacing remains fixed.
- No adaptive widening during drawdown.
๐น MAX_STEP: 1000
- Maximum allowed grid distance.
- Prevents runaway grid expansion.
๐น OVERLAP_ORDERS: 5
- Allows multiple grid layers in the same price zone.
- Increases exposure density.
๐น OVERLAP_PIPS: 10
- Minimum pip distance between overlapping orders.
๐งฉ Stop Loss & Profit Management
๐น STOPLOSS: -1
- No hard stop loss.
- EA relies entirely on grid recovery.
โ ๏ธ High risk in strong trends.
๐น TAKEPROFIT: 500
- Profit target in points.
- Works on basket-level logic, not individual trades.
๐น BREAKEVEN_STOP: -1
- Disabled.
๐น BREAKEVEN_STEP: 10
- Parameter exists but unused since breakeven is off.
๐น TRAILING_STOP: 50
- Trailing stop enabled.
- Locks profit after 50 points.
๐น TRAILING_STEP: 50
- Trailing updates every 50 points.
๐งฉ Identification & Trading Session
๐น MAGIC_NUMBER: -1
- EA auto-generates magic number.
- Can cause conflicts if multiple EAs run on same symbol.
๐น ORDERS_COMMENT: Grid EA Pro RSI
- Useful for tracking trades in history.
๐น START_TIME: 00:00
๐น END_TIME: 00:00
- EA trades 24 hours/day.
- No session filter applied.
๐งฉ Overall Strategy Evaluation
โ Strengths
- Conservative entry via extreme RSI levels
- Grid depth limited (Max 5 orders)
- Fixed lot size starts very small
- H1 RSI filtering improves signal quality
โ Weaknesses
- No stop loss or equity protection
- Martingale multiplier active (1.5)
- Unlimited max lot
- No time/session filter
- High exposure in trending markets
๐งฉ Conclusion
The Grid EA Pro RSI MT4 settings shown in the image represent a moderately conservative grid trading strategy combined with extreme RSI filtering on the H1 timeframe. This configuration is designed to reduce false entries and overtrading, making it suitable for range-bound or mean-reverting markets such as EURUSD or GBPUSD during low to medium volatility periods.
However, the absence of a hard stop loss, equity protection, and lot size cap introduces significant risk during strong trends or high-impact news events. While the small starting lot and limited number of grid orders help control drawdown, the martingale lot multiplier (1.5) can still lead to account stress if the market trends aggressively.
