BreakOut Grid

In the vast landscape of Forex trading tools, the BreakOut Grid software stands out, combining the principles of Grid Trading and Forex Scalping. This expert trading software uses a grid of ten pending orders, five for long and five for short, with a 500 point spacing between them and a 100 point scalp target.

Three Modes of Operation

The BreakOut Grid operates in three distinct modes, each with its unique strategy. The first is the entry by level mode which triggers the software’s operation when the price approaches an important trade level such as a former resistance or support. The second mode is the entry by time, which launches the software at a specific time as set by the user. The third mode is the continuous operation, where the software starts immediately and restarts after all orders are closed.

It’s important to note that only one of the three entry types can be used at a time per one symbol and magic number. However, all three entry types can be used on one symbol if different magic numbers are assigned.

Stop Function and Recovery Function

The BreakOut Grid software also incorporates a stop function after one round of operation. This function, defined by the “Continue” parameter, can be particularly useful when important news are known to be released, combined with the entry by time type of entry.

Another notable feature is the Recovery Function. This uses lot size amplification in order to achieve profit but also increases the chance for larger drawdown.

Partial Profit and Recommended Pairs

The software also offers a Partial Profit feature that closes all orders when the input value in points is reached. While this feature is safer, it also means potential profits are smaller.

The recommended pair for this software is GBP/USD and it works best on the H1 timeframe.

Independent Testing and User Experience

Users interested in the BreakOut Grid can watch independent testing of this product on the forexroboteasy.com website. Subscriptions for updates on the results of testing this product are also available.

Users are invited to share their experience of using this product, contributing to a pool of unbiased user reviews.

FAQs

What is the BreakOut Grid?
The BreakOut Grid is a Forex software that combines the principles of Grid Trading and Forex Scalping. It uses a grid of ten pending orders with a 500 point spacing between them and a 100 point scalp target.

What are the modes of operation?
The software operates in three modes: entry by level, entry by time, and continuous operation. Only one mode can be used at a time per one symbol and magic number.

What is the recommended pair for this software?
The recommended pair for the BreakOut Grid is GBP/USD.

Where can I watch independent testing of this product?
Independent testing of the BreakOut Grid can be watched on the forexroboteasy.com website.

Note: This is an independent product review written in the third person. The text does not contain the words “our” or “my” product.