gazonkos
Gazonkos is a grid-based Expert Advisor that places pending orders at fixed price intervals around a central price level, aiming to profit from market fluctuations within a range. It systematically opens buy and sell orders at predetermined distances, capturing small profits as price oscillates. The EA relies on grid spacing and lot management to generate returns without directional bias.
Open the interactive view (equity curve, symbol switch)Key facts
Backtest results (H1, about 1 year)
| Symbol | P&L | Annual | Max DD | Trades | Win rate | Sharpe | Recovery | Losing streak | Per trade | Status |
|---|---|---|---|---|---|---|---|---|---|---|
| EURUSD | 0.00% | 0.00% | 0.00% | 0 | — | — | — | — | — | Not convertible yet |
| GBPUSD | 0.00% | 0.00% | 0.00% | 0 | — | — | — | — | — | Not convertible yet |
| USDJPY | 0.00% | 0.00% | 0.00% | 0 | — | — | — | — | — | Not convertible yet |
| XAUUSD | 0.00% | 0.00% | 0.00% | 0 | — | — | — | — | — | Not convertible yet |
Why this EA never traded: no entry rule survived the conversion.
Converted from MQL5 to Python and run with the same rules for every EA. Positions use MT5 lot sizes (100,000 units per FX lot, 100 oz per gold lot) with 1:100 leverage, one order at a time, and a stop-out below 10% of the starting balance. Sharpe is computed from the equity curve. Results marked as unreliable are shown for completeness only.
Blow-up risk: High
- Opens a grid of orders at fixed price steps
- Has no stop loss or trailing stop
High: stopped out in our backtest, or martingale/grid sizing without a stop loss. Elevated: martingale or grid sizing with a stop loss, or several positions at once without a stop loss. What the label means and what we found →
Strategy analysis
This EA employs a grid trading strategy that places buy and sell pending orders at fixed intervals above and below the current price. Entry conditions are purely mechanical: orders are triggered when price reaches predefined grid levels, requiring no trend analysis or indicator signals. Exit conditions typically involve fixed take-profit targets for each grid order, closing positions when price reverts to profitable levels. Position sizing varies: some grid EAs use uniform lot sizes per level, while others employ increasing lots (Martingale variant) to average down entry prices. Money management depends on proper configuration of grid spacing and take-profit ratios; insufficient spacing can lead to excessive position accumulation. The strategy performs well in ranging markets but faces significant drawdown risk during strong trending conditions due to continuous position building against the trend.
Strengths
- Grid strategy generates consistent profits in ranging markets without requiring trend direction judgment
- Systematic trading logic is clear with adjustable parameters, facilitating optimization and backtesting
- Pending order approach ensures precise entries at target price levels, avoiding slippage issues
Weaknesses
- During strong trending markets, grid positions accumulate continuously and floating losses can expand rapidly
- Without stop-loss protection, extreme market conditions can lead to account blowout risk
- Grid spacing and lot sizing require fine-tuning per instrument volatility, limiting general applicability
Possible improvements
- Add global stop-loss and maximum drawdown limits to prevent account blowout during trending markets
- Implement a trend filter to pause grid operations or reduce exposure during strong trend conditions
- Implement dynamic grid spacing that adapts based on volatility indicators such as ATR
Risk assessment
Overall risk: High risk
- No global stop-loss mechanism; strong trends can cause cascading position buildup and massive floating losses
- Grid strategy is inherently counter-trend position accumulation, facing systemic risk during extreme market conditions
Evaluation scores
Parameters
| Parameter | Default | Description |
|---|---|---|
GridStep | 200 | Grid spacing in points |
TakeProfit | 100 | Take profit per order in pips |
Lots | 0.01 | Initial lot size |
MaxOrders | 20 | maximumpending order count |
StopLoss | 0 | Initial stop loss distance, 0 for no initial SL |
MagicNumber | 12345 | Magic number to identify EA positions, 0 for all positions |
Similar Grid EAs
Backtests are historical simulations and do not guarantee future results. Not financial advice.