What is Grid Master PRO?
Grid Master PRO serves as the advanced edition of the widely-regarded EA BF Grid Master EA, featuring numerous enhancements aimed at improving its overall efficacy. This professional version introduces three additional trading strategies, which collectively boost potential profit margins. Furthermore, Grid Master PRO integrates a sophisticated time management system, a notification feature, a Friday Exit System, and an Advanced News Filter. It also includes extra parameters that enhance its adaptability, making it a versatile tool for traders. Specifically tailored for the GBPUSD currency pair, Grid Master PRO is a powerful and lucrative trading approach, though it can be effectively applied to other trading instruments when used appropriately. The use of grid-based trading strategies often stirs debate within the trading community. Additionally, the system incorporates a Money Management feature that allows users to define risk percentages, enabling the robot to automatically determine lot sizes based on the specified risk and available account margin. With the Advanced News Filter, traders can sidestep significant news events that may impact trading performance, ultimately increasing the system's profitability and minimizing drawdown risks. While this filter is deactivated by default, it offers customizable settings for precise control.
Pricing
Price Starts At:
$187 one-time payment
Integrations
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BF Scalper EA
The strategy is straightforward yet highly effective. The Expert Advisor (EA) utilizes breakouts from the Bollinger Bands to generate signals for entry and exit points. In our view, the Bollinger Bands stand out as the most exceptional technical indicator ever developed, and we extend our gratitude to Mr. John Bollinger for this innovation! Throughout our experience with various indicators and trading strategies, we have found that the Bollinger Bands excel at capturing market volatility for scalping purposes. The stop loss is typically set within a range of 20 to 60 pips. Traders can choose between a fixed take profit of 4-8 pips or allowing the exit logic to dictate the position management. The BB indicator plays a crucial role in determining exit strategies, closing trades regardless of whether the price surpasses the opposite Bollinger Band line, managed through the "BandBreakExit" parameter, which performs optimally within a range of minus one to plus one-two. The backtest results for our forex robot BF Scalper have shown promising performance on several currency pairs, including EURUSD, USDCAD, EURCHF, USDJPY, GBPCAD, GBPUSD, and USDCHF. Additionally, the EA features robust spread protection, which is essential; utilizing limit orders can lead to unpredictable spreads of 10 to 20 pips, and a single trade with such a spread can wipe out the profits from multiple successful trades, given that the average expectancy in this trading style typically ranges from 2 to 3 pips at best. Thus, ensuring the integrity of each trade is critical to maintaining overall profitability.
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Screenshots and Video
Company Facts
Company Name:
FXautomater
Company Website:
www.fxautomater.com/forex-robots/grid-master-pro
Product Details
Deployment
Windows
Mac
Training Options
Documentation Hub
Online Training
Video Library
Support
Standard Support
Web-Based Support
Product Details
Target Company Sizes
Individual
1-10
11-50
51-200
Target Organization Types
Mid Size Business
Small Business
Enterprise
Freelance
Nonprofit
Startup
Supported Languages
English