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Rebate Virtual Grid

This is a Virtual Grid EA  with positive(for traders) slippage. I recommend it for pair EURUSD.

EA may be use as Rebate generator. Works ok during news and gaps (with depo >1000$).

Working timeframe M1.


Strategy

The system does not use regular takeprofits and stop loss. Martingale is not used. EA use unique indicator (for open "Zero").

Monitoring (5EAs)

_https://www.mql5.com/en/signals/508303

Parameters (one of the safest)

Rebate Virtual Grid

                         MM_Type   0 MM: 0-min lot, 1-percent of free margin
                If MM=1:  MM_Percent  0.5 % of free margin for first (each) order
Magic (base expert)528 Set a unique number
 Max spread0  Max spread (when "0" - the max spread is not limited)
                   Grid levels height   55  Grid levels height
Open mode0  Open: 0-zero, 1-only buy, 2-only sell, 3-revers, 4-trend, 5-antitrend
           Profit in deposit currency   0.5  Profit in deposit currency
Open Hour0  Start hour
Open minute0  Start minute
Close hour23  End hour
Close minute59  End minute
                 Stop work Thursday?   false  Stop work Thursday? 
                  Thursday stop Hour    1 Thursday stop hour, if "stop work Thursday ?" =true
                    Stop work Friday?  false  Stop work EA in Friday?
                    Friday stop hour    1  Friday stop hour, if "stop work Friday?" =true


Trading Requirements

Caution is advised. In order to trade via this EA, you need the following:

  • A good broker, with low spreads and stop levels.
  • For use on EURUSD M1 chart.
  • A good Internet connection.
  • A lot of stamina.
  • Works great on ECN or low-spread account (no more than 2 pips).
  • Closeby should be allowed.

Recommended Minimum Deposit

  • For Standard Forex accounts - 200 USD with the minimum lot of 0.01.
  • For Mini Forex accounts - 1,000 cent with the minimum lot of 0.01.

Testing

It is better to test in real time, because positive slippage can only be seen on real quotes       

Virtual Grid EA can be tested on M1 EURUSD at all ticks in visual mode.


###DISCLAIMER###

This is written to assist in automating a current strategy, I am NOT liable for any funds lost during use.

Trading is a risky endeavour, ensure you backtest your strategy thoroughly or use a demo account before switching to real funds!





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