Best Free Grid Master EA
Best Free Grid Master EA is One of The Most Successful Free Expert Advisor
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!
BF Grid Master EA is Equipped with Features, like
Overbought-oversold trend filter
Long only and short only option
Second line of recovery option
Add on reverse option
- The minimum starting capital is $1000
- The advised starting capital is $3000
- 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.
- The default settings are only for GBPUSD !!!
- The recommended time-frame is M15!
BF Grid Master EA Settings
Here are the EA parameters:
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
.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.
If you use the automatic installer of BF Grid Master EA all the .set files will be automatically installed in your MT4 terminal. In this case you don't need to download them manually.
BF Grid Master EA 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.