A time-window range breakout for gold. One trade idea per day, a hard stop on every position.
- Net profit
- +59.3%
- Profit factor
- 1.26
- Max drawdown
- 8.1%
Simulated, Jan 2020 – Sep 2026
$129or rent from $39/month
Elastic Band Grid
A Bollinger-and-RSI mean-reversion grid that waits for stretched prices to snap back.
- Net profit
- +98.2%
- $9,817 on $10,000
- Profit factor
- 2.67
- Gross profit ÷ gross loss
- Max drawdown
- 12.8%
- Peak-to-trough equity
- Trades
- 745
- 79.5% winners
Historical simulation: NZDCAD H1, Oct 2019 to Sep 2026, 10,000 USD start. Not indicative of future results.
Overview
What Elastic Band Grid does
Elastic Band Grid buys stretched-down prices and sells stretched-up prices, adds a limited number of ATR-spaced levels if price keeps going, and closes the whole basket at one common take profit. A drawdown breaker, a per-symbol loss cap and a trend filter limit the damage when the market does not come back.
- Uses a grid with a mild lot multiplier. Individual positions have no stop loss; they are managed as one basket.
- No DLLs, no external files, no web connections.
- Strategy
- Mean-reversion grid
- Symbol
- NZDCAD (NZD/CAD)
- Timeframe
- H1
- Platform
- MetaTrader 5
- Minimum balance
- $1,000 (fixed 0.01 lot)
- Sold via
- MQL5 Market
How it works
From signal to exit
Wait for a stretch
When the last closed bar closes below the lower Bollinger Band with RSI oversold, the EA buys. Above the upper band with RSI overbought, it sells.
Add levels, within limits
If price keeps moving against the basket, a new level is added each time it moves the grid distance: the larger of a fixed minimum and half the ATR. Levels grow 1.15x, to a maximum of 6.
One basket, one target
The whole basket shares a single take profit a fixed distance beyond its volume-weighted average price. When price returns, every level closes together.
Protect the account
A drawdown breaker, a per-symbol loss cap, a trend filter and a spread check step in when price does not return.
In MetaTrader 5
Features and protections
What is built in
Account drawdown breaker
When equity falls a set percentage below balance (20% by default) the EA closes its trades or blocks new grids, as you choose.
Per-symbol loss cap
If one symbol's basket loses more than a set share of balance (8% by default), only that basket is closed.
ADX trend filter
No new grid levels are added while a strong trend runs against the basket.
Correlated-pair filter
Limits how deep two related pairs (AUDCAD and NZDCAD by default) can be at the same time.
News filter
Uses the MetaTrader economic calendar around high-impact events (live trading only).
Multi-symbol from one chart
Enter a comma-separated symbol list to trade several pairs from a single chart. Broker suffixes are supported.
Backtest
How it behaved in the test
Historical simulations from the MetaTrader 5 Strategy Tester. The test conditions are listed with each result so you can reproduce them.
- Symbol
- NZDCAD H1
- Period
- Oct 2019 to Sep 2026
- Start balance
- $10,000
- Model
- 1-minute OHLC
- History quality
- 74%
- Price data
- Fusion Markets price history (raw spread)
- Net profit
- +98.2%
- $9,817 on $10,000
- Profit factor
- 2.67
- Gross profit ÷ gross loss
- Max drawdown
- 12.8%
- Peak-to-trough equity
- Trades
- 745
- 79.5% winners
| Year | Return |
|---|---|
| 2019* | +1.7% |
| 2020 | +15.7% |
| 2021 | +14.8% |
| 2022 | −4.0% |
| 2023 | +15.8% |
| 2024 | +12.2% |
| 2025 | +12.0% |
| 2026* | +4.9% |
- Symbol
- NZDCAD H1
- Period
- Jan 2019 to Sep 2026
- Start balance
- $100,000
- Model
- Real ticks
- History quality
- 99% real ticks
- Price data
- MetaQuotes demo price history (wider spread)
- Net profit
- +29.5%
- $29,465 on $100,000
- Profit factor
- 1.57
- Gross profit ÷ gross loss
- Max drawdown
- 19.6%
- Peak-to-trough equity
- Trades
- 549
- 78.0% winners
| Year | Return |
|---|---|
| 2019 | +2.1% |
| 2020 | +6.2% |
| 2021 | +6.4% |
| 2022 | −14.1% |
| 2023 | +11.9% |
| 2024 | +5.0% |
| 2025 | +4.3% |
| 2026* | +6.6% |
Trading foreign exchange, metals and cryptocurrencies on margin carries a high level of risk and may not be suitable for everyone. Backtested and hypothetical results are not a guarantee of future performance. Read the full risk disclosure.
Requirements
Before you install
- Symbol and timeframe
- NZDCAD H1 (the defaults were tuned here). Other range-bound, low-spread crosses can work; strongly trending pairs do not suit the strategy.
- Platform
- MetaTrader 5, hedging account
- Broker
- Low spread on the traded pair; results depend strongly on spread. We recommend Fusion Markets (Zero account), whose raw-spread data produced the headline result.
- Minimum balance
- $1,000 with fixed 0.01 lots; about $5,000 with Low Risk lot sizing.
- Hosting
- A VPS is recommended.
Inputs
Parameters
General and risk
Symbols, magic base, maximum spread, slippage, minimum free margin; lot sizing method (Fixed, Low, Mid, High risk), fixed lot, maximum lots per trade.
Grid and strategy
Minimum distance, lot multiplier, maximum trades per grid, smart (ATR) distance; Bollinger period and deviation, RSI period and levels, grid take profit.
Protections
Maximum drawdown % and action, correlated-pair groups, news filter windows, per-symbol loss cap, ADX trend filter.
Set files and a PDF user guide are provided to buyers.
Questions
Frequently asked
Why are there two sets of results?
Because spread decides this strategy. The same settings were tested on raw-spread data and on wider-spread demo data, and we show both so you can judge a realistic range rather than the best case.
Is a grid with a multiplier dangerous?
It can be. That is why the drawdown breaker, loss cap and trend filter exist, and why it is offered with a plain-language warning. It is not suitable for a strict prop-firm challenge.
Can I run it on other pairs?
Range-bound, low-spread crosses can work. Strongly trending pairs do not suit mean reversion. Backtest any pair yourself before using it.
Can I try it before buying?
Yes. The MQL5 Market demo runs in the Strategy Tester.
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- Profit factor
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- Max drawdown
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- Net profit
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- Profit factor
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- Max drawdown
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Free guide · 24 pages
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Ready to test Elastic Band Grid?
Start with the free demo in the MetaTrader 5 Strategy Tester, on your own broker’s data, before you commit.
Elastic Band Grid$99 · NZDCAD H1