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Rebate Hunter is an MT4 expert advisor that opens a hedged buy and sell pair on up to six symbols, builds a volatility-adjusted grid and closes each basket by a money or percent target. It generates high trade volume, and it carries real drawdown risk.
Get one message the moment it launches, with its price.
Rebate Hunter is a MetaTrader 4 expert advisor that trades a hedged grid on several symbols at the same time. It is built around high trade activity, which is why it is often considered by traders whose brokers pay volume-based rebates, and it closes positions in baskets instead of using a fixed take profit on each order.
For each selected symbol the EA opens a buy and a sell together. That keeps the starting exposure balanced. As price moves away from the entry by more than the current grid step, the EA closes the opposite side and adds to the dominant side using its lot progression rules. When the basket reaches its target, everything on that symbol, or across all symbols, is closed and a new cycle begins.
The step between grid levels is not a single fixed number. It is calculated from market volatility, so the spacing widens when the market moves faster and tightens when it is quiet.
For later levels you can choose between multiplying the previous lot or adding a fixed amount. A multiplier raises exposure quickly, so use it cautiously. The initial lot can be set manually or scaled with the account balance.
The EA can be applied to forex majors and crosses, metals and indices, depending on your broker. Because the logic reacts to price distance rather than to candle patterns, the chart timeframe matters less than spread, volatility and execution quality. Ranging, mean-reverting conditions suit it better than persistent trends. Up to six symbols can be run from one chart.
Exact defaults vary, so open the input tab and review each value before going live.
| Input group | Purpose |
|---|---|
| Lot size | Initial lot or automatic scaling with balance |
| Grid | Step configuration and maximum level |
| Lot progression | Multiplier or fixed addition |
| Basket targets | Per-symbol profit and loss, money or percent |
| Global targets | Combined profit and loss across all symbols |
| Daily stop | Daily profit target in money or percent |
| Time | Trading hours and close-by-time |
Grid and hedging systems can look steady for long stretches and then take a large drawdown when a trend runs or volatility spikes. Wide spreads, slippage and swap costs also affect results. Keep the maximum level low and always use basket and global protection.
Trading carries risk and you can lose more than you expect. Past results do not predict future ones. Test on a demo account first and only use capital you can afford to risk.
Run it on a VPS if you want uninterrupted operation, and check your broker allows hedged positions before you begin.
| 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 | Automated expert advisor |
| Strategy style | Hedging grid with basket exits, volume oriented |
| Markets | Forex majors and crosses, metals, indices (spread dependent) |
| Symbols per chart | Up to 6 symbols from a single chart |
| Timeframes | Check the settings guidance; the grid is distance based, not bar based |
| Risk controls | Max grid level, basket SL, global protection, margin checks |
| Requirements | Hedging-capable account, stable spreads, VPS recommended |
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No. This listing is the MT4 build and installs in the MetaTrader 4 terminal only. An MT5 terminal needs the separate MT5 edition of the product.
The EA holds buy and sell positions on the same symbol at once, so the account must allow hedging. Tight, stable spreads and reliable execution matter a lot for grid systems. Confirm the account type and trading conditions with your broker before running it.
In MT4 choose File, then Open Data Folder, and place the expert file in MQL4/Experts. Restart the terminal or refresh the Navigator, drag the EA onto a chart, and enable Algo Trading. Allow automated trading in the EA properties as well.
Yes. You can select up to six symbols in the inputs and the EA handles them from a single chart. Each symbol needs to be visible in Market Watch, and more symbols mean more margin use.
Start on a demo account with a small initial lot, a low maximum grid level and basket stop loss and global protection both enabled. Defaults differ between brokers and symbols, so check each input yourself rather than relying on a single recommended set.
No. Hedging grid methods can suffer deep drawdowns in strong trends or abnormal volatility. Trading carries risk and past results do not predict future ones.
Rebate Hunter
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