- July 27, 2022
- Posted by: Maret Edodo
- Category: Free Forex EA
Excellent Forex Grid Bot Review
Excellent Forex Grid Bot trades on the H4 timeframe; deals are not opened frequently; on average, 10 orders are opened per month; if a deal moves in the opposite direction, an additional order is opened to average the position; a martingale is not used; and, in the best case scenario, there are only 5 deals in the grid of orders. It is also important to note that the orders are only on the market for a brief period of time; they typically expire within 1-3 days.
|Money management||At least 100 currency units|
Best Brokers List
The Excellent Forex Grid Bot works with any broker and any type of account, but we recommend our clients to use one of the top forex brokers listed below: I
|BROKER NAME||REGISTER||Year Founded||Headquartered||Leverage||Minimum Deposit||Regulating|
🇧🇸 The Bahamas
|1:1000||$200||ASIC, SCB, FSA|
|1:Unlimited||$10||CySEC, FCA, FSCA, FSA, BVI|
|1:1000||$5||ASIC, CySEC , IFSC|
|1:500||$200||FCA , ASIC, DFSA|
|1:400||$100||CBI, CSEC, PFSA, ASIC, BVIFSC, FFAJ, SAFSCA,ADGM, ISA|
Excellent Forex Grid Bot Setting
Since not everyone can afford a $1,000 minimum deposit for trading, we significantly altered the adviser's default settings so that it may now be utilized with a deposit of only $100. The set file with these settings is included in the adviser's archive, and the test results on history are shown below.
The behavior of this rather intriguing expert advisor, which performs well when tested against historical data, remains to be seen.
Some information I was able to gather about the adviser included that it used to trade and that Myfxbook provided monitoring; trading occurred from the beginning of 2017 to 2019; at least there are no later data in the monitoring; during that time, it earned 13859 percent; the initial deposit was $1000, and after two years it had grown to $139 597, which is a fantastic outcome! By the way, it's important to note that the advisor traded on both the EUR/USD and the GBP/JPY.
Since I tried it on the latter pair and had poor results, perhaps you might take some time to sit down and try optimizing the parameters for other currency pairings in the hopes of getting better results.
This adviser then abruptly vanished, monitoring was terminated in 2019, the website where the adviser was purchased was also blocked, and the domain name for this website is currently up for sale.
I have no idea what happened and can only speculate that either the adviser started trading poorly and was fired, or perhaps there were some other tragic occurrences.
But I do know one thing for sure: the markets are cyclical. If the adviser had been truly successful from 2017 to 2019 and had begun to withdraw funds from the client's account, it is possible that, as is frequently the case with advisers, things will now begin to turn around. But unless we try it in real-time trading, we can't be sure of it. I advise testing it first on a demo account, or better yet, on a single penny.
Cheers to trading, everyone!
Excellent Forex Grid Bot Free Download
We highly recommend trying the Excellent Forex Grid Bot for at least a week with ICMarket demo account. Also, familiarize yourself with and understand how this system works before using it on a live account.
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