BG Grid Limited

Overview:

BG Grid Limited is a countertrend Expert Advisor (EA) that utilizes standard indicators for market entry. It offers flexible settings suitable for multi-pair trading.

Recommended Usage:

It is suggested to simultaneously trade up to 10 currency pairs. However, the EA will only enter the market based on specific indicator signals. The EA includes a standard stop loss for managing losses and allows the trader to control the number of orders per instrument and the total number of instruments traded.

Customization Options:

Users have full access to customize the indicator settings and trading strategy, including choosing between scalping and longer-term trading with larger targets. Ready-made configuration files are available for each currency pair.

Timeframes and Minimum Deposit:

For AUDCAD, use the M30 timeframe, and for other pairs, use H1. To minimize drawdowns, a minimum deposit of $5,000 or 5,000 cents on a cent account is recommended. Smaller deposits are possible, but the settings need adjustment accordingly.

Individualized Settings:

For traders lacking sufficient experience, customized settings can be provided based on their desired level of profitability and risk tolerance.

Risk Management:

The EA employs averaging and lot size escalation to manage drawdowns. These strategies involve inherent risks, which are assessed based on historical data since January 2014.

Usage Guidelines:

The EA should not be used with default settings for trading or testing. Instead, utilize the set files provided in the discussions section.

Basic Settings:

RSI and MA Filter: Indicator settings for market entry.

Trade Parameters: Trading-related parameters.

Average Lots Koeff: Coefficients for averaging each individual order.

Average TP: Take-profit for a group of orders. Different values can be set for varying numbers of open orders within the same group.

OrdersComments: Must be consistent across all set files for correct operation.

DopComment: Field for order comments. The currency pair name is pre-set in the included set files.

Auto_4_digits: Use true for five-digit quotes and false for four-digit quotes.

OpenPlay: Alert notification displayed upon opening a new order.

Magic: Unique identifier for the EA's orders.

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