Description

Fanatic EA: The Smart Grid Trading Robot for Experienced Forex Traders

FANATIC EA – Deep-Dive Review & Hands-On Guide

Table of Contents

1. Quick Overview Fanatic EA
2. Who Is Fanatic EA For?
3. How the Smart Grid Logic Works
4. Why Load Fanatic EA on EURUSD H1 Only
5. Supported Symbols
6. Step-by-Step Installation
7. Core Risk-Management Tools
8. Expected Drawdown & Position Sizing
9. VIP Version in Detail
10. Using Fanatic EA for Prop-Firm Challenges
11. Best Practices & Pro Tips
12. Frequently Asked Questions
13. Key Takeaways
14. Call to Action

Quick Overview

Fanatic EA is an advanced grid trading robot that blends two confirmation filters—Relative Strength Index (RSI) and Order Block detection—to enter the market with higher selectivity than a classic grid system. Once attached to a single EURUSD H1 chart, the EA automatically scans and trades 28 Forex pairs, plus Gold, Silver, and the Dow Jones index.

Key points at a glance:

Who Is Fanatic EA For?

Fanatic EA is not a beginner tool. The grid approach can be aggressive, and positions may stack quickly during strong trends. If you tick the boxes below, the robot might fit your needs:

• Understand how grid trading increases exposure in adverse price moves.
• Can handle temporary floating drawdowns of up to 30–40 % on small accounts.
• Want an automated way to work with 28 currency pairs without attaching the EA to each chart.
• Need robust daily controls to stop trading if a target or loss limit is reached.
• Like the idea of combining RSI levels with institutional order block zones for smarter entries.

If any of the statements above feel uncomfortable, consider a lower-risk strategy first.

How the Smart Grid Logic Works

Traditional grid robots open trades at fixed price intervals regardless of market context. Fanatic EA adds two extra layers before sending the first order:

1. RSI Filter• The EA checks whether RSI is overbought or oversold on the entry timeframe (H1 for EURUSD, but internally it adjusts per symbol).• Only if the RSI shows a potential reversal zone will the grid activate.
2. Order Block Confirmation• An order block is a price area where large buy or sell orders previously paused or reversed the market.• Fanatic EA detects these zones algorithmically.• A trade signal becomes valid only when price re-enters such a zone in line with the RSI filter.
3. Grid Expansion• Once the first trade is placed, the robot opens additional orders at predefined pip steps if price moves against the initial entry.• Take-profit (TP) levels are dynamic and adapt once new trades join the basket.
4. Basket Management• All open trades on a given pair share one combined TP.• The EA closes the full basket when the net profit target is reached or when daily limits call for a stop.

Because of these checks, Fanatic EA typically opens fewer positions than a generic grid EA, which can lower unnecessary exposure and improve trading accuracy.

Why Load Fanatic EA on EURUSD H1 Only

Attaching the EA to just one chart keeps MetaTrader clean and reduces CPU load. Internally the robot subscribes to the Market Watch price feeds of all supported pairs. You still need the symbols visible, though:

1. In MetaTrader 4/5, open the “Market Watch” window.
2. Right-click anywhere inside it and choose “Show All.”
3. Drag EURUSD onto the main chart and change the timeframe to H1.
4. Drop Fanatic EA onto that chart and set your risk parameters.

That’s it—no separate setup for USDJPY, GBPCHF, or any other cross.

Supported Symbols

Below is the full list of markets Fanatic EA can monitor and trade:

• Major pairs: EURUSD, GBPUSD, AUDUSD, NZDUSD, USDJPY, USDCHF, USDCAD
• Crosses: EURGBP, EURJPY, EURCHF, EURCAD, EURAUD, GBPAUD, GBPJPY, GBPCAD, GBPCHF, GBPNZD, AUDJPY, AUDNZD, AUDCAD, AUDCHF, CADJPY, CADCHF, CHFJPY, NZDJPY, NZDCAD, NZDCHF, EURNZD
• Metals & Indices: XAUUSD (Gold), XAGUSD (Silver), US30 (Dow Jones)

Fanatic EA automatically skips a pair if your broker symbol suffix differs (e.g., “EURUSD.pro”) and the platform does not map it. Contact support if you face this issue.

Step-by-Step Installation

1. Purchase or download Fanatic EA from the MetaTrader Market or the official vendor site.
2. Open MetaTrader 4 or MetaTrader 5.
3. Go to File → Open Data Folder → MQL4 → Experts (or MQL5 → Experts) and paste the EA file if you used an external download.
4. Restart MetaTrader or right-click “Expert Advisors” → Refresh inside Navigator.
5. Market Watch → Show All symbols.
6. Open a new EURUSD H1 chart.
7. Drag Fanatic EA onto the chart.
8. Enable Algo Trading (MT5) or AutoTrading (MT4).
9. In the EA settings dialog, adjust:
   • Lot Size Mode (fixed, balance-based, or VIP per-pair).
   • Maximum Daily Loss/Profit.
   • Max Drawdown %.
   • News Filter (optional for some brokers).
10. Click OK and observe the top-right corner of the chart. You should see the smiling face or green play icon, plus a status message such as “Trading…”.

Tip: Keep the Expert and Journal tabs open to spot any symbol feed errors early.

Core Risk-Management Tools

Fanatic EA offers several built-in protections:

• Daily Loss Stop – Stops trading when a net loss hits your preset limit. All open positions can be closed automatically if you enable the “Hard Stop” option.

• Daily Profit Lock – Locks in gains for the day and pauses new entries once the target is reached.

• Global Drawdown Cap – When floating drawdown equals your threshold (max. 30–40 % by design), the EA stops opening new grids and can optionally close all positions.

• Session Filters – With custom time filters you can block entries during low-liquidity periods or high-impact news releases.

• Per-Pair Lot Control (VIP only) – Adjust starting lots individually to spread risk evenly across correlated pairs.

Using these tools is vital to prevent over-exposure, especially during volatile macro events like FOMC or NFP.

Expected Drawdown & Position Sizing

Fanatic EA comes with aggressive default settings. The vendor reports the following ballpark drawdowns:

• $1 000 account → up to 40 % floating DD (≈ $400)• $10 000 account → around 10 % floating DD (≈ $1 000)

Why is the percentage lower on larger balances? Because many traders reduce the lot-to-balance ratio as accounts grow. The grid still expands, but the distance between orders or the starting lot is often smaller in relation to the equity.

Practical sizing tips:

1. Use cents/mini accounts for forward testing.
2. Start with 0.01 lot base size on a 1 000 USD micro account and monitor.
3. Scale gradually—only raise the lot once you see consistent statistics over a few hundred trades.
4. Apply pair caps in the VIP version if you want heavier exposure on one symbol and lighter on another.

Remember: the grid can multiply position size fast. A 0.01 start-lot may grow into 0.10 or higher if price moves several steps against you.

VIP Version in Detail

The standard license already trades 28 pairs plus metals. The VIP upgrade adds:

• Per-Pair Lot Size – Set 0.03 on EURUSD, 0.01 on NZDCHF, etc.
• Advanced Equity Protection – Separate drawdown caps for metals, indices, and currencies.
• Extended Back-Office Stats – CSV export of every grid cycle for deeper analysis.
• Priority Support – Direct Telegram channel with senior staff, plus AnyDesk sessions for complex setups.
• Free Updates – First in line for beta features such as partial close or AI-based news filter.

If you manage multiple accounts—or trade for clients—these extras can provide more granular control. The vendor sometimes offers a bundle discount when you purchase the VIP license together with a longer support plan.

Using Fanatic EA for Prop-Firm Challenges

Many proprietary trading companies (e.g., FTMO, MyForexFunds, The5ers) demand strict daily/overall loss limits. Fanatic EA’s built-in caps can meet most rule-sets, but double-check each firm:

Because grid trading may conflict with some firms’ risk rules, the vendor requests that you send the rules via Telegram before purchase. They will advise whether Fanatic EA can be adjusted (e.g., wider grid spacing, smaller lot) to comply.

Pro tip: Use the EA’s equity guard to enforce the challenge limits at the account level. If your daily loss limit is 5 %, set the daily stop a little tighter, around 4.5 %, to allow slippage cushion.

Best Practices & Pro Tips

Below are field-tested recommendations gathered from current Fanatic EA users:

1. Run the EA on a VPS located near your broker’s server (≤ 5 ms latency). The grid relies on quick order placement, especially in fast markets like US30.
2. Use an ECN account with low spread and small commission. A wider spread pushes grids further and may reduce net profit per cycle.
3. Update Symbol Mapping every quarter. Brokers sometimes add suffixes (“.m”, “-i”) after server migrations.
4. Avoid manual interference. Closing a single leg manually breaks the EA’s math; close the entire basket via the EA panel instead.
5. Adjust grid distance on highly correlated pairs such as EURUSD/EURJPY to avoid opening identical baskets at the same time.
6. Monitor margin. Because multiple pairs trade, free margin can drop fast during equity drawdowns. Keep at least 800 % free margin for safety.
7. Rotate trading sessions if you notice heavy load during Asian hours; disable entry from 22:00–01:00 server time to dodge low liquidity whipsaws.
8. Backtest only for logic checks; grid results are sensitive to tick quality. A forward demo on live feeds is more reliable.

Frequently Asked Questions

Q1: Does Fanatic EA work on MetaTrader 5?Yes. Both MT4 and MT5 builds are available. Pick the correct file in the purchase portal.

Q2: Can I trade only Gold and disable Forex pairs?Yes in the VIP version. You can set EnablePairs=FALSE and keep EnableGold=TRUE.

Q3: What starting balance is recommended?At least 1 000 USD or the equivalent in cents (100 000 units) if you want to test on micro lots.

Q4: How often does the EA get updated?Minor fixes appear every few weeks; major features every quarter. Updates are free for the license lifetime.

Q5: Does the robot breach FIFO rules on U.S. brokers?Because it opens multiple positions on the same symbol, it may clash with FIFO. Use a broker without FIFO constraints or the MT5 hedging mode if available.

Q6: Can I use the EA on multiple accounts?The standard license is locked to 1-2 live accounts plus 1 demo. The VIP license supports up to 5 live accounts.

Key Takeaways

• Fanatic EA is a sophisticated grid trading system that uses RSI plus Order Block confirmation for smarter entries.
• A single setup on EURUSD H1 lets the robot handle 28 pairs, Gold, Silver, and Dow.
• Built-in risk management caps daily loss, daily profit, and overall drawdown.
• Expect floating drawdowns up to 30–40 % on small accounts; scale lot size carefully.
• The VIP edition offers per-pair lot control, extended equity guards, and premium support—useful for prop firm challenges and larger portfolios.

Call to Action

Ready to explore Fanatic EA on your own charts?

1. Download the free demo from the MetaTrader Market to run a 30-day paper test.
2. Join the Telegram group for real-time tips, preset files, and peer feedback.
3. When you feel comfortable with the performance, pick either the standard or VIP license and start trading live with full risk controls in place.

Happy trading, and stay disciplined!

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