- October 25, 2022
- Posted by: Forex Wiki Team
- Category: Free Forex EA
Forex Grid EA Review
The Forex Grid EA is a new breed of grid-based forex robot that operates under the “buy low, sell high” maxim. This is accomplished by initiating trades based on signals from built-in indicators. Unfortunately, it does not always ensure that the price will move in the right direction in this extremely liquid market, which is forex.
If the entry is not precise enough, the Forex EA manages open positions by employing a carefully considered martingale method. Open orders are organized into baskets, and when the objective (the level of take-profit) is attained, the baskets are immediately closed.
Forex Grid Strategy
There is no scalping or short-term trading involved in this Forex Grid Strategy. Orders are added to the “basket” by opening market orders (in some circumstances, the adviser utilizes Buy-Stop/Sell-Stop orders to deal with price gaps). Regardless of the state of the market, using certain sophisticated techniques to regulate grid geometry results in virtually ideal open basket geometry (slippage, increased spreads, etc.).
All of this enables the Forex EA to trade in any market circumstance, including during very significant news events.
Trading EA places many orders in the same direction of varying sizes. A basket is a collection of similar purchases. Levels are the individual orders in the basket.
Best Brokers List
The Forex Grid EA works with any broker and any type of account, but we recommend our clients use one of the top forex brokers listed below:
|BROKER NAME||REGISTER||Year Founded||Headquartered||Leverage||Minimum Deposit||Regulating|
|1:1000||$5||ASIC, CySEC , IFSC|
🇧🇸 The Bahamas
|1:1000||$200||ASIC, SCB, FSA|
|1:Unlimited||$10||CySEC, FCA, FSCA, FSA, BVI|
|1:500||$200||FCA , ASIC, DFSA|
|1:400||$100||CBI, CSEC, PFSA, ASIC, BVIFSC, FFAJ, SAFSCA,ADGM, ISA|
Forex Grid EA Setting
Forex Grid EA has the following minimum deposit requirements:
– Safe mode $3000 ($300 for micro and $30 for cent accounts)
– Normal mode $2000 ($200 for micro and $20 for cent accounts)
– Aggressive mode $1000 ($100 for micro and $10 for cent accounts)
Backtesting of the Free forex grid mentoring program :
There are several historical tests on the Forex EA website with results for many currency pairings. Additionally, the backtests had 99% modeling quality, which indicates that they utilized genuine tick data, a crucial component in maintaining the accuracy of the back-test findings. It is unclear if the testing used genuine variable spreads, swaps, slippage, and fees. Results may be significantly impacted by these variables. The developer’s excellent back tests demonstrate to me their expertise, however, I believe they should make it clear whether variable spreads were utilized and the commission was included. As a result, I would have more faith in the Forex EA backtesting.
Attention! The full backtest report is unavailable on the vendor’s website. Possible manipulation of the results!
Fx EA AUDNZD
The developer has supplied some confirmed Myfxbook accounts that display their EA outcomes, which is fantastic, but they haven’t been updated in a while. As a result, we are unable to assess the performance of the Forex expert adviser under recent market circumstances, which have considerably altered since the account was last updated. The accounts have pretty significant drawdowns as well, which is likely a result of the software’s poor money management, which includes leaving open transactions open and failing to close down lost deals. There is definitely space for improvement, in my opinion. You might want to think about the Forex Flex EA as an alternative if you’re seeking for a forex robot with verifiable outcomes.
Forex Grid EA Free Download
We highly recommend trying the Forex Grid EA with ICMarket demo account. Also, familiarize yourself with and understand how this system works before using it on a live account.