Progressive Grid is an Expert Advisor based on price support and resistance. It works by identifying support and resistance levels depending on the highest and lowest price at a certain period, then uses them to draw an invisible grid. If current price break the nearest grid, then order is executed followed by unlimited pending orders to capture further price movement.
This EA does not use dangerous techniques like martingale, averaging, or hedging. All orders are protected by stop loss.
It is recommended to use this EA on broker with 5-digit quotes, low spread and low commissions. And this automated robot is available for all pairs also can be set on any time frames.
- Expert Name - EA name and trades comment.
- Magic Number - EA identification number to identify trades.
- Fixed Lot Size - Fixed lot size.
- Activate Auto Lot Size - true if you want to activate auto lot size calculation.
- Auto Lot Risk - Risk calculation to calculate auto lot size.
- Stop Loss - stop Loss.
- Trailing Start - Distance to trigger trailing.
- Grid Distance - Grid and pending order distance.
- Expiration (in Minute) - Pending order expiration in minutes.
- Slippage - Slippage.
- Max Spread Allowed - If spread goes higher than this value, EA won't trade and delete all pending orders.
- Volatile currency pairs.
- Low spread.
- Low commissions.
- Account leverage at least 1:200.
- 5-digit quotes.
- 24/7 VPS hosting with low latency.