Available soon
Loading product…
BG Grid is an MT4 expert advisor that trades against short-term trend moves and manages losing positions with a grid of orders. It can also run single orders without a grid, and it offers per-level lot ratios and a changing take profit.
Get one message the moment it launches, with its price.
BG Grid is an expert advisor for MetaTrader 4 that looks for counter-trend entries and, when price moves against a position, adds further orders in a grid and closes the basket together at a shared take profit. It can also be set up to open single orders with no grid and no lot increase.
The EA opens trades when a short-term correction against the prevailing move seems likely. Entry signals come from standard MT4 indicators, mainly RSI, and an optional pair of moving averages can be switched on to filter out entries that look weak. Because it trades against the move, price can keep running in the wrong direction, so a position may stay open for some time and the grid may grow.
The author recommends cross pairs on M30 and H1, giving AUDCAD, GBPCAD, NZDCAD and GBPCHF as examples, and suggests running several of them together. Other symbols are possible, but you would need to find suitable settings on your own through testing. Spreads, swaps and execution speed differ between brokers, so check that your account type suits this style of trading.
The parameter list is long. The table below summarises the main groups; check the input tab in your terminal for the exact names and ranges, and obtain suitable set files before trading, since the built-in defaults are not meant for live use.
| Parameter group | Purpose |
|---|---|
| Timer | Restricts entry searches to hours you define; useful in single-order mode. When off, the EA looks for entries whenever the market is open. |
| RSI | Sets the indicator values used for entry signals. |
| MA filter | Turns the two moving average filters on or off and sets their parameters. |
| Trailing stop steps | Configures how the trailing stop moves. |
| Trade parameters | Take profit, stop loss, grid step, distance to the first grid order and the step change ratio. |
| Lots | Volume per set amount of deposit; a value of zero switches to a fixed lot. |
| Average lots koeff | Lot ratio for each grid level, referenced to the first order. |
| Average TP | Individual take profit for each basket size. |
| Auto_4_digits | Set to true for five-digit quotes and false for four-digit quotes. |
| OpenPlay | Alert window when a new order opens. |
| Magic | Unique number that identifies the EA orders. |
Grid and averaging methods can accumulate several losing positions at once, and a lengthy move against the basket may lead to a large drawdown. Choose lot sizes and lot ratios with your deposit in mind, and confirm what happens to margin when the grid reaches its maximum depth.
Trading carries risk, and past results, including any backtest or signal history, do not predict future ones. Test on a demo account first and only trade with money you can afford to lose.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 4 |
| Strategy focus | Signals, Trend, Grid |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor (Experts folder) |
| Trade style | Counter-trend entries with an averaging grid, or single orders |
| Suggested markets | Cross pairs such as AUDCAD, GBPCAD, NZDCAD and GBPCHF |
| Suggested timeframes | M30 and H1 |
| Entry logic | Standard MT4 indicators with optional RSI and MA filters |
| Lot sizing | Fixed lot, or lot per set amount of deposit |
| Requirements | MT4 terminal, algo trading enabled, stable connection or VPS |
No reviews yet. Customers who own BG Grid can review it here.
No. This is an MT4 expert advisor and it will not load in MetaTrader 5. Make sure you run it in an MT4 terminal.
The default values are not intended for live or test trading. The settings are extensive, so you should load a suitable set file for each symbol and timeframe, or build your own settings, and test them on a demo account before using real money. Check with the seller or the product page for current set files.
The author points to cross pairs on M30 and H1, with AUDCAD, GBPCAD, NZDCAD and GBPCHF given as examples. You can try other symbols, but you would need to test and adjust the settings yourself.
Yes. The EA can place single orders without a grid and without lot increase. The timer option is commonly used with this approach so entries are only searched for during hours you choose.
Extract the download, copy the expert file into the MQL4\Experts folder through File, Open Data Folder in MT4, then restart the terminal or refresh the Navigator. Attach the EA to a chart and enable algo trading.
Not strictly, but a grid EA needs the terminal to be running whenever the market is open. A VPS or an always-on computer with a stable connection is a practical choice.
BG Grid
Notify me at launchQuestions about this tool?
Ask us on Telegram Install guide for MT4 and MT5 Get a custom version builtFree, practical help with testing, sizing and running expert advisors.
More MT4 tools with a similar focus.
Own BG Grid? Sign in to review it.