FOREX GRID TRADER EA (FGT)

FOREX GRID TRADER EA (FGT)

4 February 2017, 05:50
Akio Nakayama
1
593

Signal subscribe is not recommended. If you want the EA, please pm to me. I’ll give you the EA for free.

myfxbook.com/members/akio_nakayama/fgt/1608834
(starting lot: 0.03)
FGT is a high risk and high return EA (Martingale strategy).
When I run the EA with a standard account, the profit was tens of thousand USD in a year. Next year, I crashed my account twice and lost all profit of previous year.


Original recommended settings are;
Standard account: deposit $25,000, starting lot 0.01, Max Open Order 15 (max lot size 7.21)
Cent account: deposit $2,500, starting lot 0.10, Max Open Order 15 (max lot size 72.1)

My recommendation is;
Cent account: deposit $2,000, starting lot 0.03, Max Open Order 18 (max lot size 88.54)
Or
Cent account: deposit $2,000, starting lot 0.04, Max Open Order 17 (max lot size 73.79)

If you want lower risk;
Cent account: deposit $1,000, starting lot 0.01, Max Open Order 20 (max lot size 75.56)


I have never reached Max Open Order since I started the new settings . However, it’s very important to control the risk. I close all positions and stop the EA when a sudden rate change is expected (US Presidential election, UK referendum, X'ms holiday e.t.c.).

Install

1. Open data folder

2. Place EA (ForexGridTraderEAv1.1) into MQL4/Experts folder and DLL file (FTG1) into MQL4/Libraries folder

3. Re-start the MT4 terminal


Charts

1st Chart: GPSUSD 1M (BUY only)

After placing the EA, go to the Common tab and select "Only Long" option

2nd Chart: GPSUSD 1M (Sell only)

Open 2nd chart as same sa 1st chart. Then, slect "Only Short" option on Common tab and set a magic number which has to be different from 1st chart.

Settings;

ShowTradeComment: This variable determines if FGT will show Onscreen Comment or not.
Lots : this determines the fixed trading volume use in the beginning of the grid cycle.
MultiLotsFactor : used to calculate the lot size to be used on the next trade.
StepLots : the number of steps before a new position/trade is added.
double TakeProfit : proximity to takeprofit levels in standard (4 digits) pips.
UseTrailing : determines if trailstop is used.
TrailStart : minimum profit to be guaranteed when the stoploss is moved to secure profit.
TrailStop : proximity to trailstop levels in standard (4 digits) pips.
MaxOpenOrders : using this parameter you could limit the number simultaneously opened trades in your account.
SafeEquityStopOut : determines if FGT EA closes all open trades when a percentage of the account equity is in a floating loss.
SafeEquityRisk : The percentage of account equity FGT is allowed to risk if the trade goes the wrong way.
Slippage : maximum allowed slippage.
MagicNumber : a unique identifier through which Forex Grid Trader EA recognizes and manages its own positions. If you use other expert advisors on the same account, please ensure that each of them has a distinct unique identifier. Also make sure the two instances of FGT have distinct Magic Numbers.

Recommended setting

all default except "Lots", "MaxOpenOrders" and MagicNumber".  MN for buy chart and MN for sell chart have to be diffrent.


I use following settings;

Medium risk: myfxbook.com/members/akio_nakayama/fgt/1608834

Cent account: deposit $2,000, starting lot 0.03, Max Open Order 19 (max lot size 100.00)

My FX broker (XM)'s max lot volume is 100.00.

     


High risk: myfxbook.com/members/akio_nakayama/fgt-jpy/1841036
Cent account: deposit $2,000, starting lot 0.04, Max Open Order 18 (max lot size 100.00)


 

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