MintyGrid

MintyGrid Forex Software is a unique automated forex trading tool that diverges from the norm in various ways. Unlike many others in the market, it does not rely on indicators or market averages to guide its trading decisions.

MintyGrid’s Unique Approach to Trading

This software employs a distinct approach to forex trading. They have done away with using market averages and indicators. Instead, MintyGrid is always in action, buying or selling, depending on the market situation.

When it comes to winning trades, MintyGrid employs a configuration-based profit-taking strategy. This means that the profit margins are predetermined by the users themselves in the configuration settings. This strategy allows for more control over the trading process and potential profits.

MintyGrid’s Strategy for Losing Trades

In situations where trades are not winning, MintyGrid uses a unique grid strategy. This strategy involves setting up resistance points using a martingale/reverse-martingale strategy. The purpose of this is to prepare the software for any market swings in the opposite direction. This strategy is aggressive and effective, but it does come with its risks.

Flexibility and Compatibility

One of the major selling points of MintyGrid is its flexibility. The software can be configured to run on multiple currency pairs simultaneously. It will continue to function as long as the currency pairs are similar in price. This feature makes it an ideal tool for anyone involved in multi-currency trading.

However, it’s worth noting that running MintyGrid alongside other Expert Advisors (EAs) is not recommended. The software works best when it’s run on its own trading account with no more than 10% of the user’s assets. So, it’s advisable to use only assets that users are prepared to potentially lose.

Understanding MintyGrid’s Configuration Parameters

There are several configuration parameters that users can tweak to suit their trading preferences. These include:

• minInitialRiskFactor: This is the initial risk factor, which is a percentage of the risk base by minimum lot.
• profitFactor: This is the profit factor, which is a percentage of the risk base.
• lotMultiplier: This is the grid step martingale lot multiplier.
• lotDeviser: This is the grid reverse martingale lot deviser.
• gridStep: This is the grid step price movement percentage.

Disclaimer

While MintyGrid is an effective forex trading tool, it’s important to remember that it’s not foolproof. Users need to understand that their entire account balance can be at risk, as MintyGrid does not use stop losses. Therefore, it’s crucial to employ proper risk management strategies when using this software.

Independent Testing and Updates

Users can watch independent testing of this product on the forexroboteasy.com website. They can also subscribe to updates on the results of testing this product. This is a great way to keep abreast of how the software performs under different market conditions.

FAQ

Can MintyGrid be used alongside other EAs?

No, it’s not recommended to run MintyGrid alongside other EAs. It’s advised to run MintyGrid on its own trading account.

Is there any risk involved in using MintyGrid?

Yes, as MintyGrid does not use stop losses, your entire account balance can be at risk.

Can MintyGrid be used for multi-currency trading?

Yes, MintyGrid can be configured to run on multiple currency pairs simultaneously.

We invite readers to share their experience of using this software. Your insights could be valuable for other traders considering this tool. Remember, this is an independent product review, and your honest feedback is appreciated.