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CAP Universal Grid EA

4.38

MeetAlgo Universal Grid EA MT4 is a highly efficient and mechanical trading strategy which has no reliance on direction, profits from volatility and uses the intrinsic wavy nature of the market. [  Installation Guide | Update Guide Submit Your Problem | FAQ | All Products ]

  • Easy to set up and supervise
  • No indicators or hard analysis needed
  • Grid trading is time-frame independent
  • Requires little forecasting of the market
  • Extracts money out of the market regularly


Key Features

  • Easy to set up and supervise.
  • Function and inputs - the EA comes with a lot of functions and inputs, so you can easily optimize your trading strategy.
  • The EA can manage manual trade - the EA can place a grid for your manual trades or you can set the EA to manage trades opened by another EA.
  • Built-in automatic trading strategy - the EA can manage your manual trades but you can also set it to fully automatic mode. The EA comes with more than 16+ automatic trading strategies for opening the initial trade.
  • Buy and Sell Grid - The EA can manage buy and sell grids simultaneously.
  • Customization capabilities for future. A unique customization code will be assigned that will perform the relevant customization functions once the code is entered. Options will be controlled by an external file.
  • No pending orders are placed - only market orders.
  • It works for Forex, CFDs and futures


Grid trading is a powerful tool, but...

  • It can appear complex and illogical initially.
  • Like most powerful tools, it is also dangerous.
  • Poorly managed grids can cause big drawdowns.
  • It requires more patience than regular trading.
  • It may require traders to make a paradigm shift.


What is grid trading?

Grid trading has become very popular amongst traders because it does not use stops, is highly mechanical, has no reliance on direction, uses the intrinsic wavy nature of the market, does not require indicators or charts to trade and can be easily automated. Grid trading refers to the trading approach which uses fixed price levels to enter and exit trades. A grid is nothing more than a single deal or position segmented into several trades, which are cashed-out independently from each other at regular intervals.


Input Parameters

For a full description of each input parameter, please read the user guide.


Official Channel

To get product news, setting files, and free indicators, please subscribe to our Official Channel.


Author

Mohammad Ali, technical analyst and speculator, software engineer and founder of MEETALGO LLC.‌

Reviews 17
BeletteCosmique
1883
BeletteCosmique 2024.06.09 01:52 
 

I am not a grid EA fan at all. But I must admit, I have done more with this 30 bucks EA than with any other one. It's solid, predictable and reliable. No magic wonders here, but a powerful tool to design a strategy and deploy it wihout any fuss. I also have the strategy builder from the same author. But it like this one more. Simple enough yet effective. I'd buy it again if I had to!

Simon Pitts
154
Simon Pitts 2022.10.19 12:14 
 

Still testing in demo but so far, this has been the best "profitable" EA I've purchased.

adeelhassan
60
adeelhassan 2022.09.06 17:06 
 

This is not fake EA like other Russian seller.So far this is good tool with many strategy option if you follow your best setting definitely it will boom your account.

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Ugochukwu Mobi
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Bonnitta EA  is based on Pending Position strategy ( PPS ) and a very advanced secretive trading algorithm. The strategy of  Bonnitta EA  is a combination of a secretive custom indicator, Trendlines, Support & Resistance levels ( Price Action ) and most important secretive trading algorithm mentioned above. DON'T BUY AN EA WITHOUT ANY REAL MONEY TEST OF MORE THAN 3 MONTHS, IT TOOK ME MORE THAN 100 WEEKS(MORE THAN 2 YEARS) TO TEST BONNITTA EA ON REAL MONEY AND SEE THE RESULT ON THE LINK BELOW. B
NNFX Algo
AHMED ZABIR SAZOL
This  Expert adviser developed on Prop Trader VP( Patrick Victor) From No Nonsense Fx.  It is an automated trading system that uses 100% technical indicators with very complex settings and some hidden Mathematical calculations to open and close trades. Trade different times for each day. It doesn't use the grid, martingale, or other dangerous money management methods. It has a lot of Entry and Exit Methods, and Every Trade is Stop loss protected. Download Preset file  Features: Every trade is
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Oliver Hesse
1133
Oliver Hesse 2024.06.12 16:43 
 

Things that don't work (after just one hour of testing, e.g. AUDUSD) - the "Continuous Initial Trade" function doesn't work with pending orders. I have it set to "False" and after the grid is closed, a new pending order opens immediately. Extremely dangerous bug and exclusion criterion for using this EA. For me, this is completely incomprehensible. This EA is 7 years old and neither the author nor any user noticed what I did after 60 minutes? - The one-click buttons don't work. At least not with set initial pending order. If I press "close all", nothing happens. - The fact that there is a very detailed user manual is commendable. Unfortunately, there are only visual examples of the TP calculations. A few screenshots using the example of an SL calculation would be nice. But that's just a side note. - I suspect that there are more bugs in this EA, but I don't need to check that today, as the EA is unusable for my strategy due to the first error mentioned. As soon as the author has published a working update, I will also update my rating

BeletteCosmique
1883
BeletteCosmique 2024.06.09 01:52 
 

I am not a grid EA fan at all. But I must admit, I have done more with this 30 bucks EA than with any other one. It's solid, predictable and reliable. No magic wonders here, but a powerful tool to design a strategy and deploy it wihout any fuss. I also have the strategy builder from the same author. But it like this one more. Simple enough yet effective. I'd buy it again if I had to!

Simon Pitts
154
Simon Pitts 2022.10.19 12:14 
 

Still testing in demo but so far, this has been the best "profitable" EA I've purchased.

adeelhassan
60
adeelhassan 2022.09.06 17:06 
 

This is not fake EA like other Russian seller.So far this is good tool with many strategy option if you follow your best setting definitely it will boom your account.

ff11benho
180
ff11benho 2021.09.13 21:58 
 

I have bought this EA for a while , recently I try the grid on loss by ATR, BT works , by live account , it seems doesn't work, pls look into it, thanks , update 4/11 Grid on ATR work perfect

mso_forex mso_forex
186
mso_forex mso_forex 2021.01.14 00:11 
 

User didn't leave any comment to the rating

lengendmt4
1059
lengendmt4 2020.12.14 11:32 
 

I really like this EA as it got most if not all of the configurations that I want. Will appreciate if there is a complete manual describing all the settings with examples. Thanks!

unseenhero42
71
unseenhero42 2020.08.08 22:41 
 

Been trying out Cap Universal Grid EA. I've switch on Heiken ashi, also using additional filters Day and Week. Added Heiken Ashi smooth indicator to chart. It seems not to be working correctly, the smooth indicator clearly shows day and week are up trend yet the EA places a sell trade.

HLong P
672
HLong P 2019.08.12 06:00 
 

User didn't leave any comment to the rating

John Obermaier
684
John Obermaier 2019.08.05 11:54 
 

Excellent, well done

Peter
1093
Peter 2019.06.28 14:07 
 

User didn't leave any comment to the rating

Zsolt Tekula
410
Zsolt Tekula 2018.12.12 09:07 
 

I think this is the best grid Ea in the market. This Ea is very complex therefor was some bugs in it, but glad for updates will be better and better

Michael Yu
6002
Michael Yu 2018.12.10 17:15 
 

Bug in the software!

"Grid Spacing in Points" does not work all the time. Sometime for no reason the Grid spacing is much smaller then what you have set to. Very dangerous because of that. Example: I enter 300 in the Grid Spacing in Points field, but sometime live trading it will create Grid that is much smaller than 300. Sometime it's like 50 instead of 300 pips. Must fix. You should add a minimum grid spacing field!

This EA would be perfect if it has a “Grid_GAP” (minimum gap) field.

Mauro Giuseppe Tondo
1990
Mauro Giuseppe Tondo 2018.06.05 20:32 
 

User didn't leave any comment to the rating

AAron
395
AAron 2018.05.26 08:27 
 

It is amazing

Sjoerd Hof
228
Sjoerd Hof 2017.11.24 08:29 
 

for me the best grid system. the possibilities for setups are amazing and it all works super smooth, even on offline charts. and that for only 30 bucks :)

ANDREAS KURT HANS MEYER
1452
ANDREAS KURT HANS MEYER 2017.11.03 19:49 
 

Looks very promising on backtest. Many possibilities in configuration and optimizing in logical settings structure. Very good work and best Grid EA in marked I think. Running on Demo 17 pairs for 1 day till now. I will update review after longer running period.

Reply to review
Version 7.3 2024.05.25
FIXED BUGS: From the previous week the news filter stopped working. In this version add a new input 'News URL' where there are different URLs of the news filter. You can select a news URL that works with you. There are three news source URLs -

https: // ec.forexprostools.com
https: // sslecal2.investing.com
https: // sslecal2.forexprostools.com

Keep IN MIND - If you select any news URL, you have to add the URL into Allow 'WebRequest for listed URL'
Version 7.2 2024.04.04
UPDATED: Minor Update, Internal coding change, Build with new compiler.
Version 7.1 2024.01.10
ADDED: NEW INPUT –
---> Check Market Close- Set it true if your EA is stuck in backtest for the "open trade when market closed" message. This only happened to some brokers and in backtest only. You don't need set true for live trading.
Version 7.0 2023.04.02
FIXED BUGS: The news filter not working, we fixed this issue. Please Add a new link to Terminal Options. The new link will be shown by EA
Version 6.9 2022.07.15
ADDED: NEW FEATURE – Add "Currency in Profit (Bothside) and Currency in Loss (Bothside)
Version 6.8 2022.06.18
FIXED BUGS: GlobalMaxTrade not working
Version 6.7 2022.03.26
UPDATED: Change our branding name 'CAP' to 'MeetAlgo'
FIXED BUGS: News filters
Version 6.6 2022.03.13
FIXED BUGS: In profit grid Grid Limit and Grid Anchor not working
Version 6.5 2022.02.25
UPDATED – Change our branding name 'CAP' to 'MeetAlgo'
FIXED BUGS: News filters
Version 6.3 2021.12.13
FIXED BUGS: When your Grid TP Type = In Points (Fix Distance from Initial Trade), SELL tp close with buy trade.
Version 6.2 2021.08.10
FIXED BUGS: Profit grid lots size can't calculation properly
Version 6.1 2021.07.23
ADDED: NEW FEATURE – New [Grid GAP Type] Add
---> Distance By ATR - Now you get Grid GAP By ATR value

Details information you will get updated description
Version 6.0 2021.07.13
Product Update Info
ADDED: NEW INPUTS ADD


---> Fine new sections -
------> (12) INITIAL TRADE STOP FILTER
------> (13) TRADE CLOSE FILTER
Version 5.30 2021.05.19
Product Update Info
FIXED BUGS: Custom lots do not work with the profit grid
Version 5.20 2021.05.10
Product Update Info
ADDED: NEW FEATURE – Add message confirmation for all close trade on button click.
ADDED: NEW INPUT – Initial Lot Type, 1. Fix Lots 2. Lots Base On XBalance
Version 5.10 2021.03.28
Product Update Info
FIXED BUGS: TakeProfit can't set more then 10k points
ADDED: NEW FEATURE – Grid trade in Profit add this version. Previous version only have grid trade when your initial trade go into loss. But in new version you can active Grid when trade in profit side also

Keep in Mind- Previous version setting file may be not work in new version. So manually set your setting then save setting file again.
Version 5.0 2020.07.03
Add New Inputs

-->Section (01)
--->Initial Trade Direction - Add four new initial trade Type (Buy Stop,Sell Stop,Buy Limit,Sell Limit)
--->Pending Order Price Type
--->Pending Order Price Value

-->Section (02)
--->Grid GAP Type - You can now select your Grid gap type. 1. Fix Distance (Grid) - Ea will open grid trade with fixed distance 2. Custom Distance (Grid) - You can set different grid gap for your every gird trades individually saparate by ";"


-->Auto Trading Strategy
---> New Auto trading add ADX
---> Improved Heiken Ashi auto trading
---> Improved Ichimoku auto trading. (Old strategy not work like ichimoku so improved this strategy)

Bugs Fixed

-->Fixed News filter not work properly

NOTE - Details information you will find upto date into product discription
Version 4.20 2019.09.24
-->Minor Update.
-->Improved Coding.
Version 4.10 2019.09.03
-->Minor bugs fixed.
Version 4.0 2019.08.04
-->Major update come with this version
-->Some new input add and some input are deleted

Add
-->New 5 type of TakeProfit and StopLoss add
-->Max Profit/Loss add.

Remove
-->'Profit In Currency' Input removed
-->'Profit In Currency, After Number Of Order' Input removed

VERY VERY IMPORTANT
-->Before update this version, Please read new description again then update your product.
-->Test and check new version before update.
-->Don't update your product if you have existing trade. New may be not work with old version existing trade.
-->Old version set file will not work with new version, because some input name changed, So create new set file.
Version 3.10 2019.04.21
-->Grid GAP not work properly, fixed this version.
Version 3.0 2019.04.09
-->Major change come into this version. Before update please check input again. Some function deleted and some new function add.

-->Please read new description.

Keep In Mind - Don't update this product if you have existing trade.
Version 2.10 2018.12.12
--Fixed Reverse Signals (For Auto Trading)
Version 2.0 2018.12.03
--Improved Coding.
--Rearrange input setting.
--Fixed Bugs individual TP/SL not working.