Free

Orion EA for MT4 – Systematic Grid Trading with Controlled Risk

Orion EA for MT4 is a grid-based Expert Advisor designed for traders who value systematic trade management, patience, and controlled risk exposure. Unlike aggressive scalpers, Orion EA builds structured baskets of trades, adjusting positions dynamically to market movements and incrementally improving the average entry price.

With extensive testing across various market conditions, it is clear that Orion EA focuses on long-term stability and methodical growth rather than chasing short-term gains.

Orion EA Recommended Settings

Currency Pairs:

EURUSD, GBPUSD, AUDUSD (major pairs with stable liquidity for best performance)

Timeframes:

H1 (optimal)
M30 (can be used with conservative risk settings)

Minimum Deposit:

$500 for conservative setups
$1,000+ recommended for grid stability

Leverage:

1:200 or higher

Account Type:

ECN or Standard accounts with low spreads

These settings provide balance between flexibility, risk management, and basket performance.

Key Features of Orion EA for MT4

Flexible Grid Logic: Adapts spacing and order placement to price movement
Magic Number Support: Separate identifiers for buy and sell cycles for clean trade tracking
Trailing Stop Functionality: Captures profits as baskets move in your favor
Order Limits: Prevents overexposure during strong trends
Manual Overrides: Allows human intervention when market conditions shift
Dynamic Averaging: Positions added gradually to improve average entry price

Orion EA emphasizes systematic trading, making it ideal for traders who want methodical automation rather than impulsive trades.

Trading Strategy

Orion EA’s approach is grid-based mean reversion with controlled averaging:

The EA opens an initial trade based on internal price structure
Additional trades are placed at preconfigured distances if the market moves against the initial position
Basket positions are closed collectively in profit or near break-even when the market returns

This strategy works best in ranging or moderately trending markets. In strong directional trends, risk parameters such as grid spacing and maximum orders become critical for controlling drawdowns.

Trading Signals

Signals are internally generated based on price movement, volatility, and grid logic
Buy and sell cycles are managed independently
Focus is on basket management rather than single trade timing
Entry and exit logic adapts automatically to changing market conditions

The system is robust to short-term noise, relying on overall basket performance instead of individual trade perfection.

Conclusion

Orion EA for MT4 is a reliable and adaptive grid trading solution for traders who understand systematic position management. Its strengths are long-term stability, controlled averaging, and structured risk management. Drawdowns may occur during strong trends but are generally manageable with conservative grid and lot settings.

This EA is ideal for traders who: