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Patriot EA is a grid expert advisor for MetaTrader 4 that splits losing baskets into smaller groups, can place pending orders and closes a series at a set share of the balance. It is built around AUDCAD on M15 and M30.
Get one message the moment it launches, with its price.
Patriot EA is a grid-style expert advisor for MetaTrader 4. It opens a series of orders, spaces them using either a fixed or a volatility-based distance, and tries to close the whole series when it reaches a profit target. It also has a method for working out of a losing series by splitting it into smaller groups.
When the EA starts a series, it adds further orders at a set step as price moves against the position. The step can grow with each level through an exponent setting, and lot size can rise in a controlled way as the series deepens. Because several series can be open independently, the EA may manage more than one basket at the same time.
Instead of using only a fixed step, the Smart Distance option measures how the instrument has been moving and sets the grid spacing from that reading. A smoothing period setting controls how that measurement is filtered.
When a series becomes long, the EA can pair the most distant losing order with some of the newer orders and close them together once the combined result reaches a small target. This reduces the number of open positions, although it does not remove the loss that has already built up.
From a chosen step onward, the EA can place Buy Stop and Sell Stop orders rather than market orders. Pending orders that were not triggered can be cancelled or moved closer to the current price.
There is no conventional stop loss. A series is closed when its accumulated profit reaches a percentage of the balance, so you should understand how deep a series can go before you trade it live.
The tool is intended for AUDCAD on the M15 and M30 timeframes. A hedging account is needed, and a broker with low spreads and fast execution is preferable. The EA is built to run without interruption, so a VPS is the usual choice.
The parameters are grouped by function. Exact values are not listed here, so ask the author for recommended configurations and check whether set files come with your download.
| Group | Parameters | Purpose |
|---|---|---|
| Grid | MaxTrades, PipStep, PipStepExponent, StaticTakeProfit, SmartDistance | Series length, spacing and take profit |
| Pending orders | CloseStopOrders, StepsAsStopOrdFrom, StopOrdDistance | Use of stop orders in the grid |
| Overlap closing | UseOverlappFrom, OverlappTP, UseMaxDistFrom, MaxDistance, MaxDistanceTP | Closing distant losing orders |
| Lot size | StartLot, LotIncrementStart, LotIncrement, MaxLot | Fixed lot progression |
| Auto lot | UseAutoLot, AutoLot, AutoLotIncrement, AutoMaxLot | Lot size as a percentage of the deposit |
| Exit | CloseSeriesProfit | Close a series at a share of the balance |
The EA draws several panels. One shows account status and open positions, another summarises open orders with volume and profit, and a third shows the accumulated basket profit against its target. Open positions can also be marked on the chart.
Grid systems add to positions that are moving against them, so a strong one-way move can produce a large floating loss and heavy margin use. Trading carries risk, and past results do not predict future ones. Test on a demo account first and only trade money you can afford to lose.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 4 (expert advisor) |
| Strategy focus | Grid, Volume |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor, grid and volume scaling |
| Main symbol | AUDCAD |
| Timeframes | M15 and M30 |
| Account type | Hedging account |
| Trade style | Grid with pending-order option and overlap closing |
| Exit method | Series take profit, overlap closing, percentage-of-balance close |
| Requirements | Continuous operation, ideally on a VPS, with a low-spread ECN broker |
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No. This listing is for MetaTrader 4 only. An MT4 expert advisor cannot be loaded into MetaTrader 5, so check that your broker offers MT4 before buying.
The tool is designed around AUDCAD, with M15 and M30 as the intended timeframes. If you want to run other pairs, test them thoroughly on a demo account first, because the grid spacing and take profit values may need to change.
Yes, a hedging account is recommended because the EA keeps several independent series open at once. Confirm the account type with your broker before you fund it.
Copy the expert file into the MQL4/Experts folder through File, Open Data Folder in MetaTrader 4, restart the terminal or refresh the Navigator, then drag the EA onto an AUDCAD chart. Make sure automated trading is switched on.
The right amount depends on your lot settings and how deep the grid is allowed to go. Check the minimum and suggested balances with the author, and test your configuration on a demo account to see how much margin a full series uses.
It is meant to run continuously, since it manages open series and pending orders. A stable VPS is the practical way to avoid interruptions from power or internet loss.
Patriot EA
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