Fish n Grid EA V1.0 MT4 is a powerful automated forex trading system designed to combine grid trading logic with adaptive market pattern recognition. Traders who want a balanced mix of controlled grid entries, trend filtration, and low-drawdown money management often prefer this EA because it works with high accuracy on major currency pairs. Unlike aggressive martingale robots, Fish n Grid EA V1.0 MT4 focuses more on intelligent position scaling and uses a hybrid recovery system to protect the trading account from sudden volatility spikes.
In this detailed review, we will break down how Fish n Grid EA V1.0 MT4 works, what makes it unique, recommended settings, best pairs, risk parameters, pros and cons, and whether it is suitable for small or large trading accounts.
What is Fish n Grid EA V1.0 MT4?
Fish n Grid EA V1.0 MT4 is an algorithmic Expert Advisor built for MetaTrader 4 that uses a dynamic grid system based on price waves, market ranges, and micro-trend correction points. The EA detects short-term price fluctuations (known as “fish waves”) and opens multiple positions within a calculated grid spacing.
However, what differentiates Fish n Grid EA V1.0 MT4 from basic grid EAs is its advanced volatility filter. It avoids opening trades during irregular spikes and only activates the grid when price is stable or trending slowly. This reduces the chances of deep drawdown and protects capital during unpredictable market sessions.
The EA is suitable for:
• Intraday scalpers
• Swing traders
• Sideways market traders
• Traders who prefer semi-automated recovery systems
• Those who want a low-stress trading approach
How Fish n Grid EA V1.0 MT4 Works
Here is a simplified explanation of how the strategy functions:
1. Grid-Based Entry Placement
The EA places buy/sell orders at predefined pip intervals. These intervals adjust automatically depending on market volatility.
2. Wave Detection Logic
The algorithm tracks micro-movements in price and identifies “fish patterns” where a small reversal is highly probable. These areas provide high-probability entries.
3. Trend Direction Filter
Fish n Grid EA V1.0 MT4 uses moving averages and a volatility index to avoid placing trades against strong trends.
4. Partial Close & Break-Even System
When the overall basket goes into profit, the EA automatically locks break-even levels and books partial profits.
5. Recovery Mode
In case the market moves opposite the initial signals, the EA uses controlled lot multipliers (not high-risk martingale) to bring the basket back to profit.
Best Currency Pairs for Fish n Grid EA V1.0 MT4
The EA performs best on pairs with predictable volatility such as:
• EURUSD
• GBPUSD
• USDJPY
• AUDUSD
• USDCAD
Pairs like XAUUSD or GBPJPY can be used, but only with higher grid spacing and conservative multiplier settings.
Recommended Settings for Stability
Below are the most commonly used and tested settings by traders:
1. Timeframe
• M15 or H1 recommended
• M5 possible for aggressive risk
2. Minimum Deposit
• $200 for micro-lot trading
• $500+ recommended for stable long-term grid operation
3. Lot Size
• 0.01 per $200 capital
• Avoid starting with 0.05 unless account size is above $1,000
4. Grid Spacing
• 15–40 pips depending on pair volatility
5. Multiplier
• 1.2 – 1.5 (safe)
• Avoid above 2.0 to minimize drawdown
6. ECN Broker Recommended
• Low spread
• Fast execution
• Swap-friendly conditions
Advantages of Fish n Grid EA V1.0 MT4
• Works great in sideways and ranging markets
• Controlled grid system with low drawdown
• Easy to set up and beginner-friendly
• Not dependent on heavy indicators
• Runs smoothly on low-spec VPS
• No need for constant monitoring
• Flexible risk & scaling settings
• Stable long-term performance
Disadvantages
• Not ideal during high-impact news
• Grid systems require enough capital buffer
• Can accumulate floating trades during strong trends
• Needs disciplined risk settings
Performance Expectations
Fish n Grid EA V1.0 MT4 is designed for consistency rather than extremely high returns. Traders often aim for:
• 5% – 20% monthly growth
• Low drawdown between 5% – 15%
• Slow but stable compounding
If configured with a conservative multiplier, the EA can run for months with very low risk.
Fish n Grid EA V1.0 MT4 Trading Strategy Breakdown
1. Scalping During Micro-Reversals
Uses fish-wave reversals of 5–10 pips.
2. Grid Recovery Zones
Opens layered trades for averaging entry price.
3. Trend-Avoidance Logic
Skips trading during high volatility or strong breakouts.
4. Dynamic Take-Profit Targeting
Basket closes at profit equity levels rather than fixed TP.
This structure helps traders generate consistent profit even in unpredictable markets.
Is Fish n Grid EA V1.0 MT4 Safe for Small Accounts?
• 0.01 lot
• Higher grid spacing
• Multiplier under 1.3
• Avoiding news sessions
Installation Guide
- Open MT4 → File → Open Data Folder
- Go to MQL4 → Experts
- Paste the EA file
- Restart MT4
- Drag Fish n Grid EA V1.0 MT4 onto the chart
- Enable AutoTrading
- Adjust settings and risk parameters
Who Should Use Fish n Grid EA V1.0 MT4?
This EA is suitable for:
• Traders who prefer low-risk grid recovery
• Those who want long-term stable equity growth
• Complete beginners in automated trading
• Traders who want a “set-and-forget” system
It may not be ideal for traders seeking high-risk, fast-profit EAs.
Final Verdict
Fish n Grid EA V1.0 MT4 is a reliable grid-based Expert Advisor designed for stable long-term Forex trading. Its combination of micro-pattern detection, volatility filtration, and controlled scaling makes it a safe option for traders who want a balanced automated system. With proper risk settings and a suitable broker, the EA can deliver consistent monthly returns while keeping drawdown at manageable levels.
