SimpleGridBot MT4: Automated Grid Trading on MT4 with Verified Performance

This SimpleGridBot MT4 review in 2026 provides a concise performance analysis based on available trade samples, backtests, and live-running accounts. The analysis highlights how the EA executes a dual-grid approach, placing both buy and sell orders at user-defined intervals so it can capture market oscillations in both directions. The 2026 performance results show moderate win rates with the potential for occasional larger drawdowns, which is typical for grid strategies when strong persistent trends occur. What makes SimpleGridBot MT4 unique is the separation of buy and sell grids and the flexible lot multiplier that allows progressive position sizing. The algorithm monitors price movement from a reference level and places new orders at fixed pip intervals; when the market retraces, the system reduces average entry price and closes nets when targets are hit. Andreas Metzner designed the EA with multiple safety parameters, including maximum open orders, total exposure limits, and manual override options. It performs best in consolidating or moderately trending markets where frequent retracements occur. In strongly trending environments without additional trend filters, grid systems can accumulate sizable exposure, so the EA’s risk management settings should be tuned conservatively. Expect performance characteristics to include steady trade frequency of several trades per week on major forex pairs, average trade lengths measured in hours to days, and variability based on grid step and multiplier. Users should run optimized parameter sets on MT4 demo accounts before live deployment and monitor drawdown thresholds closely to preserve capital.