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Advanced Grid System for MT4 | 7.06/10 Rating | Hedging Account Required
Burning Grid, developed by Magma Software, is an advanced grid trading Expert Advisor designed for the MetaTrader 4 platform. This EA requires a hedging account (not compatible with netting accounts) and features a comprehensive grid trading strategy with multiple risk levels (low, medium, high). The EA includes live trading signals, extensive customization options, detailed manual, latest setfiles, and active developer support. Designed for multiple currency pairs with sophisticated risk management and grid system optimization.
Burning Grid uses an advanced grid trading system that places multiple orders at different price levels to capture market movements. The EA features multiple risk level configurations, live trading signals for monitoring performance, and requires a hedging account type to function properly. It includes comprehensive documentation, regularly updated setfiles, and is designed for traders who understand grid trading strategies and have access to hedging-capable broker accounts.
Based on our comprehensive analysis of Burning Grid, here's what our AI system found and what it means for you:
What this means: The EA shows moderate accuracy in trade execution. At 73%, it's below the 80% threshold we consider good, indicating that while the grid trading strategy can be effective, it may have periods of lower accuracy. Grid trading systems typically have moderate accuracy as they rely on market range-bound conditions. This accuracy level suggests the EA works best in trending or ranging markets where grid strategies are most effective.
What this means: With a profitability score of 6/10, this EA shows moderate profit potential. This score indicates that while the grid trading strategy can generate profits, it requires careful risk management and proper account type (hedging account). Grid trading can be profitable but also carries higher risk, especially in volatile markets. The moderate profitability score suggests this EA may work well for experienced traders who understand grid trading risks and have appropriate account setups.
What this means: Good speed rating indicates efficient execution for grid trading. The EA processes market data quickly to place grid orders at different price levels. This speed is important for grid systems as they need to respond quickly to price movements to maintain proper grid spacing and order management.
What this means: Moderate reliability score suggests the EA is reasonably stable but may have limitations. Grid trading systems are generally reliable in range-bound markets but can face challenges during strong trends. The requirement for a hedging account (not netting) is an important consideration that affects compatibility and reliability. The moderate score suggests the EA works well when market conditions and account setup are appropriate.
Our AI analysis provides a moderate recommendation for Burning Grid for experienced grid trading users. With moderate accuracy (73%), profitability (6/10), and reliability (7/10), this EA is positioned for traders who understand grid trading strategies and have access to hedging-capable broker accounts. The multiple risk levels (low, medium, high) and live trading signals provide flexibility, but the requirement for hedging accounts and moderate scores suggest this EA is best suited for experienced traders familiar with grid trading risks.
Best suited for: Experienced traders with hedging accounts who understand grid trading strategies. The EA's multiple risk levels and live signals make it suitable for traders who can monitor and adjust settings based on market conditions.
Consider this EA if: You have a hedging account (not netting), understand grid trading risks, want multiple risk level options, and prefer EAs with live trading signals for monitoring. Important: This EA requires a hedging account type and will not work on netting accounts.
Comprehensive grid trading strategy that places multiple orders at different price levels to capture market movements. The system is optimized for multiple currency pairs and includes sophisticated risk management features. This grid approach allows the EA to profit from both trending and ranging market conditions, making it versatile for various market scenarios. For more MT4 Expert Advisors with grid trading capabilities, explore our comprehensive all tools directory.
Features three distinct risk level configurations (low, medium, high) allowing traders to choose the approach that best matches their risk tolerance and account size. Each risk level is optimized with different grid spacing, lot sizes, and risk management parameters. This flexibility makes the EA suitable for both conservative and aggressive trading styles.
Includes live trading signals available on MQL5 Signals service, allowing traders to monitor real-time performance and follow successful configurations. Multiple signal providers offer different risk levels (low, medium, high), providing transparency and allowing traders to evaluate the EA's performance before using it on their own accounts.
Designed specifically for hedging accounts (not compatible with netting accounts). This requirement is essential for the grid trading strategy to function properly, as it allows the EA to maintain multiple positions in both directions simultaneously. Traders must ensure their broker offers hedging account types before using this EA.
Includes detailed manual available on the developer's website with complete setup instructions, parameter explanations, and best practices. The developer also provides regularly updated setfiles through blog posts, ensuring traders have access to optimized configurations for different market conditions and risk preferences.
Designed to work with multiple currency pairs, providing flexibility for traders who want to diversify their trading across different instruments. The grid system can be optimized for various pairs, and the EA includes settings to customize behavior for different market characteristics and volatility levels. This EA is part of our comprehensive MT4 platform tools collection, designed for traders using the MetaTrader 4 platform.
Burning Grid features a comprehensive grid trading system optimized for multiple currency pairs. Our analysis shows a usability rating of 7.5/10, indicating the EA offers good customization options (8/10) and reasonable ease of use (7/10). The grid system is designed to capture profits from market movements in both directions, making it versatile for various market conditions.
Our analysis confirms the good customization rating of 8/10, with this Expert Advisor offering three distinct risk levels (low, medium, high). This flexibility allows traders to choose configurations that match their risk tolerance and account size. Each risk level is optimized with different grid spacing and lot sizes, providing options for both conservative and aggressive trading approaches.
Burning Grid includes live trading signals available on MQL5 Signals service, providing transparency and allowing traders to monitor real-time performance. Multiple signal providers offer different risk levels, enabling traders to evaluate the EA's performance before using it on their own accounts. This transparency, combined with comprehensive documentation and regularly updated setfiles, provides confidence in the EA's capabilities.
Burning Grid Configuration:
Burning Grid is available for download on the official MQL5 marketplace. The EA requires a hedging account (not compatible with netting accounts) and includes comprehensive documentation, latest setfiles, and live trading signals for performance monitoring.
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Analyzes live market data, user reviews, performance metrics, and technical specifications simultaneously across multiple sources.
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Our AI-powered forex tool analysis platform provides comprehensive ratings and analysis that can't be done by humans alone. Our AI system processes thousands of data points including market performance metrics, user feedback, developer support quality, update frequency, and community reviews to provide accurate, unbiased ratings. These analyses help traders make informed decisions by understanding what metrics like accuracy percentages and profitability scores actually mean for their trading. Explore our complete directory of AI-rated forex tools to find the best Expert Advisors, indicators, and trading systems for your needs.
🏠 Explore All AI-Rated Forex ToolsUsers appreciate the flexibility of having three distinct risk levels (low, medium, high), allowing them to choose configurations that match their risk tolerance and account size. This customization option is particularly valued by traders with different trading styles.
The availability of live trading signals on MQL5 Signals service is praised for providing transparency and allowing traders to monitor real-time performance before using the EA on their own accounts. Multiple signal providers offer different risk levels for evaluation.
Users highlight the availability of detailed manual and regularly updated setfiles, which provide clear setup instructions and optimized configurations for different market conditions. The developer's active blog posts with latest setfiles are appreciated.
The EA requires a hedging account and is not compatible with netting accounts. This limitation is important for traders to understand before purchasing, as not all brokers offer hedging account types. Users must ensure their broker supports hedging accounts.
Grid trading strategies carry inherent risks, especially during strong trending markets. Users should understand that grid systems work best in range-bound conditions and may face challenges during volatile or trending markets. Proper risk management and monitoring are essential.
Our AI analysis shows moderate accuracy (73%) and profitability (6/10), indicating that while the EA can be profitable, it requires proper setup, appropriate market conditions, and understanding of grid trading strategies. Best suited for experienced traders familiar with grid trading risks.
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Burning Grid can be downloaded from the official MQL5 marketplace (Product ID: 135273). After purchase, you'll receive the .ex4 file which should be copied to your MetaTrader 4 Experts folder. The EA requires a hedging account (not compatible with netting accounts) to function properly.
Burning Grid requires a hedging account type and will not work on netting accounts. This is essential for the grid trading strategy to function properly, as it allows the EA to maintain multiple positions in both directions simultaneously. Before downloading, ensure your broker offers hedging account types.
After downloading Burning Grid from MQL5, copy the .ex4 file to your MetaTrader 4 Experts folder (usually located at MQL4/Experts). Restart MetaTrader 4, then attach the EA to charts of your preferred currency pairs. Use the setfiles from the developer's blog for optimal configuration.
The latest Burning Grid setfiles are available on the developer's MQL5 blog post (ID: 764010). The developer regularly updates these setfiles with optimized configurations for different market conditions and risk levels. You can also find the detailed manual at magma-software.solutions/burning-grid/bgmanual-en.html.
The developer recommends using the setfiles available on their blog for optimal performance. Start with the low risk configuration and adjust based on your account size and market conditions. The EA offers three risk levels (low, medium, high) - choose the one that matches your risk tolerance.
Yes, Burning Grid has live trading signals available on MQL5 Signals service. Multiple signal providers offer different risk levels (low, medium, high), allowing you to monitor real-time performance before downloading and using the EA on your own account. This provides transparency and helps evaluate the EA's capabilities.
Burning Grid is designed for multiple currency pairs and can be optimized for various instruments. The grid system works best in range-bound or moderately trending markets. Use the setfiles from the developer's blog which include optimized configurations for different pairs and market conditions.