Bestgrid EA

By utilizing an aggregate strategic analysis, the Bestgrid Expert Advisor identifies critical consolidation levels, and trades are only opened within these levels. This approach allows for a more accurate estimation of potential price movements, which can lead to more comprehensive market analysis. The EA offers flexible settings for stop loss and take profit, which can help traders manage their risk effectively. Additionally, the EA algorithm includes grid tracking of orders, which can improve its efficiency based on trading results. The averaging levels, or order grid levels, are specifically aligned with neighboring levels of consolidation. Overall, this approach can help traders make more informed trading decisions and potentially increase their trading performance.

Bestgrid EA Features

  • Trading Terminal: MT4
  • EA Version: 2.1
  • Required Equity: $500
  • Trading Pairs: Major Pairs
  • Account Leverage: 1:500
  • Suggested Trading Timeframe: Any
  • Lot Sizing: Not Fixed
  • Settings: Non customizable
  • Pricing: Paid

Recommendation for Aggressive Settings

Engage in aggressive trading by adjusting the lot multiplier for subsequent grid orders, which involves a non-classical method of averaging. This approach differs from conventional methods in terms of the zones chosen for opening orders, and has resulted in examples of rapid deposit doubling. A set for such trading will be provided, but it is important to note that this is a high-risk strategy. As a precaution, it is recommended to withdraw half of the funds after doubling the deposit. It is crucial to adhere to this recommendation. The default settings increase the risks, but you can mitigate them by reducing the lot.

Recommendation for Conservative Settings

If you prefer a more conservative approach, there are sets available for this purpose. You can reduce your risk by lowering the lot for the second and subsequent grid orders. It’s worth noting that in many cases, orders may not even reach the second grid order. This is why aggressive trading is possible. The sets provided are merely examples, and you can optimize this trading algorithm for each specific currency pair and timeframe to find more suitable sets.

Bestgrid EA Pros & Cons

Pros

  • The trading strategy of the Bestgrid Expert Advisor includes trading on both Gold and Major Pairs. This approach provides traders with a diverse range of assets to trade on.
  • All trades opened by the Bestgrid EA have pre-set take profit levels. This feature can help traders manage their trades more effectively and potentially lock in before the market turns against them.
  • To manage risk, the Bestgrid EA has a maximum drawdown limit set to 25% of the account balance. This means that if the market moves against the trader, the EA will automatically close the trade to prevent losses exceeding 25% of the account balance. This feature can help traders avoid catastrophic losses and maintain a healthy trading account balance.

Cons

  • The overall drawdown (DD) of the Bestgrid Expert Advisor is high. This means that traders who use this EA may experience significant losses if the market moves against them. It is important for traders to understand the potential risks associated with this trading strategy.
  • Unlike the pre-set take profit levels, the Bestgrid EA does not have a pre-set stop loss (SL). This means that if the market moves against the trader, losses may continue to accumulate until the EA closes the trade. Traders should carefully monitor their trades to avoid significant losses.
  • The Bestgrid EA allows for floating trades on weekends. This means that the EA may continue to trade even when the market is closed, potentially increasing the risk of losses.
  • The Bestgrid EA employs strict money management principles. This can help traders manage their risk more effectively and potentially avoid catastrophic losses.
  • The initial investment required to use the Bestgrid EA is high. Traders should ensure that they have sufficient capital to cover potential losses and meet the minimum investment requirements before using this EA.

Conclusion

The Bestgrid Expert Advisor offers a unique approach to trading by identifying critical consolidation levels and only opening trades within these levels. This strategy can provide a more accurate estimation of potential price movements, leading to a more comprehensive market analysis. Additionally, The algorithm includes grid tracking of orders, which can improve its efficiency based on trading results. Overall, the Bestgrid EA can help traders make more informed trading decisions and potentially increase their trading performance. Depending on your risk appetite, the EA offers both aggressive and conservative settings to suit your trading style.

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