Automated Grid Trading Bots in Forex

27 min read

Grid Trading Bot is a commonly utilized tool that allows traders to place buy and sell orders automatically 24 hours a day, seven days a week. As soon as sell orders are completely executed, the robot instantly starts placing other buy orders at a lower grid level, and the other way round. Grid Trading is a trading strategy that, unlike most others, achieves its peak performance in a constantly-ranging market that has no clear direction whatsoever.

The strategy is profiting from the extreme volatility of assets and of market price fluctuation. While other strategies fear the absence of trends, the Grid trading strategy essentially benefits from no clear up or downtrend over the extended period of time. The higher the frequency and significance of the price fluctuations, the more successful the Grid trading strategy become.

So, what differentiates Grid trading bots from generally automated trading bots? It is a semi-automated system in which you must manually set up a grid (a manual grid trading strategy). Afterward, it is quite similar to an automated strategy that uses buy and sell stop orders, removing the stress of trading strategies that require the trader to open and close positions manually.

Many people are afraid of grid trading bots for several reasons. But, mainly because quite a few investors who used grid trading without proper risk management systems were taught expensive lessons. Then they assumed that it was the automated trading’s biggest flaws and went on learning Fibonacci levels to trade themselves.

The truth is that not every automated Forex Grid trading bot will work for you. You would need an enhanced platform and sophisticated automated trading systems with numerous strategies, indicators, and signals to automate your trades in the most efficient way. Below we will explain what are some of the most popular and advanced Grid bots for Forex trading.

5 Best Forex Grid Trading Bot Options

The very purpose of grid trading bots is to capture and profit as much as possible from price action by developing automatic trading strategies which are then managing the buy and sell orders in accordance with a predetermined plan. Grid-trading strategies are able to cash in various profit-making trades within a single day automatically, regardless of whether the price is constantly fluctuating between predictable limits or heading in a clear upwards or downwards trend.

The very best Grid bots in the Forex industry include many different settings that could be utilized for compensating for accumulated negative trades depending on traders’ preferences. Thus these best options offer transparent and overly precise risk control mechanisms.

Athena EA

ATHENA EA


#H1
#H4
#Time frames
Award Winning Momentum TradingPromo
Yearly Target:
220%
Risk/Reward:
0.36
Platforms:
MT4
Start for Free
Historical Drawdown:
30%
Min. Deposit:
50$
Asset Types:
Forex
Presented by
Chris Svorcik
Verified on:

 

Athena EA is a very powerful grid trading bot that has been operating for two years. During that time the algorithm has yet to see a negative return. It is both beginner-friendly and can be used by experienced traders as well as passive investors and institutional clients looking to diversify. 

Athena EAs team offers a simple onboarding, clear broker, and VPS requirement and generally takes you every step of the way before the automated solution is successfully opening orders.  

Trading Bots are fully automated and sometimes that can come with its problems. Athena EA has mastered the algorithm in a way so it could avoid any major news events by pausing/adjusting the EA. Besides that, there’s no need for manual entry or exit, which gives the traders the ability to lay back and enjoy the process. Investors can also choose the risk levels for their account, which the creators will help to set up.

Athena EA stands out from its competitors with high returns, which are generally associated with higher risk as well but, thanks to adjustments and risk management principles, the creators have always managed to close every single month with profit.

You can get Athena EA through two options, yearly rental/lifetime, and managed accounts. The rental version is billed annually at the cost of €799. This includes 12-month access to the Athena EA with no profit shares, special support, and onboarding guide, and an option to add a VPS that can be managed by ECS.

The Lifetime version is a one-time payment of €999 with the same features as the rental version. With 0 upfront fees, Elite CurrenSea has a managed account version of Athena EA that only requires you to have a supported broker account. The profit shares vary from 25 to 35% depending on the Net Capital and there’s no VPS required.

Account type Payment Duration Profit share
Rental €799 12 months X
Lifetime €999 lifetime X
Managed €0 ongoing 25-35%

Zeus EA – the best Grid trading bot for Forex

ZEUS EA


#Grid
#Gold
#EA
Grid Trading GOLDSponsored
Yearly Target:
84%
Risk/Reward:
0.53
Platforms:
MT4
Learn More
Historical Drawdown:
30%
Min. Deposit:
$500
Asset Types:
Gold
Presented by
Chris Svorcik
Verified on:

 

Zeus EA is one of the strongest Forex trading automated systems. It was designed to generate a monthly passive Forex income for the clients without their involvement. Zeus EA focuses on one of the most optimal, volatile, and liquid f0rex pairs, such as Gold. The system has accomplished four years of backtesting and is currently tested with a 99% model accuracy. The best capital size for Zeus EA automated trading is around $2,500, which was used for backtesting to maximize the algorithm’s performance. However, traders can start with lower amounts, of course.

Chris Svorcik developed this Grid Trading Bot Forex, who is known as an award-winning and best-selling author of numerous Forex trading and automated trading books. He founded Elite CurrenSea (ECS) back in 2014 and he has experience as a professional trader of almost a decade. As an expert analyst and mastermind, Chris Svorcik dedicated much of his resources and time to developing the most efficient grid trading systems. He designed his own proprietary trading method ECS.SWAT which is further explained in his SWAT Guides book series.

 

Manual Grid trading strategy designed by the founders of Zeus EA helped its developers a lot in establishing the profitable, low-risk, and simple Forex trading bots on MetaTrader 4 platform. Martingale, averaging, and position locking are not used because the bot focuses on stability.

Within the limits of the advisable time frame (m15), the bot is making relatively fewer transactions annually than Athena EA. In addition, it is important to mention that the bot does not require too large of a deposit. On the Classic account, a minimum deposit of $1,500 must be made to begin trading. You can join with as low as $500 and $0 upfront fees via our managed (PAMM) account.

This Forex grid trading robot is available for every trader out there. However, the setup procedure of Zeus EA significantly differs from simply copy-pasting the .ex4 files into the “experts” folder. The platform requires that users set up separate .ex4 files for each individual currency pair.

These files then have to be copied to the “libraries” folder. Back to the testing of the platform, between 2011 and 2013 the bot had a significant rise in profitable trades with a 200% rate.

During this time, only 137 transactions were completed, but the initial deposit of $2,000 generated $5,556.51. There was no more than a 25 percent drawdown in this case; however, only a little more than 50 percent of the trades were profitable.

 

Grid EA – PRO for advanced traders

Trade with any pair more clearly and easily with Grid EA Pro, a fully automated grid bot for MT4. Novices to Forex trading looking to grow their trading accounts in a short period of time, as well as expert traders who seek trading multiple pairs with larger accounts, will benefit from this tool. Since this EA accepts multiple trading strategies, a risk-diversification strategy could be used to increase profits faster and more safely.

A live account with PaxForex was used for the test. A month after they left this final EA release to work on its own, it was making more than 100 percent per month. No martingale strategy is used in this grid EA! The performance of your EA can be seen in your live account statement. This Forex grid robot software has been running successfully for 4 months, earning +21000$.

This product is perfect for both new traders and professionals who use larger lot sizes to maximize profits. Advanced Grid EA systems have been simplified in the latest version to make it easier for newcomers to use. The settings and usage have also been simplified. Market trends, news, and other complexities that confuse new traders are not a priority for Grid EA. As a result, this Grid EA can start trading at any time and with any pair you choose. All it requires is the movement of the price and a little bit of time. Sit back and relax while the software does its job.

A new interface allows you to easily control Grid EA Pro’s innovative code, which draws you to a specific channel and places pending orders there. As part of the source code, the EA includes a complex and fully automated Hedging system, which makes it very safe in all market conditions. There is also a memory file system in Grid EA, which is unique. Because of this, EA creates special log files from which it can restore itself in the event of a platform crash or loss of connection. To make EA trade however you want, the bot allows you to customize all of its settings.

Grid EA Pro offers the best Forex robots, however, the market will not be able to hold stable always. Hence, if a certain trade makes a loss the other trade will balance it up with the profit. That is why it is better to have access to a great variety of tools for every type of market movement since various currency pairs will perform differently. You can choose your account type according to the desired technical levels and your trading capital. Here are the main trading accounts of Grid EA Pro:

  • Basic: 199 USD for a lifetime; Renko Scalper EA 3 Accounts, Grid EA 3 Accounts + Forex Signals EA for free
  • Advanced: 299 USD lifetime; Renko Scalper EA 3 Accounts; Grid EA 3 Accounts Lifetime, Smart Auto BreakOut EA 3 Accounts Lifetime, Renko Charts Indicator – Basic, Forex Signals EA for free
  • Premium: 599 USD lifetime, Renko Scalper EA 3 Accounts, Grid EA 3 Accounts, Smart Auto BreakOut EA 3 Accounts, Scalping Strategy System Unlimited Accounts, Stochastic EA, Hedge EA Channel trading system, Macd Trading EA, Moving Average Trading, Candlesticks Trading, S&A Trading, Dynamic Trading EA, RSI Trading System EA, Universal Trading System, Market Track EA, Moving Averages PRO 3 accounts, Renko Charts Indicator – PRO
  • Professional: 350 USD lifetime, Renko Scalper EA 3, Grid EA 3 Accounts. Smart Auto BreakOut EA 3 Accounts Lifetime, Moving Averages PRO 3 Accounts, Renko Charts Indicator – Advanced, Forex Signals EA for free

Grid Master Pro – Forex Expert Advisor

Developed specifically for the GBPUSD currency pair, Grid Master PRO is an extremely effective and profitable trading strategy. A well-executed strategy can be adapted to almost any trading instrument. Grid Master Pro is an upgraded version of the standard free EA BF Grid Master EA, which has been very popular in the past. It is recommended that you start with a minimum of $1000 and an optimal capital recommendation of $3000. M15 is the recommended time frame.

Several new features and systems were added to this PRO version in order to enhance its overall performance. To increase the total profit, recently the team of its developers added three additional trading strategies to Grid Master PRO. Grid Master PRO now includes an advanced time management system, a notification system, a Friday exit system, an advanced news filter, as well as additional parameters that make it more flexible than it was before.

Market entry and additional grid-based recovery trades are detected by Grid Master PRO. It is the only grid EA on the market that offers a second safety line in the form of additional trades. A “high frequency” scalping trade can be made with this feature, as long as the market price is not breaking out of its narrow range. After a very strong market reversal pattern has been detected, the system initiates another line of compensating trades drawdown.

Trading grid based strategies are probably safest when you determine the most likely trading direction and only allow trading in that direction. The Money Management System is included with Grid Master PRO. Assign a risk percentage, and the robot will calculate the lots based on the risk and your account’s free margin.

Advanced News Filter is also included in Grid Master PRO. With the help of this filter, you can avoid trading during the most important news events and news stories. The news filter can increase the system’s profit factor and reduce its drawdown by increasing the system’s profit factor. As a result, it is disabled by default, but you can change it to suit your needs.

In addition, using the Time Management System you can program the robot to only trade during certain hours. You can also set the robot to trade or not trade on certain days of the week. A very powerful option, it allows you to avoid the riskiest periods and trade during the most profitable ones. Trades on Friday can be risky because they may be left open over the weekend and closed on Monday with a large loss. As part of its Friday Exit system, Grid Master PRO can be configured to close all open positions on Friday at a specified time and cease trading after that time.

It will keep you informed of all actions performed on your account by Grid Master PRO. The setup for receiving these notifications is simple. Email and push notifications are available for Grid Master PRO, which can notify you of its trades via email or push notifications on your mobile phone. It is not possible to enable these options by default. Grid Master PRO Email and Push Notifications can be enabled by reading the following Grid Master PRO Settings. The main features of the Grid Master PRO can be summarized in the following way:

  • Minimum deposit requirement – $1000
  • The recommended initial investment is $3,000.
  • AutoMM values greater than 0.1 are not recommended for accounts of significant importance.
  • The GBPUSD currency pair is the only one with default settings.
  • The time frame that is recommended – M15

Pinpoint EA

Pinpoint Expert Advisor bases its system on 12 months of high-quality backtesting data, with a competitive win rate of 94%. Pinpoint EA was launched on the 29th of October 2020. Profits are generated on a weekly basis using a fully automated trading system. It was developed by Ryan Brown, an American trader with 15 years of experience in the financial markets, and is available through Responsibleforextrading.com. He has created 880 long-term Forex trading algorithms. Unlike some of the others, the Forex EA generates profits consistently, is stable software, and doesn’t deplete your account.

In order to achieve better long-term results, this Forex EA trades two of the most popular Forex currency pairs – GBP/USD and EUR/USD pairs, and it follows larger trades. Pinpoint Market scalping points are identified using the Relative Moving Index (RMI) indicator. In order to create balanced trading schemes, it uses other indicators in addition to this one. A license for Pinpoint EA costs $397, and the vendor also offers rental options. A month of EA rental costs $30, while three months of EA rental costs $90. Compared to other Forex EAs, this one is not too expensive.

An ECN broker and leverage of 30:1 are recommended for this Forex robot. Traders can also access backtesting data and live trading results via the vendor’s free Discord channel. The results are available at Pinpoint EA’s official website, and Myfxbook has independently verified its backtesting results, as well. Data from 9th May 2003 to 16th September 2020 shows that the system has made steady gains. This investment has daily and monthly gains of 0.03% and 0.91% respectively. The return overtime is 572.8 percent.

93 percent of long trades and 94 percent of short trades were won by the Forex EA during this time period. Profitability is 94 percent out of 2996 trades in total. When compared to other Forex robots, it has a profit factor of 1.73. And it’s won 11.21 pip/$5.36, which is a respectable amount of money. The main features of the Pinpoint Expert Advisor are as follows:

  • works automatically on MetaTrader 4.
  • 17 years of trading data used for testing
  • The win rate is over 94%
  • The EA has never lost two trades on the backtests.
  • The robot trades with a medium frequency
  • Recommended time frame is M15

Grid King EA

The Grid King is a MetaTrader 4 expert advisor that uses a grid system to trade. Trading on grids has never been easier thanks to Grid King. When developing the EA, safety was the primary concern, as the margin-call risk was eliminated. By spreading risk across multiple pairs and strategies that have a limited impact on the account equity, it also aims to achieve much higher returns than a grid system on average.

Grid King, on the other hand, will only take a small loss and recover quickly when things go south. The expert advisor was optimized by its developers for around 19 currency pairs. For 19 years, the EA has been stress-tested without any high drawdowns.

In order to gain access to the Grid King expert advisor, you must pay $500 at this time. If you don’t want to spend that much money all at once, you can rent it. You can rent it monthly for $250, for three months for $350, or for six months for $450. You can try it out on an extensive demo account. There is also a free trial version. An inexpensive version of this expert advisor is available as well as a more limited version.

List of the available currency pairs optimized for Grid King EA users include EUR/ USD, GBP/ USD, USD/ CAD, USD/ CHF, US/ DJPY, EUR/ JPY, NZD/ USD, EUR/ AUD, EUR/ CAD, EUR/ GBP, AUD/ NZD, EUR/ CHF, AUD/ CAD, AUD/ JPY, etc. Grid King EA uses a unique Spread Equalizer Algorithm (SEA), which is brilliant for improving the stability for larger spreads and slippages. The main features of the trading bot include:

  • Initial minimum deposit requirement starting at 500 USD for Cent account
  • Stable growth curve using smart averaging techniques
  • Easy to optimize for every market
  • Using stress-tests on historical data of 18 years applied to 19 currency pairs
  • Completely automated

Honorable Mentions

Now that we’ve listed the top choices, let’s go through some that didn’t quite make the cut, but are more than qualified to be in a list of their own.

FX BlasterPRO

New Forex robot FX BlasterPRO aims to be profitable in all market conditions. As a first step, they offer several Myfxbook accounts that were created in late March. It employs three separate learning strategies to ensure that the software is always improving. These indicators are used in conjunction with methodologies such as trend, grid, hedge, and semi-martingale. Trading these strategies requires traders to select one of four risk profiles.

There are many benefits to using reinsurance positions (grid strategy) with FX BlasterPRO. The platform is compatible with all brokers and types of accounts (among them US-based brokers). Among the currency pairs that FX BlasterPRO allows to trade are the GBP-USD, JPY-USD, CAD-USD, CHF-USD, and EUR-USD. MetaQuotes Language was used to write the trading algorithm of the EA. A quick summary of the FX BlasterPRO features are provided below:

  • Using, understanding, and setting up this product is a breeze!
  • Automated to the fullest extent possible
  • Customizable to your exact specifications
  • It is possible to work with any broker (including US-based brokers)

Spider Grid Forex EA

Trade-in all time frames, all currency pairs, and other financial assets with Spider Grid EA. In 2016, a developer named Mikhail Paramuzov created the EA. Martingale is used in the Spider Grid EA. However, the platform still allows decreasing or increasing the multiplier to reduce risk. In addition, you can automate the change of direction by expanding or contracting the distance between the two points. Because the market is always unpredictable, open orders are often left open for several hours, days, or even weeks before they are closed. Due to this lack of expectation, all signals and transactions have been processed both ways by the EA in these situations.

The trader must first select the financial asset and duration. This EA comes equipped with a four-tier signal confirmation system. Thanks to the system users can filter false market entry signals and get a real insight into the market without a high probability of mistakes. According to the EA, a four-tiered signal confirmation system allows it to filter false market-entry signals. Three other technical indicators are also used in the trading of stocks and futures contracts. Market entry signals trigger the EA to open a market execution order and close it at the same time. You can purchase this type of EA on the MQL market for $30 USD. Before purchasing, you can try out the software for free.

Robot Spider GS 2020

Robot Spider GS is the most stable and profitable version which was developed by Trader21. Trader21 was already well-known for its successful trading advisor projects. The robot, which was released in 2020, is designed for professional Forex trading. More than 20 currency pairs can be traded in fully automatic mode (BEST GBPUSD). The strategy Advisor algorithm uses a grid-based order structure with a unique logic, which is one of the best developments in grid-based algorithms at the moment.

An EA that is both profitable and safe requires 1000$ on a standard account (or 10,000 cents $100 on a micro account), an adequate broker, and a dependable VPS. The specifications and the features of Robot Spider GS 2020 can be viewed below:

  • Platform choice: MT4
  • Adapts to quotes and invoices: four signs and five signs.
  • Available Forex pairs: USDJPY, EURAUD, and GBP/USD + 20 more
  • Available timeframes: D1, H4, M15
  • Minimum deposit – 1000 USD for Standard account / 10,000 USD for Micro account
  • Leverage: higher than 1:500
  • Capital: at least 1000 currency units per 0.01 lot
  • Maximum of 300% monthly return
  • VPS required for deposits over 500 USD

Grid Stability Plus Semi-Automatic EA

Oleg Papkov created Grid Stability Plus Semi-Automatic EA in March 2020. Trading tools by Oleg Papkov are abundant on the MQL market. Grid Stability Semi-Automatic EA uses the RSI indicator to determine the grid’s stability as well as the semi-automatic expert advisor’s performance. The system will change the direction of the operation as soon as the indicator hits the value of 30 or 70. First, the sales address is selected if it exceeds 70, and if it drops below 30, the purchasing address is chosen.

Profit-taking is used to close profitable operations. The expert advisor averages out the unprofitable trades create a network of transactions in the same direction, calculates the equilibrium level, and closes the network when the price reaches the equilibrium level. The bot is built upon the Greed Master technology but is much more sophisticated and precise. If the Report parameter is disabled, the tool can be easily optimized in the tester (false).

Which MT4 Grid trading bot to trust?

Usually, it is a very tough decision to make when choosing the best trading bots for Forex trading. There are thousands of options available on the internet with decent figures and reviews, but not all of them can be trusted. Furthermore, as a trader, you do not have time to test each and every one of them, not to mention the financial resources required. However, you can identify several top picks and test them out on demo versions. There are several ways you can identify the best grid bots Forex, such as reading individual reviews written by professionals and users or checking the number of downloads on demo versions and the number of activations.

We strongly recommend the Zeus EA grid trading robot as the top option currently available on the market. It operates on a unique SWAT trading method that cannot be found on any other platform and requires the lowest starting capital of 150 US dollars. Other top options include Grid EA, Grid Master Pro, Pinpoint EA, and Grid King EA.

FAQs on Automated Grid Trading Bots Forex

Are Forex trading bots profitable?

Most Forex trading robots are not profitable, hence, it is crucial to find the best ones that stand out with high success rates on the market. If you choose a bot that is back-tested on decades of real data, that offers access to a variety of currencies, works on MetaTrader 4 platform, and has a high return on investment then your trades will most likely be successful. The best way to test out the quality of the robot is to trade on a demo version of it. The demo version will be a real-time simulation of how the robot will perform. Hence, you can observe the performance of automated trades without investing any real money at first. If you are satisfied with the results of the bot then you can purchase it.

Are Forex bots legal?

Forex trading bots are absolutely legal given that your country of residence does not prohibit Forex trading. The trading bots will simply automate your trades according to the specific strategy and trading goals that you set. It does not differ from manual Forex trading that much, especially in terms of legality and regulations. However, some regions might have certain restrictions that might interfere with automated Forex trading.

For instance, in Europe, according to the ESMA (European Securities Markets Authority) regulations prohibit leverage offerings that exceed 30:1. Hence, those Forex trading EAs that require leverage higher than that would not suit European clients. It is always best to look for EAs according to your country-specific requirement. For example, in India, it is not allowed to trade Forex currency pairs that do not involve the Indian rupees. Since most Grid trading MT4 systems offer major currency pairs that do not involve INR trading with automated Forex bots might be considered illegal.

Does automated Forex trading work?

Automated Forex trading does work and it is one of the most common methods of Forex trading. It offers automatization of manual trading in an efficient way. Instead of sitting in front of the screen, analyzing the bulk of market data, and conducting manual market analysis, the bots offer to perform the same processes in seconds or even milliseconds. Therefore, traders can simply sit back and observe their trades without having to manually interfere all the time. However, it does not mean that the user does not have control over the bot. In reality, the user has to set up custom settings for the bots that the system will follow. It includes strategy choice (long positions, short positions, mix, etc), take profit (when do you want a bot to close the position), frequency of the trades, etc.

What is the best Forex trading bot?

Zeus EA is currently one of the best Forex MT4 Grid trading EA bots available on the market. Zeus EA began operating with a single most liquid and volatile currency pair of EUR/USD but now offers more Forex assets. The system is based on the operational data of more than four years of backtesting and offers 99% model accuracy at this stage. The most optimal trading capital size on the Zeus EA platform is estimated to be 2,500 euros which are far less than the market average for similar bots.

This amount was initially used for backtesting and is considered the best range to maximize the algorithm’s performance. But the minimum deposit requirements are much lower than 2,500 euros. The recommended time frame is M15 and the minimum deposit starts at 150 US dollars for Cent accounts. The Classic account requires a 1,500 US dollar deposit.

Which Forex robot is the most profitable?

The most profitable Forex robot is Zeus EA which had a 200% profitability rate during the backtesting stage and continues to be profitable in its active mode, as well. However, the optimal trading capital used for these results was 2,500 US dollars. On the other hand, the minimum deposit requirement starts at 150 USD on the Zeus EA Cent account.

Another profitable option is Grid EA – Pro for advanced traders which recorded more than 100% profitability rate during the backtesting stage. It remains one of the most efficient models of trading with numerous trading account options available. The prices range between 199 USD to 599 USD lifetime subscription packs. The Basic account type is available for $199, Advanced for $299, Premium for $599, and professional for $350.

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