HFM information and reviews
HFM
96%
Octa information and reviews
Octa
94%
FXCC information and reviews
FXCC
92%
FxPro information and reviews
FxPro
89%
FBS information and reviews
FBS
88%
Vantage information and reviews
Vantage
85%

Asia Range Grid – Forex Expert Advisor

Asia Range Grid Expert Adviser utilizes a trading strategy with joins popular and widespread RSI Cross strategy with a Grid entry/exit system for EURUSD currency pair on from M5 and higher. The minimum recommended deposit is $1000, the recommended leverage is 500:1. 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.

The Asia Range Grid strategy combines the popular RSI Cross strategy with a Grid entry and exit system.

The strategy looks for entry signals by watching the Relative Strength Index (RSI). If the RSI drops to an oversold level, the strategy will place a buy trade.  Likewise, when the RSI rises to an overbought level, the strategy will place a sell trade.

The strategy then uses a grid system to determine further entry points. The user specifies an interval in pips, which establish a distance between grid lines. After the first position is open, should the market move through a new grid line, a new position is opened.

Positions are only closed one of two ways. Either an individual position will reach its take profit price, or the user defined session time will end which will close all the strategy’s open positions.

The following are inputs available in the application:

  • RSIPeriod – The number of bars used to calculate RSI
  • RSIOverbought – The overbought level of the RSI indicator used to create sell trades.
  • RSIOversold – The oversold level of the RSI indicator used to create buy trades.
  • LotSize – The size of each trade
  • GridSpacingPips – Distance between two grid levels.
  • TakeProfit – The take profit (limit) price, as defined by a number of pips away from the open price
  • MaxTradesPerSession – Maximum number of trades allowed to open during the session
  • StartTime – Start time of the session. Trades are only opened and closed during the session.
  • StopTime – Close time of the session. Trades are only opened and closed during the session.
  • MagicNumber – A unique identifier that allows the strategy to account for and manage its trades
  • MaxDeviation – The maximum slippage allowed (in pips)

Requirements

This Expert Advisor (EA) is only compatible with FXCM MetaTrader 4 software. It does not operate on MetaTrader 4 software provided by any other brokerage. In order to purchase or download the app, an FXCM live account is required. Once downloaded, the app can be used on both live and demo FXCM accounts.

Asia Range Grid EA Rating 5.7
Yield per annum 56.81%
Max drawdown per annum 22.17%
Developer FXCM
Created, year 2015
Free
Class middle term
Type trend
Lot size not less than 1000 units per 0.1 of a standard lot
Deposit $1000
Leverage 500
Timeframes from M5 and higher
Strategies Relative Strength Index strategy
Indicators RSI
Recommended brokers XPro Markets, Elland Road Capital, FxRevenues
Trading tool/currency pairs EURUSD
Automatic account type
Indicating
Multiple usage
Mini deposits
Max risk limitation
ECN
NDD
Several one-way series
Auto start lot
Fixed stop loss
Fixed takeprofit
Automatic lapse expansions

Expert Advisors 2024

# Forex Advisor Deposit Yield
1FXCipher$30010%
2CarinaBot$10052.32%
3Fortnite$500135%
4Tickeron AI robot$100117%
5Learn2Trade$1000160%
6Auto Recovery EA$10037%
7Coinrule$1000270%
8Forex Trendy$25090%
9FX BlasterPRO$1000180%
10Waka Waka$10074%
11Renko EA$10041%
12EliteFxgo$100030%
13Stairsteps EA$10029%
141000pip Climber System$50077.3%
15Happy Breakout EA$1008.5%
Forex EAs Rating
Forex EAs Guides

Top Forex Brokers 2024

# Broker For Reviews
1 HFM Information & Reviews HFM 96%
2 Octa Information & Reviews Octa 94%
3 FXCC Information & Reviews FXCC 92%
4 FxPro Information & Reviews FxPro 89%
5 FBS Information & Reviews FBS 88%
6 Vantage Information & Reviews Vantage 85%
7 MultiBank Group Information & Reviews MultiBank Group 84%
8 XM Information & Reviews XM 82%
9 FP Markets Information & Reviews FP Markets 81%
10 AMarkets Information & Reviews AMarkets 79%
11 Errante Information & Reviews Errante 77%
12 IronFX Information & Reviews IronFX 77%
13 T4Trade Information & Reviews T4Trade 76%
14 RoboForex Information & Reviews RoboForex 76%
15 Exness Information & Reviews Exness 76%
400+ Forex Brokers
Forex Brokers Reviews

Editors' Picks

The Top Forex Expert Advisors 2024: Performance, Strategy, and Reliability Review

An annual roundup reviewing the most successful Forex Expert Advisors (EAs) based on their performance, strategies employed, reliability, and user feedback. This piece would provide insights into which EAs have been market leaders and why.

The Evolution of Forex Expert Advisors: Navigating the Path of Technological Revolution

The concept of automated trading has been around for decades, but the accessibility and sophistication of Forex EAs have seen significant advancements in the past few years. Initially, automated trading systems were rudimentary, focusing on simple indicators like moving averages.

The Impact of EAs on Forex Trading: A Double-Edged Sword

By enabling continuous, algorithm-based trading, EAs contribute to the efficiency of the Forex market. They can instantly react to market movements and news events, providing liquidity and stabilizing currency prices through their high-volume trading activities.

MultiBank Group information and reviews
MultiBank Group
84%
XM information and reviews
XM
82%
FP Markets information and reviews
FP Markets
81%
FXTM information and reviews
FXTM
80%
AMarkets information and reviews
AMarkets
79%
BlackBull information and reviews
BlackBull
78%

© 2006-2024 Forex-Ratings.com

The usage of this website constitutes acceptance of the following legal information.
Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website (reviews, brokers' news, comments, analysis, quotes, forecasts or other information materials provided by Forex Ratings, as well as information provided by the partners), including graphical information about the forex companies, brokers and dealing desks, is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Forex Ratings shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about the forex companies. The entire responsibility for the contents rests with the commentators. Reprint of the materials is available only with the permission of the editorial staff.
We use cookies to improve your experience and to make your stay with us more comfortable. By using Forex-Ratings.com website you agree to the cookies policy.