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BF Grid Master EA
There is a PROFESSIONAL version of BF Grid Master EA! Check it here: https://www.mql5.com/en/market/product/36038
WARNING: BF Grid Master EA is a grid based trading strategy. You should not use it, if you are not aware of the risks associated with this type of trading. Do not risk money you cannot afford to lose!
BF Grid Master EA is an efficient trading strategy developed especially for GBPUSD. However, if it is used wisely it can be adapted and applied for almost any trading instrument.
The grid based trading techniques are a very controversial topic in the trader’s community. The reason for this is the following - used properly with proper risk and settings, they can generate consistent gains relatively safe with performance incomparable with any other trading strategy. On the other hand in certain circumstances they fail dramatically. The key elements for the success of any grid based trading are the applied risk and the right entry and exit trading logic.
Please, check my other products in MQL5 Market:
Forex Combo System 4 in 1
Smart Scalper PRO
GOLD Scalper PRO
BF Scalper PRO
BF Grid Master EA is designed to pick up the right moment for the initial market entry and for the following additional grid based recovery trades. The second safety line of additional trades is a unique feature, which is not present in any other grid EA on the market. This feature allows a safe “high frequency” scalping, when the price is in a narrow range and as well a second line of distant drawdown compensating trades in case the market price breaks in the wrong direction. The second line of drawdown compensating trades is initiated only in extremely stretched in the “wrong” direction market, only after a very strong market reversal pattern is detected.
Please, backtest on GBPUSD after 2009, using the “M1 open price only” method, with start balance at least $3000!
BF Grid Master EA features
overbought-oversold trend filter
additional time filter
long only and short only option
add on reverse option
second line of recovery option
The minimum starting capital is $1000
The advised starting capital is $3000
For accounts from significant importance, AutoMM greater than 0.1 is not recommended. This is the equivalent of 0.01 lots initial trade on $10k account equity. In this case, the annual ROI (Return of Investment) can be expected in the 15-30% range
The default settings are only for GBPUSD
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