- February 23, 2023
- Posted by: Forex Wiki Team
- Category: Free Forex EA
Forex Grid Strategy EA Review
The foreign exchange market, also known as forex, is the world’s largest and most liquid financial market. With a daily trading volume of over $6 trillion, it is no wonder that forex trading is popular among investors and traders alike. However, trading in the forex market can be challenging, especially for beginners. That is where Forex Grid Strategy EA comes in.
Forex Grid Strategy EA is an advanced grid system that has been designed to exploit existing market inefficiencies. Unlike most trading systems that rely on historical data, Forex Grid Strategy EA uses real market mechanics to its advantage to make a profit. The system has been tested on real accounts for years, and it has a live track record of 4.5 years of stable trading with low drawdown.
Best Brokers List
The Forex Grid Strategy 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|
|Register||2007||Sydney, Australia||1:1000||$200||ASIC, SCB, FSA|
|Register||2010||Melbourne, Australia||1:500||$200||FCA , ASIC, DFSA|
|Register||2008||Cyprus||1:Unlimited||$10||CySEC, FCA, FSCA, FSA, BVI|
|Register||2011||London, England||1:500||$25||regulated by CySEC|
|Register||2006||Dublin, Ireland||1:400||$100||CBI, CSEC, PFSA, ASIC, BVIFSC, FFAJ, SAFSCA,ADGM, ISA|
Forex Grid Strategy EA Settings
Supported currency pairs for Forex Grid Strategy EA are AUDCAD, AUDNZD, and NZDCAD. The recommended timeframe is M15, and you only need one chart to trade all symbols, making it very easy to use. Additionally, the system is much cheaper than other high-quality alternatives in the market.
Forex Grid Strategy EA has multiple currency pair support, making it a versatile trading system. It is not sensitive to spread and slippage, but it is advisable to use a good ECN broker. To ensure the system runs continuously, it is recommended to use a VPS.
Forex Grid Strategy EA Results
Forex Grid Strategy EA has specific requirements depending on the account size and leverage. For an account with 1:30 leverage, it is advisable not to use higher than low-risk settings on an account with less than $6000. Otherwise, you might have problems with free margin. With 1:100 leverage, it is fine to use significant risk settings on an account with $1000.
The strategy of Forex Grid Strategy EA is based on two technical indicators, Bollinger Bands, and RSI. The Bollinger Bands period is the period used to calculate the upper and lower levels, while the RSI period is used to filter out trades with small potential. The maximum RSI value is used to set the value for the RSI filter.
In conclusion, Forex Grid EA is an innovative way to make profits in the forex market. It uses a unique strategy that exploits market inefficiencies, making it different from other trading systems that rely on historical data. With solid backtest and live performance, this trading system is worth considering for traders and investors looking for a profitable way to trade the forex market.
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.