The Grid Explorer is a grid-based hedging expert advisor designed for forex trading. It operates on a grid trading strategy, opening buy and sell positions at predefined intervals (grid size) to capture market fluctuations. Unlike traditional grid systems that aggressively increase lot sizes (martingale), this Grid Trading EA provides risk-controlled settings where traders can limit exposure through predefined entry sizes and position caps. The Free Grid EA is best suited for ranging markets. It does not rely on stop losses but instead manages risk through a hedging approach. Grid Explorer allows customization of grid size, lot sizes, and risk parameters while incorporating news filters to avoid high-volatility events.
This Free Grid Trading Strategy includes several configurable input parameters that determine its trading behavior:
- Grid Size: Default 50 pips – defines the distance between each order in the grid.
- Initial Entry Lots: Default 0.01 – the starting lot size for trades.
- Max Entry Lots: Default 0.01 – maximum lot size per position.
- Martingale Coefficient: Default 1.00 – controls lot size scaling in case of losses (1.00 means no martingale effect).
- Max Open Positions: Limits the number of open trades per direction.
- Max Open Lots: Limits the total lot exposure per direction.
- Take Profit Option: The take-profit level in the Free Grid Explorer EA is dynamically calculated based on grid levels rather than a fixed pip value.
Have a look at our Free Expert Advisors Startup Guide before installing the robot.
Disclaimer: This Grid EA is for educational purposes and is free to download. Get Grid Explorer and test it on a Demo account. As grid trading strategies involve high exposure, users must carefully configure lot sizes and position limits to avoid excessive drawdowns.
