The Reversal Smart Grid employs multiple timeframe analyses to identify potential pullbacks within the Forex market. By targeting these market pullbacks on the lowest timeframe (M1), traders aim to maximize their profit potential. Backtests conducted over a period of more than 17 years have demonstrated stable and long-term profitable results. The primary goal is to achieve long-term compounding profits while maintaining manageable drawdowns at specific times.
Base pairs recommended for this strategy include AUDNZD, NZDCAD, and AUDCAD, with GBPNZD as an additional option. Users are advised to install the Expert Advisor (EA) on M1 charts for each of these pairs.
Installation Process
To install the EA effectively, it should be attached solely to M1 charts for the pairs AUDNZD, NZDCAD, and AUDCAD, with GBPNZD as an additional option. It is crucial to enable web requests for the news filter by allowing requests to: https://ec.forexprostools.com.
Important settings to configure include:
Money management: Automatic risk management setting for lot size calculations
Max spread: Filter to avoid excessive spreads
Minimal and maximal price target: Defines the range in points for auto target price
Minimal and maximal grid distance: Defines the grid distance in points
Maximal multiplier: The highest multiplier used, e.g., 30 times the first lot
Grid take profit: The profit in points for grid trades
Minimal grid profit: The minimal take profit in points for grid trades
Minimal grid profit after: The minimal grid profit after a specified number of positions
Equity stoploss: Enable or disable with a specified stoploss percentage
News filter: Enable or disable for low, medium, high, and NFP impact news with separate settings
Account Setup and Recommendations
The minimum deposit required is $1,000. For lower balances, it is advisable to use a cent account and set up four pairs: AUDNZD, NZDCAD, AUDCAD, and GBPNZD, with money management settings around ±3000 (lower settings imply higher risk). For ECN accounts, users should set up three pairs: AUDNZD, NZDCAD, and AUDCAD.
It is important to note that a higher minimum deposit reduces risk. For balances greater than $1,000, the same money management setting ±3000 applies, and users should set up four pairs: AUDNZD, NZDCAD, AUDCAD, and GBPNZD. Using a VPS is recommended to ensure the EA runs 24/5.
Key Features and Parameters
The Reversal Smart Grid includes several critical features and parameters:
Automatic risk management for lot sizes
Max spread filter to avoid large spreads
Auto target prices with defined minimal and maximal points
Grid distances for setting minimal and maximal points
Grid trading take profit settings
Equity stoploss options with customizable percentages
News filter for various impact news
These features and settings are designed to optimize the trading strategy and manage risk effectively.
FAQ
Q: What pairs are recommended for the Reversal Smart Grid? A: The recommended base pairs are AUDNZD, NZDCAD, and AUDCAD, with GBPNZD as an additional pair.
Q: What is the minimum deposit required? A: The minimum deposit is $1,000. For lower balances, using a cent account is advisable.
Q: Can the EA run 24/5? A: Yes, it is recommended to use a VPS to ensure the EA runs continuously throughout the trading week.
Q: How can I enable the news filter? A: Enable web requests to the URL: https://ec.forexprostools.com to activate the news filter for low, medium, high, and NFP impact news.
Independent testing results for the Reversal Smart Grid can be viewed on the forexroboteasy.com website. Users are also encouraged to subscribe for updates on the testing results and share their experiences with this product.
Write review