Asia Range Grid Expert Adviser utilizes a trading strategy with joins popular and widespread RSI Cross strategy with a Grid entry/exit system. The strategy searches for entry signals by monitoring the Relative Strength Index (RSI). If the Relative Strength Index falls to the oversold level, the algorithm places a buy trade. Similarly, if the Relative Strength Index rises to the level of overbought, the algorithm places a sell trade. The trading strategy applies a grid system to ascertain the consequent entry points. The trader determines the interval in pips, this makes the distance between grid lines. When the position is open, if the market has to go through a new grid line, the adviser opens a new position.
|Lot size||not less than 1000 units per 0.1 of a standard lot|
|Timeframes||from M5 and higher|
|Strategies||Relative Strength Index strategy|
|Trading tool/currency pairs||EURUSD|
|Yield per annum, %||56.81|
|Max.drawdown, % per annum||22.17|
|Automatic account type|
|Max risk limitation|
|Several one-way series|
|Auto start lot|
|Fixed stop loss|
|Automatic lapse expansions|
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