A note first: TopXEA wrote this review, and BinanceGrid is our own product, which we sell. Every number here comes from the raw MT5 Strategy Tester logs, and the parts that do not flatter it are included.
BinanceGrid is a MetaTrader 5 Expert Advisor that trades three Binance USD-M perpetual contracts: HYPE, LIT and ADA. Each coin runs on its own chart with its own capital. The EA streams Binance market data into MT5 custom symbols, so the candles on your chart are Binance's candles, and it trades either a built-in paper account or your own Binance futures account. It costs $599 and comes with the full MQL5 source code.
The short version
It is a long-only grid that adds as the price falls, with each layer larger than the one before, and an account-level stop to cap the tail. In the backtest, with all three coins in one account, nine and a half months returned +18.9% with a 4.8% maximum equity drawdown. The equity curve mostly climbs in small steps, and the drawdowns come from a handful of sharp drops. It suits people who will run it on paper first, accept leveraged futures and keep a machine on around the clock. If you want to set it and forget it, or cannot stomach a system that keeps buying while you are losing, do not run it.
How it trades
Decisions use closed bars only. When a signal appears the first layer opens; each step lower adds a layer, and later layers are larger. When the price comes back to a take-profit above the average price, the whole cycle closes at once. Each coin has its own built-in rules, with different timeframes and spacing. The rules are compiled into the EA; the inputs cover the coin, capital, account stop, paper or live, the API key and display options.
The upside of this kind of averaging is that a bounce halfway down is enough to exit. The cost is just as plain: the longer a one-way decline lasts, the more of the position sits in the last layers and the faster the open loss grows. It is not a martingale that doubles every layer until the account breaks, but size does grow layer by layer, and you should be comfortable with that before buying.
Where the risk sits
- Account stop: when the combined equity of the coins on the terminal falls 10% from its peak (adjustable), everything is closed and no new cycle opens for the rest of the month. HYPE also has a single-coin stop.
- Stops are executed by the EA, not placed on the exchange. While the EA is offline, the terminal is closed or the computer sleeps, an open position has no protection, so live trading needs a computer or VPS that stays on.
- Futures are leveraged. At full size the grid's notional is 0.75 to 2 times the coin's equity, depending on the coin.
- Run a single coin alone and the account stop applies to that coin by itself. In the backtest, LIT run alone fell 10.7% from its peak on 27 March, hit the stop and sat out the rest of the month.
How to read the backtest
Conditions: MT5 Strategy Tester, 1 January to 12 October 2026, 1-minute OHLC, fees 5 bp, slippage 1 bp, funding not included, 2,000 USDT per coin.
| Return | Max equity drawdown | |
|---|---|---|
| HYPE | +29.0% | −9.1% |
| LIT | +8.8% | −10.4% |
| ADA | +4.5% | −4.4% |
| Three coins in one account | +18.9% | −4.8% |
Three things about the combined row. The tester runs one coin at a time, so the row adds up the daily equity of three runs, and its drawdown adds up the daily lows, which makes it slightly deeper than reality. Its LIT figure comes from the run without the triggered stop (LIT alone +23.1%), because in a shared account the combined drawdown never came near 10%, so the single-coin stop line would not have been hit; that choice flatters the combined number, which is why we spell it out. By month, January to September were all positive, the best being March at +3.66%, and the first 12 days of October were −0.33%.
The backtest leaves out funding, which can be a real cost when longs are crowded, and 1-minute bars cannot model order-book depth. Nine and a half months covers one stretch of market conditions; the sample is small, so do not annualise it.
The engineering that matters live
- All charts share one Binance WebSocket connection. If the chart that holds it closes or stalls, another takes over within 5 seconds and fills missed bars from Binance's REST API.
- Live mode reconciles with the exchange every 30 seconds; if the position does not match, a short appears or unknown orders are open, it stops opening and adding. An order whose result is unknown is never resent; the EA looks it up by its ID first.
- Capital is set per coin. Changing it mid-run only moves the difference; past P&L is untouched, and adding money cannot trigger the account stop by mistake.
- With MT5's Algo Trading switch off, the EA sends no orders at all and says so at the top of the dashboard.
- The rules were first written and tested as a Python model, and the MQL5 version was checked against it bar by bar and order by order before release. The source ships in the package, so you can compile it and check for yourself.
Who it is for, and who it is not
It fits someone who understands the risks above, will run it on paper for a while before going live, has a Windows computer or VPS that stays on, and can set their Binance futures account to one-way mode. At 13 October 2026 prices the minimum live capital per coin was about 510 USDT for HYPE, 1,465 for LIT and 471 for ADA.
It does not fit US-based users (Binance's futures API is closed to US IP addresses), anyone after a steady daily income, anyone who cannot accept buying more while a position is losing, or anyone whose computer is only on now and then.
How to start
- Install the EA as the user guide describes, add the WebRequest entries, put one coin on each of three charts and start on paper.
- Download the 1-minute history with the included script and reproduce the backtest yourself in the Strategy Tester.
- Once you have run it on paper for a while and understand every number on the dashboard, move to live above the minimum capital, with an API key that allows futures trading only, has withdrawals off and is bound to your IP.
Product page: BinanceGrid · User guide: English PDF
Risk notice: this is not investment advice. Backtests are based on historical data and do not indicate future returns; futures are leveraged and losses can exceed what you expect, so only trade money you can afford to lose. BinanceGrid is not affiliated with Binance.