BF Grid Master EA

The BF Grid Master EA is a trading tool that has been designed to for those traders who are looking to trade on the GBPUSD currency pair. The EA uses the grid-based approach, which is a controversial topic in the trader’s community due to the risks involved in such strategies. With this strategy, traders can set up a grid of buy and sell orders at predetermined intervals from price movements in both directions. By using this grid-based approach, traders can also trade the market volatility.

BF Grid Master EA Strategy

Bf Grid Master EA Strategy
Bf Grid Master EA Strategy

 

The BF Grid Master EA identify the entry points in the market and execute additional grid-based recovery trades. One of the features of this strategy is the second safety line of additional trades. This feature allows for high-frequency scalping when the price is in a narrow range, while also providing a second line of distant drawdown compensating trades in case the market price moves in the wrong direction.

The BF Grid Master EA’s second line of drawdown compensating trades is only initiated in extremely stretched markets that are moving in the “wrong” direction. This is done only after a very strong market reversal pattern is detected.

The Grid-Based Trading Strategy

A grid-based trading strategy is a technique that involves placing multiple buy and sell orders at predetermined intervals around the current market price. These orders form a grid of trades that are executed automatically as the market price fluctuates. The main goal of this approach is to execute trades from both upward and downward price movements.

BF Grid Master EA Features

  • Overbought-oversold trend filter: This filter helps to identify trends in the market by analyzing overbought and oversold levels.
  • Additional time filter: This filter enables traders to set specific time periods for trading, confirming that trades are executed only during periods of high market activity.
  • Long-only and short-only option: This option allows traders to choose whether they want to open long positions only, short positions only, or a combination of both.
  • Add-on reverse option: This option enables traders to reverse the direction of their trades if the market moves against them.
  • Second line of recovery option: This feature provides an additional safety net for traders by initiating a second line of drawdown compensating trades in the event that the market moves in the wrong direction.

BF Grid Master EA Settings

  • Magic – unique identifier of the EA
  • EA_Comment – with this parameter you can change the EA comment in the trading history
  • MaxSpread – maximum allowed spread in pips
  • Slippage – maximum allowed slippage (works only for non-ECN brokers)
  • NFA – use true for NFA regulated brokers
  • No_Hedge – use true in order to disable the hedging
  • LongTrades – enables/disables the long trades
  • ShortTrades – enables/disables the short trades
  • M1_Execution – enables/disables the execution of the trading logic on M1 bar open
  • BetterPricePips – minimum allowed distance between any of the additional trades and the previews trade in pips
  • MaxNegAdds – maximum allowed number of the first line additional trades
  • AddOnReverse – activates a mode in which the additional trades are allowed only after a reversal bar is detected
  • ReverseBarTF- the timeframe of the reversal bar for the AddOnReverse feature
  • ForceProfit – market exit profit in pips
  • ForceLoss – market exit loss in pips
  • FixedTakeProfit – fixed take profit in pips
  • FixedStopLoss – fixed stop loss in pips
  • OscPer – the oscillator period on the M15 timeframe
  • OscLev – the entry overbought and oversold level on the M15 timeframe
  • OscPerHiTF – the oscillator period on the H1 and H4 timeframes
  • OscLevHiTF – the entry overbought and oversold level on the H1 and H4 timeframes
  • TrendFilterON – switches on and off the MA based trend filtration
  • MA1_Per – the period of the first moving average
  • MA2_Per – the period of the second moving average
  • Trade_StartHour – start trading hour
  • Trade_EndHour – end trading hour
  • FixedLots – fixed lots value of the initial trade
  • AutoMM – with values greater than zero activates the proportional automatic money management function – as an example the default value AutoMM=0.2 means that the initial trade will be 0.02 lots on $10000 account equity
  • AutoMM_Max – maximum allowed risk value
  • K_Mart – lot size multiplier for the first line additional trades
  • RecoveryProfit – exit profit in pips in case a recovery trade is opened
  • RecoveryAfter – minimum distance in pips between the first recovery trade and the previews additional trade
  • RecoveryTrades – maximum allowed number of recovery trades
  • RecoveryTradesDistance – minimum distance in pips between the recovery trades
  • RecoveryRiskMultiplier – lot size multiplier for the recovery trades

BF Grid Master EA Summary

Overall, the BF Grid Master EA utilizes a grid-based approach, which set up a grid of buy and sell orders at predetermined intervals based on price movements in both directions. One of the features of this strategy is the second safety line of additional trades which provides the second line of distant drawdown compensating trades.

However, it is important to note that grid-based trading involves risks that traders should be aware of. It is not recommended to use this strategy if you are not familiar with the potential risks associated with it, and it is crucial to only invest money that you can afford to lose. It is recommended to use a demo account before using the EA with real money.

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