Grid Master PRO
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Grid Master PRO Live Performance: https://www.mql5.com/en/signals/625120
Grid Master PRO is the professional version of my very popular free EA - BF Grid Master EA. I have implemented a lot of new additional features and systems in this PRO version in order to improve its overall performance. I have added 3 additional trading strategies in the Grid Master PRO which increase the total profit. I have added Advanced Time Management system, Notification System, Friday Exit System, Advanced News Filter and i have added additional parameters for making Grid Master PRO more flexible.
Grid Master PRO is an efficient trading strategy developed especially for GBPUSD. However, if it is used wisely it can be adapted and applied for almost any trading instrument.
The grid based trading techniques are a very controversial topic in the trader’s community. The reason for this is the following - used properly with proper risk and settings, they can generate consistent gains relatively safe with performance incomparable with any other trading strategy. On the other hand in certain circumstances they fail dramatically. The key elements for the success of any grid based trading are the applied risk and the right entry and exit trading logic.
Grid Master PRO is designed to pick up the right moment for the initial market entry and for the following additional grid based recovery trades. The second safety line of additional trades is a unique feature, which is not present in any other grid EA on the market. This feature allows a safe “high frequency” scalping, when the price is in a narrow range and as well a second line of distant drawdown compensating trades in case the market price breaks in the wrong direction. The second line of drawdown compensating trades is initiated only in extremely stretched in the “wrong” direction market, only after a very strong market reversal pattern is detected.
Please, backtest on GBPUSD after 2009, using the “M1 open price only” method, with start balance at least $3000!
Using risk level equivalent on 0.01 lots on $3000 account balance, or lower, is essential for long-term success with Grid Master PRO!!!
Grid Master PRO features
- Overbought-oversold trend filter
- Long only and short only option
- Add on reverse option
- Second line of recovery option
- Advanced News Filter
- New, improved, highly effective trading logic
- Email and Push Notification system
- Advanced Time Management system
- Friday Exit System
- The minimum starting capital is $1000
- The advised starting capital is $3000
- For accounts from significant importance, AutoMM greater than 0.1 is not recommended. This is the equivalent of 0.01 lots initial trade on $10k account equity. In this case, the annual ROI (Return of Investment) can be expected in the 15-30% range
- The default settings are only for GBPUSD
- Recommended time frame M15
- The default settings can be classified as reasonably aggressive. Please, perform your own backtests and examine the way the EA works! If these settings are too aggressive for you, then you can try the conservative settings from here
- Recommended backtest method: M15 by every tick
- Fast backtest method: M1 open price
- Signal_1 - true/false to enable/disable Signal 1
- Signal_2 - true/false to enable/disable Signal 2
- Signal_3 - true/false to enable/disable Signal 3
- Signal_4 - true/false to enable/disable Signal 4
- Magic - magic number - it is extremely important to keep this different for all robots.
- EA_Coment - text which will be added as a comment to each trade opened by Grid Master PRO.
- MaxSpread - maximal allowed spread for position opening.
- LongTrades – true/false to enables/disables the long trades
- ShortTrades - true/false to enables/disables the short trades
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