Hi, this EA is intended for traders who want to develop their own strategies. Therefore, there is no recommended timeframe or asset. Note that timeframe is not based on the chart timeframe. Instead the timeframe can be set for each of the indicators. This allows you to build strategies that are confirmed on multiple timeframes.

DEFAULT SETTINGS:

The default settings will trade a simple grid strategy using overbought/oversold signals from the RSI indicator on the D1 timeframe.

Trades are opened each day at 00:10 server time and profitable positions are closed at 23:50 (time-based exit).

Unprofitable positions remain open until the next day and either #1 recovery trades are added based on the minimum allowed distance between trades (the grid size) or #2 they are closed by an opposite signal.

Backtesting: Since the default strategy trades a high timeframe (D1) and uses timed exits rather that SL/TP, you do not need to use tick-data to test. I recommend testing with M1 data, using open prices. This will give you fast testing and M1 data is precise enough to ensure that trades are opened and closed at the correct times (00:10 and 23:50).

I will share more information on using this EA in the future.

Thanks Robert