Forex Grid MetaTrader Expert Advisor "ELDORADO"

FOREX Grid Strategy

Expert Advisor " Eldorado" Technical Characteristic:

•Recommended Currencies: CHFJPY, EURCHF
•Timeframe: Any
•Using Indicators: No
•Trading Time:24 hours per day
•Risk: Medium
•Minimum Deposit: $5000 ($500 with Lot =0.01 )
•Recommended Deposit: $20000 ($2000 with Lot=0.01)
•Orders Type: BUYLIMIT and SELLLIMIT pending orders
•Money Management: Stop Loss and Take Profit, closing by profit, closing at time
•Metatrader expert advisor Customization: possible upon the request
•NOT sensitive for broker
 

How does the Forex Grid  "Eldorado" Expert Advisor work?

Forex Expert Advisor "Eldorado" based on FOREX Grid Strategy. Forex Grid Strategies designed to reduce risk by making the success of a trade independent of the direction the market moves. Expert Advisors based on FOREX Grid strategies can be an effective approach provided the currency traded is not in a strong upward or downward trend (in which case Forex grid trading will not work well). Grid trading is a difficult strategy, and requires a degree of expertise. However, it's easy to understand the basic idea of how to grid trade FOREX. Sell order makes profit when the exchange rate falls and a buy order makes profit when the exchange rate rises.

Forex Grid Expert Advisor "Eldorado" Back tests: 

Click to View MT4 Expert ELDORADO STATEMENT CHFJPY

Click to View MT4 Expert ELDORADO STATEMENT CHFJPY

Forex Grid Expert Advisor "Eldorado" Real account monitoring (forward test)