Question 1

What type of strategy does Friendly Bot MT4 use?

Accepted Answer

It is a grid + averaging EA that builds a basket of orders at fixed intervals.

Question 2

What is the risk level?

Accepted Answer

High. The large GridStep (300 points), limit of 10 orders, and extremely wide SL/TP (10,000 points) can lead to very large drawdowns in trending markets.

Question 3

Does it use Martingale?

Accepted Answer

It uses a fixed-distance averaging system (not pure Martingale), but the effect is similar when the market trends strongly.

Question 4

Is it suitable for beginners?

Accepted Answer

Not recommended for beginners. The aggressive grid parameters require good experience and sufficient capital.

Question 5

Which pairs and timeframes work best?

Accepted Answer

Best used on ranging pairs (e.g., EURUSD, GBPUSD, AUDUSD) on H1 or higher timeframes.

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