Grid Hero Quick User Guide - Recommendations, Live Trading, Back Testing, & Risk Settings
Recommendations:
------------------------
- EA Settings: Use Default Settings or Auto Lot Set files.
- Symbol: EURUSD only (Do not use on other pair).
- Time Frame: H1 only (Do not use on other time frame).
- Brokers: ECN brokers, low spread/commission, 1:400 leverage, non-FIFO.
- Minimum Deposit: $3000 USD.
Live Trading Instructions:
--------------------------------
1) Simply drag and drop Grid Hero EA onto the EURUSD H1 chart
2) In the EA menu, input your broker's GMT Offset value for Winter (check with your broker if you're unsure)*
3) Leave all other EA settings as default. Or Enable Auto Lot Sizing by applying the attached Standard/Medium/High Risk Set file
*Note: The default value of the GMT Offset for Winter is set to 2 in the EA, which matches most brokers
Back Testing Instructions:
--------------------------------
1) Select Symbol: "EURUSD"
2) Select Period: "H1"
3) Select Model: "Every Tick"
4) For Spread: Set "15" (points) for standard MT4 tester, or set "Variable" if you're using Birt's Tick Data Suite
5) Under Expert Properties >> Testing tab, set "Initial Deposit" to $3000 USD (minimum recommended amount)
6) Use default EA settings for Conservative Risk performance (Auto Lot Sizing disabled)
7) Or enable Auto Lot Sizing by applying the attached Auto Lot Set files according to your risk appetite (Auto Lot Risk Levels: Standard/Medium/High)
8) Start your Back Test as far back as from 2004 if you wish
Select Your Risk Settings:
-------------------------------
Conservative Risk: Use default EA setting (no need Set file)
Standard Risk: Apply Auto Lot Standard Risk Set file
Medium Risk: Apply Auto Lot Medium Risk Set file
High Risk: Apply Auto Lot High Risk Set file
Auto Lot On Fixed Funds: Set "Enable Auto Lot Sizing On Fixed Funds" to true and set fixed funds amount (no need Set file)
GRID HERO EA Product Page: https://www.mql5.com/en/market/product/20937
GRID HERO EA FAQ: https://www.mql5.com/en/blogs/post/689594
GRID HERO EA V9.3 FIFO vs Non-FIFO Video: https://youtu.be/7F2hQFqIOhk
GRID HERO EA V8 13 Years Visual Back Test Video: https://youtu.be/xIt2G-cYDHE
GRID HERO EA V6 Visual Back Test Video: https://youtu.be/aBcesp-OTsU
GRID HERO EA V5 13 Years Back Test Video: https://youtu.be/QuWqw2OY8ps
GRID HERO MQL Live Signals: https://www.mql5.com/en/signals/author/daveng
GRID HERO Myfxbook (real signal): myfxbook.com/members/iamforexrobot/grid-hero-real-axitrader-ecn/2195120
GRID HERO Myfxbook (demo signal): myfxbook.com/members/iamforexrobot/grid-hero-axitrader-ecn2/2005411
GRID HERO Myfxbook (demo signal): myfxbook.com/members/iamforexrobot/grid-hero-tickmill-ecn/2001730
GRID HERO Myfxbook (retired): myfxbook.com/members/iamforexrobot/grid-hero-real-axitrader-ecn/2005396
Recommendations:
------------------------
- EA Settings: Use Default Settings or Auto Lot Set files.
- Symbol: EURUSD only (Do not use on other pair).
- Time Frame: H1 only (Do not use on other time frame).
- Brokers: ECN brokers, low spread/commission, 1:400 leverage, non-FIFO.
- Minimum Deposit: $3000 USD.
Live Trading Instructions:
--------------------------------
1) Simply drag and drop Grid Hero EA onto the EURUSD H1 chart
2) In the EA menu, input your broker's GMT Offset value for Winter (check with your broker if you're unsure)*
3) Leave all other EA settings as default. Or Enable Auto Lot Sizing by applying the attached Standard/Medium/High Risk Set file
*Note: The default value of the GMT Offset for Winter is set to 2 in the EA, which matches most brokers
Back Testing Instructions:
--------------------------------
1) Select Symbol: "EURUSD"
2) Select Period: "H1"
3) Select Model: "Every Tick"
4) For Spread: Set "15" (points) for standard MT4 tester, or set "Variable" if you're using Birt's Tick Data Suite
5) Under Expert Properties >> Testing tab, set "Initial Deposit" to $3000 USD (minimum recommended amount)
6) Use default EA settings for Conservative Risk performance (Auto Lot Sizing disabled)
7) Or enable Auto Lot Sizing by applying the attached Auto Lot Set files according to your risk appetite (Auto Lot Risk Levels: Standard/Medium/High)
8) Start your Back Test as far back as from 2004 if you wish
Select Your Risk Settings:
-------------------------------
Conservative Risk: Use default EA setting (no need Set file)
Standard Risk: Apply Auto Lot Standard Risk Set file
Medium Risk: Apply Auto Lot Medium Risk Set file
High Risk: Apply Auto Lot High Risk Set file
Auto Lot On Fixed Funds: Set "Enable Auto Lot Sizing On Fixed Funds" to true and set fixed funds amount (no need Set file)
GRID HERO EA Product Page: https://www.mql5.com/en/market/product/20937
GRID HERO EA FAQ: https://www.mql5.com/en/blogs/post/689594
GRID HERO EA V9.3 FIFO vs Non-FIFO Video: https://youtu.be/7F2hQFqIOhk
GRID HERO EA V8 13 Years Visual Back Test Video: https://youtu.be/xIt2G-cYDHE
GRID HERO EA V6 Visual Back Test Video: https://youtu.be/aBcesp-OTsU
GRID HERO EA V5 13 Years Back Test Video: https://youtu.be/QuWqw2OY8ps
GRID HERO MQL Live Signals: https://www.mql5.com/en/signals/author/daveng
GRID HERO Myfxbook (real signal): myfxbook.com/members/iamforexrobot/grid-hero-real-axitrader-ecn/2195120
GRID HERO Myfxbook (demo signal): myfxbook.com/members/iamforexrobot/grid-hero-axitrader-ecn2/2005411
GRID HERO Myfxbook (demo signal): myfxbook.com/members/iamforexrobot/grid-hero-tickmill-ecn/2001730
GRID HERO Myfxbook (retired): myfxbook.com/members/iamforexrobot/grid-hero-real-axitrader-ecn/2005396
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