The GRID is a semi – automatic program that allows you to trade effectively on the market of interbank currency exchange Forex. This program is an analogue of ExpertNET and allows you to conduct semi-automatic trading on Forex.
At the heart of its work, the indicator-free expert Advisor USES the grid principle, the meaning of which is to open limit orders at a certain distance from each other. The lot of the first order can be set by a certain parameter or as a percentage of funds not used in transactions. All other orders have the size of the first lot multiplied by the coefficient. The maximum lot size is limited by the parameter. The meaning of this strategy is that the price can not constantly move in the same direction without falling. This strategy allows to take the average position of the price and close all costs in the nearest transaction in case of erroneous entry to the market.
This program allows you to work on the Metatrader 5 platform.
As for currency pairs, the recommended ratio is GBPUSD. It is working with the recommended ratio of currencies allows you to get a significant profit.
The timeframe for working with this EA is M1.
The grid indicator-free expert Advisor can work around the clock. You can adjust the appropriate time by adjusting the system.
Consider the basic configuration items:
- Orders-set the number of orders in each direction
- Step_1 = 10 – select the distance from the current price to the first order
- Step_2 = 10 – select the distance between orders
- Lot – lot selection
- K_Lot – select the zoom factor of the lot
- TF – timeframe selection
Currently, the EA has seven versions. The most popular is the latest version, as it is fully refined and eliminates the presence of certain problems.