Best Free Grid Master EA is One of The Most Successful Free Expert Advisor

Best Free Grid Master EA

 WARNING:  BF Grid Master EA is a grid based trading strategy. You should not use it, if you are not aware of the risks associated with this type of trading. Do not risk money, you cannot afford to lose!

BF Grid Master EA is a very effective and profitable trading strategy developed especially for the GBPUSD currency pair. However, if it is used wisely it can be adapted and applied for almost any trading instrument.

The grid based trading techniques are a very controversial topic in the trader’s community. The reason for this is the following - used properly with proper risk and settings, they can generate consistent gains relatively safe with performance incomparable with any other trading strategy. On the other hand in certain circumstances they fail dramatically. The key elements for the success of any grid based trading are the applied risk and the right entry and exit trading logic.

BF Grid Master EA is designed to pick up the right moment for the initial market entry and for the following additional grid based recovery trades. The second safety line of additional trades is an unique feature, which is not present in any other grid EA on the market. This feature allows a safe “high frequency” scalping, when the price is in narrow range and as well a second line of distant drawdown compensating trades in case the market price breaks in the wrong direction. The second line of drawdown compensating trades is initiated only in extremely stretched in the “wrong” direction market, only after a very strong market reversal pattern is detected.

Probably, the safest way of using grid based trading strategies is to determine wisely the most probable trading direction and allow trading only in this direction.

Please, backtest on GBPUSD after 2009, using the “M1 open price only” method, with start balance at least $3000!

Best Free Grid Master Live Performance

Best Free Grid Master EA
You can check Best Free Grid Master EA Live performance in FULLY VERIFIED MYFXBOOK ACCOUNT by clicking over the charts.

BF Grid Master EA is Equipped with Features, like

  • overbought-oversold trend filter
  • additional time filter
  • ong only and short only option
  • add on reverse option
  • second line of recovery option

IMPORTANT NOTES

  1. The minimum starting capital is $1000
  2. The advised starting capital is $3000
  3. For accounts from significant importance, AutoMM greater than 0.1 is not recommended. This is the equivalent of 0.01 lots initial trade on $10k account equity. In this case the annual ROI (Return of Investment) can be expected in the 15-30% range.
  4. The default settings are only for GBPUSD !!!
  5. The recommended time-frame is M15!

BF Grid Master EA Settings

Here are the EA parameters:

  • Magic - unique identifier of the EA
  • EA_Comment - with this parameter you can change the EA comment in the trading history
  • MaxSpread - maximum allowed spread in pips
  • Slippage - maximum allowed slippage(works only for non-ECN brokers)
  • NFA - use true for NFA regulated brokers
  • No_Hedge - use true in order to disable the hedging
  • LongTrades - enables/disables the long trades
  • ShortTrades - enables/disables the short trades
  • M1_Execution - enables/disables the execution of the trading logic on M1 bar open
  • BetterPricePips - minimum allowed distance between any of the additional trades and the previews trade in pips
  • MaxNegAdds - maximum allowed number of the first line additional trades
  • AddOnReverse - activates a mode in which the additional trades are allowed only after a reversal bar is detected
  • ReverseBarTF - the timeframe of the reversal bar for the AddOnReverse feature
  • ForceProfit - market exit profit in pips
  • ForceLoss - market exit loss in pips
  • FixedTakeProfit - fixed take profit in pips
  • FixedStopLoss - fixed stop loss in pips
  • OscPer - the oscillator period on the M15 timeframe
  • OscLev - the entry overbought and oversold level on the M15 timeframe
  • OscPerHiTF - the oscillator period on the H1 and H4 timeframes
  • OscLevHiTF - the entry overbought and oversold level on the H1 and H4 timeframes
  • TrendFilterON - switches on and off the MA based trend filtration
  • MA1_Per - the period of the first moving average
  • MA2_Per - the period of the second moving average
  • Trade_StartHour - start trading hour
  • Trade_EndHour - end trading hour
  • FixedLots - fixed lots value of the initial trade
  • AutoMM - with values greater than zero activates the proportional automatic money management function – as an example the default value AutoMM=0.2 means that the initial trade will be 0.02 lots on $10000 account equity
  • AutoMM_Max - maximum allowed risk value
  • K_Mart - lot size multiplier for the first line additional trades
  • RecoveryProfit - exit profit in pips in case a recovery trade is opened
  • RecoveryAfter - minimum distance in pips between the first recovery trade and the previews additional trade
  • RecoveryTrades - maximum allowed number of recovery trades
  • RecoveryTradesDistance - minimum distance in pips between the recovery trades
  • RecoveryRiskMultiplier - lot size multiplier for the recovery trades

NOTE: Some of the parameters described in this section can be hidden or locked(disabled) in the free version. They are unlocked and available in the PRO version. For a complete list of parameters and functions, please check the Grid Master PRO: https://www.fxautomater.com/forex-robots/grid-master-pro

Showing Second Line Recovery Trade

Below you can check the backtest result of our forex robot - BF Grid Master EA - on the following currency pair GBPUSD

Best Free Grid Master EA Backtest Result

GBPUSD

Period: 2009-2018

Risk: Default

Deposit: $2000

Best Free Grid Master EA Backtest on GBPUSD

.Set Files For Each Supported Currency Pairs

The default settings of Best Free Scalper EA are optimized for GBPUSD currency pairs. Below you can find individual .set files for the supported currency pairs. If you want to use the robot on other pairs please download the .set files from below list and load them correctly in the robot settings.

  • .Set file GBPUSD [Alternative Settings] - Download

BF Grid Master EA is COMPATIBLE WITH MAC OS and Windows OS!

BF Grid Master is compatible with MAC OS and Windows OS

BF Grid Master is compatible with the most well known and used Operating Systems Mac OS + Windows OS. Our developers have been working very hard to adapt BF Grid Master to be compatible with all popular Operating Systems. Mac OS and Windows are the most popular OS around the world and therefore we have developed BF Grid Master to be compatible with them.


BF Grid Master EA

Download BF Grid Master EA

If you want to trade with BF Grid Master EA you can download it by clicking the button below. You must be logged in your profile first! If you don't have a profile yet, you can register for free from the Registration page.

DOWNLOAD BF Grid Master EA

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Disclaimer U.S. Government Required Disclaimer – Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Clearly understand this: Information contained within this course is not an invitation to trade any specific investments. Trading requires risking money in pursuit of future gain. That is your decision. Do not risk any money you cannot afford to lose. This document does not take into account your own individual financial and personal circumstances. It is intended for educational purposes only and NOT as individual investment advice. Do not act on this without advice from your investment professional, who will verify what is suitable for your particular needs & circumstances. Failure to seek detailed professional personally tailored advice prior to acting could lead to you acting contrary to your own best interests & could lead to losses of capital.

*CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.

By using FXAutomater's products, you acknowledge that you are familiar with these risks and that you are solely responsible for the outcomes of your decisions. We accept no liability whatsoever for any direct or consequential loss arising from the use of this product. It's to be noted carefully in this respect, that past results are not necessarily indicative of future performance.