Metatrader Expert Advisors based on FOREX Grid Strategy
Forex grid strategy is a forex strategy that operates with two or more orders simultaneously instead of a single order. When we catch a trend, why not add positions that follow it? These reasonable additions can result in insignificant decreases of your earnings with a greater possibility of considerable increase to your deposits. One of the most frequently used systems that can hold two or more positions simultaneously is forex grid system. Basically, forex grid systems are non-indicator systems based on placing an order level at some distance from the market on each side. I want to note that profitable forex grid strategy is rare because it is quite difficult to find the right balance between profits and stop level (distance between adjacent orders).
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 "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. Expert Advisor Eldorado Home Page
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IN THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY COUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS.
