Asia Range Grid uses a trading strategy that uses a combination of popular and popular RSI Cross strategy and Grid entry/exit system. The strategy searches for signals for entry points by tracking Relative Strength Index (RSI) values. If this index falls below the “oversold” level, the algorithm of the Expert Advisor places a deal to buy. Similarly, if the index rises to the level of “overbought”, the Expert Advisor places a trade order to sell. A trading strategy uses a grid system to define a series of entry points into the market. The trader defines the interval in points, and he makes the size of the “grid” cell. When a position is opened and the market crosses a new grid line, the Expert Advisor opens a new position.
Asia Range Grid – detailed information
|Type of Expert Advisor||trendy|
|Size of the lot||no less than 1000 pips for 0.1 of the standard lot|
|Size of deposit, $||1000|
|Timeframes||from M5 and above|
|Strategies||Relative Strength Index|
|Yield, % p.a.||56.81|
|Max. drawdown, % p.a.||22.17|
|Autonomous account type|
|Maximum risk limit|
|Many series in one direction|
|Automatic start lot|
|Fixed Take Profit|
In connection with the popularization of automated trading, many investors ask themselves what is a Forex Expert Advisor? First of all, it is a special program required to manage the trading process automatically, i.e. without the trader’s participation. A trader invests in the robot in advance, a kind of algorithm, the conditions on the basis of which the subsequent market activity is carried out.
When you trade manually, you need to analyze the market yourself, take into account the forex forecast for the current day, forex news and choose the entry points to the market. However, it is also possible to trade automatically, using special programs that do most of the work for a trader – forex advisors.
Trading involves obtaining a great deal of knowledge – understanding the functioning of the market and various nuances, including the ability to apply technical and fundamental analysis. Forex Expert Advisors, i.e. the programs used for automatic trading, cannot help it.