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.
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%|
|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|
|Automatic account type|
|Max risk limitation|
|Several one-way series|
|Auto start lot|
|Fixed stop loss|
|Automatic lapse expansions|
|4||Odin Forex Robot||57%|
|7||FX Classic Trader||335%|
|1||Metatrader 5 Trading Platform|
|2||MetaTrader 4 Trading Platform|
|3||cTrader Trading Platform|
|5||MetaTrader 5 Mobile Trading Platform|
|6||MetaTrader 4 Mobile Trading Platform|
|8||ZuluTrade Trading Platform|
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