Experts: Grid EA Pro

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Grid EA Pro:

A professional Grid advisor works according to RSI ( Relative Strength Index ) indicators. And has the function of Reducing the Drawdown on the account by overlapping unprofitable orders. The chart displays information about the profit. It can be a very useful tool, For manual trading.

Author: NGUYEN NGHIEM DUY

 

Thank you for this.

What does the Risk input do? If I set it to anything above 0.0 the Lot size remains 0.01

 

I am beginner , please help me using the EA , How to use it in MT4?

Thanks

 

Ia there any need to install RSI indicator on the EA chart?

Is there any time frame you preferred?

I run with default setting now

 
Nuril Mustofa # :

Is it necessary to install RSI indicator on chart EA?

Which time frame do you prefer?

Now I run with default settings

No need. Try H1 H4 D1
 
Saeed Kalantari # :

Tôi là người mới bắt đầu, vui lòng giúp tôi sử dụng EA, Làm cách nào để sử dụng nó trong MT4?

Cảm ơn

https://www.mql5.com/go?link=https://forexbenchmark.com/blog/how-to-install-an-ea-from-the-mql-market/
 
This is Best Free EA i know.
Thankyou for Dev give it free.
Good strategy for trading. And i saw the store you have many good EA, too.
 

The end-user would do well to work out how lot-sizing is calculated from this code, and adjust your inputs accordingly. 

Where: 

double RISK = RISK_PER_TRADE

double SL = STOPLOSS

double BALANCE = FROM_BALANCE

double BALANCE_LOT = VOLUME


double LOT_CALCULATE(double RISK,double SL,double BALANCE,double BALANCE_LOT)
  {
   double LOT=0;
   if(RISK_PER_TRADE>0)
     {
      LOT = NormalizeDouble(((AccountInfoDouble(ACCOUNT_BALANCE)*RISK/100.0)/SL)/(TICKVALUE!=0?TICKVALUE:1),2);
      LOT = NormalizeDouble(LOT/MarketInfo(_Symbol,MODE_LOTSTEP),2) * MarketInfo(_Symbol,MODE_LOTSTEP);
     }
   else
      if(FROM_BALANCE>0)
         LOT=AccountBalance()/BALANCE*BALANCE_LOT;
      else
         if(RISK_PER_TRADE==0 && FROM_BALANCE==0)
            LOT=VOLUME;

   return(LOT);
  }

I think it may have potential but lot-size calculation is messy and not user-friendly.

Don't understand why FROM_BALANCE is needed. Why can't it just use the account balance? Maybe I'm missing something.

Hope this helps someone, and maybe the author could offer insight.
 

 

How EA open the orders, is it based on overbought or oversold RSI indicator?

I run the EA on XAU/USD pair with TF M15 and H1

I insert a RSI (10) indicator in EA chart, it's looked that the open orders not based on overbought or oversold area.

Certainly I set the RSI_TIMEFRAME - timeframe for calculation, according to TF used in running EA.

 

So far so good in demo. I am glad that the author gave it free for us...

HUGE THANKS!!!

 
Thak you For Share,I Like to act .It perfac ;
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