BG Grid Limited

When it comes to forex trading, the choice of trading tools is paramount, and the BG Grid Limited software has emerged as a promising contender. As a counter trend Expert Advisor, this software employs standard indicators to navigate the market, offering both flexibility and adaptability to its users.

Multi-Pair Trading and Market Entry

One of the key features of BG Grid Limited is its ability to facilitate multi-pair trading. While traders are recommended to use 10 currency pairs concurrently, the software avoids placing 10 orders immediately. Instead, it waits for the right set of indicator readings before entering the market. This ensures the software focuses not just on the quantity of orders, but also their quality and timing.

Flexible Settings and Loss Limits

The software also comes equipped with loss limits in the form of a standard stop loss. The user has the freedom to limit the number of orders opened for each trading instrument, offering a level of control that can match individual trading strategies and risk appetites. Moreover, the software allows the limitation on the number of traded instruments, further tailoring the user’s trading experience.

Indicator Settings and Trading Strategy

Every user of the BG Grid Limited software is given an open choice to select the settings of the indicators and the trading strategy. Whether it’s scalping or long-term trading with larger goals, the software caters to diverse trading styles. For added convenience, ready-made set files are provided for each currency pair. The recommended timeframes are M30 for the AUDCAD pair, and H1 for the other currency pairs.

Deposit Requirements and Risk Control

For safe trading with low drawdowns, it is advised to have a deposit of at least $5,000 or 5,000 cents on a cent account. However, smaller deposits of no more than 500-1000 dollars or cents are also acceptable, provided the settings are adjusted accordingly. For less experienced traders, the software provides individual settings for a certain deposit with a specific level of profitability and risk.

Understanding the Risks

It is important to note that the BG Grid Limited software employs certain ‘toxic elements’ such as averaging and increasing the lot to exit the drawdown. Therefore, all risks are calculated conditionally, based exclusively on historical data (backtests) since January 2014.

Customized Settings

To ensure the correct operation of the Expert Advisor, the settings include fields for commenting on orders and a unique number for the Adviser’s orders. There are also specific indicator settings for opening orders, and trading parameters, among others. These settings can be customized to suit the individual trading style and risk appetite of each user.

FAQ Section

Can I watch independent testing of this product?
Yes, independent testing results of the BG Grid Limited software is available on the forexroboteasy.com website.

Can I subscribe to updates on the results of testing this product?
Yes, the website offers subscriptions to updates on the testing results of this product.

Can I share my experience of using this product?
Absolutely! User feedback and experiences are valued and can be shared for the benefit of other traders.

In conclusion, the BG Grid Limited software, with its countertrend forex strategy and adjustable settings, presents a valuable tool for both novice and experienced traders. However, as with any trading tool, it is important for users to understand the inherent risks and use it responsibly.