Fish n Grid EA MT4 vs SetFiles (Unlimited)

What is Fish n Grid EA MT4?

Fish n Grid EA is an Expert Advisor fully automated multi-currency trading robot that uses a smart, flexible grid system to profit from natural market pullbacks. It’s easy to set up, trades frequently, and is designed to capture daily opportunities with consistent, structured execution.

Version: New Version
The Right Platform: Meta Trader 4 (MT4)
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➡️ Vendor website: View here

About the Author

This product is developed by Pak Hong Poon, a Hong Kong-based MQL5 author with over four years of experience. He has created several well-known EAs, including Fish n Grid MT4, Hunting Cat Scalper MT4, Hunting Cat Scalper MT5, and others. Among these, Hunting Cat Scalper MT4 is his top-performing system.

Key Features

🔹Mean Reversion: Takes advantage of the market’s natural tendency to pull back toward the mean.
🔹Dynamic Grid System: Uses a smart, calculated multi-currency grid that adapts to changing conditions.
🔹Multi-Pair Trading: Supports a portfolio of 17 recommended currency pairs for diversified performance.
🔹Easy Setup: Simple one-chart setup makes deployment fast and beginner-friendly.

Fish n Grid EA MT4 Review

The Fish n Grid EA achieved impressive profit performance when trading with 19 pairs. Trading results on real account for 178 consecutive weeks of trading:

✅ Initial Deposit: $3,000
✅ Growth Rate: +249%
✅ Total Net Profit: $7,463.33
✅ Win Rate (% of total): 69.5%
✅ Maximum Drawdown: 34.9%

The EA Settings

🧩 General Settings
Magic_Number: 404
A unique ID that keeps Fish n Grid EA’s trades separate from other EAs or manual orders, ensuring clean management and reporting.

Open_order_Comment: “FishnGrid”
Adds a clear label to each trade for easy tracking in MT4 history.

Spread Filter: 20
The EA opens trades only when the spread is below 20 points, helping avoid bad entries during news spikes, market opens, or low liquidity.

First_Order_Lot_Size: 0.01
A small starting lot size for conservative, low-risk grid trading.

Timeframe: 1H
The EA analyzes the market on the H1 chart, providing stable grid spacing and smoother market readings.

🧩 Currency Selection Module
Multicurrency_Switch: false
Although many currency pairs are available, the EA currently trades only the attached chart.
Multiple recommended pairs are already set to TRUE, giving you the flexibility to enable multi-pair trading anytime.

Supported Pairs (most enabled):
AUDCAD, AUDCHF, AUDJPY, AUDUSD
CADCHF
EURCAD, EURCHF, EURGBP, EURJPY, EURUSD
GBPCHF, GBPNZD, GBPUSD
NZDCAD, NZDCHF
USDCAD, USDCHF

This allows broad diversification when multi-pair mode is activated.

🧩 Grid & Order Expansion Settings
Max_Level: 15
The grid can widen up to 15 levels—balanced for medium risk.
More levels improve recovery ability but also increase drawdown.

Add_Order_Minute: 45
The EA waits 45 minutes between additional grid orders to avoid clustering positions in volatile markets.

🧩 Exit Settings
Stop_Loss_in_Dollar: 3000
A basket-based stop loss.
All trades close once the total floating loss reaches $3,000.
This approach is safer for grid systems than pip-based stop losses.

🧩 Time Filters & Trading Hours
Full-day trading is enabled by default:

Start Hour: 0 → Stop Hour: 24 (Sunday–Saturday)
The EA can trade 24 hours unless you manually restrict it.

NonfarmPayroll_filter: false
NFP protection is turned off.
Since grid EAs are vulnerable during high-volatility events, enabling this filter is recommended for added safety.

In the Downloads folder, there are:

The download package of the product suite includes:

1. Experts:

✅ Fish n Grid_fix.ex4

2. SetFiles:

✅ AllPairs_H1.set
✅ AllPairs_M15.set

Conclusion

In short, Fish n Grid delivers a strong multicurrency grid strategy built on mean-reversion logic, trading across up to 19 currency pairs for better diversification. Its dynamic grid system, dollar-based stop loss, and high-frequency trade flow offer steady profit potential with controlled drawdowns. With simple one-chart setup, transparent risk management, and proven long-term real-account results, it’s an excellent choice for traders seeking stable, scalable, and consistent growth.