Trading Robots for MetaTrader 4
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MetaTrader 4
Top Rated Products MT4
Overview
Most traders are familiar with the concept of grid trading. It involves placing buy and sell orders at regular intervals above and below a set price, creating a “grid” of trades. While this method has its merits, Royal Blue EA takes a subtle approach to the methodology.
Instead of simply using a grid-based system as a crutch to navigate the uncertainties of the forex market, Royal Blue EA capitalizes on existing market inefficiencies. Instead of retroactively fitting the EA to mirror past data – a common pitfall many traders fall into – the design logic behind this EA is to leverage real, tangible market mechanics. The system isn’t just a “hit and miss” play but a calculated mechanism to maximize profitability.
Recommendations for Royal Blue EA
- Minimum Account Balance of 300$ in 1:500 leverage or 1000$ in 1:100 Leverage.
- AUDCAD is recommended, and If your broker uses a suffix (e.g. AUDCAD.a), you should update names in the Symbol parameter.
- This EA is one chart setup, so it’s only needed to attach on one pair. It will trade on all pairs described on the input parameter.
- Work Only on M15.
- MT4 cannot perform multi-currency backtests, So when you backtest this EA, you only get the result of the pair you tested.
