SimpleGridBot automated MT5 grid bot for systematic exposure and clear results

This review provides a 2026 performance analysis of SimpleGridBot, an MT5 Expert Advisor built around a bidirectional grid concept. The initial focus of the analysis is on verified live statistics and backtest comparisons, with particular attention to average monthly returns, win rate ranges, and maximum drawdown profiles. SimpleGridBot distinguishes itself by running separate buy and sell grids so each direction can operate under distinct spacing and lot rules, which reduces cross-direction interference and simplifies risk tuning. The underlying algorithm places orders at predefined price intervals and uses either constant lot sizing or a progressive multiplier to scale positions after each filled grid level. This approach means the EA compounds gains when the market oscillates around a mean, while progressive lot sizing accelerates recovery after brief adverse moves. SimpleGridBot handles low-to-moderate volatility best; sharp directional trends or fast weekend gaps are the main stress scenarios in our samples. Risk management is primarily parameter-driven: users set maximum open trades, maximum exposure as a percentage of account equity, and an optional equity stop. Expected performance characteristics vary by settings, but typical verified account samples show consistent positive months interspersed with deeper drawdowns when grid spacing is narrow and multiplier is aggressive. Andreas Metzner, the developer, provides regular updates and parameter presets for different risk profiles within the MT5 environment.