AlexM

In the world of Forex trading, efficiency, accuracy, and strategy are crucial. The AlexM Grid Forex Software offers an innovative approach to optimal currency trading. This review will delve into the functionalities, strategies, and nuances of this unique system.

Understanding the Grid Forex Trading System

AlexM is a grid trading system that utilizes RSI indicators and Bollinger Bands for optimal performance. It capitalizes on the price’s return to the average value to make profitable trades. The software is designed to trade with the currency pairs AUDCAD, AUDNZD, and NZDCAD, using the M15 timeframe. A unique feature of AlexM is that it can be installed on only one chart to trade all symbols.

Dynamic Lot Sizing and Risk Management

A key feature of AlexM is its ability to adjust lot sizing according to your preferred risk level. You can select between Fixed lots, Dynamic lots, or Deposit load. The former uses a fixed lot size, while the latter two automatically calculate the risk based on your balance/equity or deposit load percentage.

The software also features a maximum allowable trading lot, along with settings for maximum spread and maximum slippage for a non-ECN account. These functionalities ensure that your trading activities remain within your comfort zone.

Efficient Trading Strategies

With AlexM, you have the flexibility to allow hedging and trading on holidays. It also permits buy/sell trades. Should the floating drawdown exceed the specified percentage, the software will automatically close open positions, preventing further loss.

The software’s strategies are based on Bollinger Bands and RSI indicators. The Bollinger Bands period is used to calculate high/low levels, while the RSI period filters trades with little potential. This combination ensures the selection of trades with a high probability of success.

Grid Settings and Trading Distance

AlexM offers a minimum step in pips between grid trades. It also features a Smart Distance function that adjusts the trading distance based on market volatility. The software allows you to set multipliers for subsequent trades, thereby controlling the grid’s growth. The grid’s stop loss and take profit levels can be set according to your preference, providing further control over your trades.

FAQ Section

What is the maximum number of trades per grid?

AlexM allows a maximum number of trades per grid, which can be defined by the user.

Can AlexM trade on holidays?

Yes, AlexM has a feature that allows trading on holidays.

Does AlexM allow hedging?

Yes, AlexM allows opening multidirectional trades for one symbol, i.e., it allows hedging.

What happens if the floating drawdown exceeds the specified percentage?

If the floating drawdown exceeds the specified percentage, AlexM will automatically close open positions.

How does AlexM manage lot sizing and risk?

AlexM allows you to select a lot sizing method according to the risk you want to take. It also features settings for maximum spread and maximum slippage for a non-ECN account.

For an independent testing of this product, visit the forexroboteasy.com website. You can also subscribe to updates on the results of testing this product. We invite readers to share their experience of using this product. Remember, this is an independent product review aimed at providing accurate and unbiased information to potential users.