Hey fellow traders! If you're looking to step up your game, let me introduce you to the Grid EA Pro, a professional advisor designed specifically for MetaTrader 4. This tool leverages the Relative Strength Index (RSI) to help you navigate the market more effectively.
One of the standout features of this EA is its ability to reduce drawdown. It works by overlapping unprofitable orders, which can really help keep your account in the green. Plus, the chart displays real-time profit information, making it a handy tool for manual trading as well!
⚡ If you're serious about trading, I highly recommend using an ECN broker with low spreads. Some great options include IC Markets, Exness, NordFX, FXPRIMUS, Alpari, and FXTM.
⚡ Give this EA a spin with a demo account before diving in! It’s a smart way to test the waters.
⚡ Also, consider pairing it with Buy/Sell Signals to follow trends more effectively. This way, you can set it to work semi-automatically, focusing on either buy or sell strategies based on market conditions.
Key Features:
- RSI_PERIOD - This is the period for calculating the relative strength index;
- UP_LEVEL - The upper threshold for RSI;
- DN_LEVEL - The lower threshold for RSI;
- RSI_TIMEFRAME - The timeframe used for calculations;
- START_LOT - Your initial lot size;
- LOT_MULTIPLIER - The multiplier for lots in the order grid;
- MAX_LOT - The maximum lot size allowed;
- STEP_ORDERS - The step size for orders in the grid;
- STEP_MULTIPLIER - The multiplication factor for the order step (set to -1 if not used);
- MAX_STEP - The maximum step size for order grids;
- OVERLAP_ORDERS - The order from which the overlap function is activated;
- OVERLAP_PIPS - The minimum profit in pips required to close unprofitable orders;
- STOPLOSS, TAKEPROFIT - Set your stop loss and take profit in pips (set to -1 if not used);
- BREAKEVEN_STOP, BREAKEVEN_STEP - Define levels and steps for breakeven (set to -1 if not used);
- TRAILING_STOP, TRAILING_STEP - Set the trailing stop level and step (set to -1 if not used);
- MAGIC_NUMBER, ORDERS_COMMENT - Unique identifiers for your orders and any comments;
- START_TIME, END_TIME - Specify the time range for opening orders (set to '00:00' if not used).
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