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This grid Expert Advisor uses signals based on breakout of waves by R.N. Elliott. The operation principle of the Expert Advisor lies not only in accumulating positions against the trend (as all grid EAs do), but also along the trend (the principle of turtles). The unique risk control system manages the entire process from opening the grid of order to closing it. The risk control system consists in determining the critical level of lot accumulation in one direction. When a critical event occurs,
I would like to present you my grid Expert Advisor.
How it works
Amount of trades closed with profit minus the most loss-making trade should exceed or be equal to Profit Distance Cut. The EA can work in both directions simultaneously or follow certain Price Action signals. Flexibility and simplicity of the settings make the EA available for beginners as well. With the right approach and customization, the EA can be used both for long-term trading and for boosting the deposit in a short time.
The indicator shows possible reversal points. It is based on several candlestick patterns + an oscillator. The indicator is easy to use: install it and watch arrows. Sell when a red arrow appears and buy when a blue arrow appears. If you set the Alert option in the indicator parameters to True, the indicator will show an alert window with information about the currency pair, on which the signal has formed. ALERT = True/False; Attention ! It is not the Holy Grail for trading, errors may happen.