Description
This EA focuses on the 1-minute time frame, which allows for high trading frequency and the ability to take advantage of numerous trading opportunities throughout the day. This has the potential to increase profitability and maximize profits.
Using this high-frequency grid trading EA on the 1-minute bar of GBPAUD, you can benefit from the trading logic based on the RSI indicator. It is designed to identify potential trading opportunities and execute trades accordingly, providing a systematic approach to trading in the Forex market.
However, it is important to note that grid trading type EAs come with inherent risks. One important factor to consider is your operating account balance. Having too low a balance is dangerous and can result in significant losses.
Take advantage of this powerful tool to enhance your trading strategy and potentially increase your profitability. However, always remember to remain vigilant, manage your risks effectively, and ensure you have sufficient balances to withstand potential market fluctuations.
Attach an EA to the M1 chart of GBPAUD on MT5.
▼parameter settings
| Lot_Size |
Minimum 0.01 lot ~ Please set according to your account balance. |
| Magic number |
Normally, there is no problem with the default setting. This is the number that identifies this EA order within the account. If you use multiple EAs in one account, please set the magic number so that it is not the same as another EA’s magic number. |
Since this EA holds multiple positions, it cannot tolerate drawdowns if the account balance is too small or the lot size is too large.
Also, the higher the account leverage, the better, and 1:200 or higher is recommended.
The recommendation is to start with 1000 USD and 0.01 lot. Be cautious about increasing lot size. Foreign exchange markets change rapidly and involve risks.
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Be sure to enter 335377 as the Introducing Broker ID.
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