Grid EA Pro RSI MT4

As a professional grid advisor, Grid EA Pro RSI MT4 operates on the basis of RSI (Relative Strength Index) indicators. It is equipped with a function that reduces the drawdown on the account by overlapping unprofitable orders, thereby enhancing the Forex trading strategy. The software also provides a visual display of profit information, which aids in Forex market analysis.

Optimized Settings and Broker Recommendations

For optimal performance, it is suggested to use the default setting for currency pairs like GBPUSD and GBPJPY on the H1/M5 timeframe. ECN brokers with low spread such as IC Market, Exness, NordFX, FXPRIMUS, Alpari, and FXTM are recommended for optimal results.

Combining with Buy Sell Signals

The Grid EA Pro RSI MT4 can be combined with Buy Sell Signals for trend following. It also has features that allow users to select Buy Only or Sell Only, enabling the software to work semi-automatically. This adds to the flexibility of the Forex trading tools, providing traders with more control over their trading activities.

Key Features and Options

The Grid EA Pro RSI MT4 is equipped with numerous features and options that enhance the Forex trading strategy. These include:

• MAX_ORDERS: Defines the maximum number of orders.
• RSI_PERIOD: Determines the period for calculating the relative strength index.
• UP_LEVEL and DN_LEVEL: These represent the upper and lower bounds respectively.
• RSI_TIMEFRAME: Specifies the timeframe for the calculation.
• START_LOT and LOT_MULTIPLIER: These are used to set the initial lot and the lot multiplier in the order grid, respectively.
• MAX_LOT: Sets the maximum lot.
• STEP_ORDERS and STEP_MULTIPLIER: These are used to determine the order grid step and the order step multiplication factor, respectively.
• MAX_STEP: Specifies the maximum order grid step.
• OVERLAP_ORDERS and OVERLAP_PIPS: These options enable the order overlap function and determine the minimum profit in pips for closing unprofitable orders, respectively.
• STOPLOSS and TAKEPROFIT: These are used to set stop loss and take profit in pips.
• BREAKEVEN_STOP and BREAKEVEN_STEP: Determine the level and step of breakeven.
• TRAILING_STOP and TRAILING_STEP: These are used to set the trailing stop level and step.
• MAGIC_NUMBER and ORDERS_COMMENT: Set the magic order number and comment.
• START_TIME and END_TIME: Determine the time at which it is allowed to open orders.

Product Testing and Updates

Users interested in the Grid EA Pro RSI MT4 can watch independent testing of this product on the forexroboteasy.com website. Subscription to updates on the results of testing this product is also available, providing users with up-to-date information on the product’s performance.

Share Your Experience

If you have used the Grid EA Pro RSI MT4 software, feel free to share your experience. Your insights could help other traders in their decision-making process and strategy planning.

FAQ

What is Grid EA Pro RSI MT4?

Grid EA Pro RSI MT4 is a professional grid advisor that operates based on RSI (Relative Strength Index) indicators. It aims to reduce the drawdown on the account by overlapping unprofitable orders.

How does Grid EA Pro RSI MT4 work?

It uses a range of features and options such as MAX_ORDERS, RSI_PERIOD, UP_LEVEL, DN_LEVEL, RSI_TIMEFRAME, and others to enhance Forex trading strategies and provide traders with more control over their trading activities.

Where can I watch independent testing of Grid EA Pro RSI MT4?

Independent testing of this product can be viewed on the forexroboteasy.com website.

Can I share my experience with Grid EA Pro RSI MT4?

Yes, users are encouraged to share their experiences with the software to help other traders.

Remember, this is an independent product review. Grid EA Pro RSI MT4 is a product that can be found and utilized by any trader looking to enhance their Forex trading strategy.