Golden Grid MT5

Golden Grid MT5

opens buy orders between the end of the European/American trading hours and the beginning of the Asian trading hours. If an initial order cannot be closed with a take-profit signal, additional orders are opened with increased order volumes upon renewed buy signals. In the event of a subsequent pullback in the market price, the average profit/loss is calculated across all orders. If the take-profit target is reached, all orders are closed, regardless of their current profit or loss.

Since the underlying recovery strategy is generated by a grid algorithm and the goal is to avoid potentially high losses, all orders are assigned a fixed stop loss.

To achieve a result similar to that of the attached backtest, a backtest with 100% "real ticks" ("Every tick based on real ticks") must first be performed before starting live trading. A backtest with "every tick" or with less than 100% is useless and does not lead to real results!

Furthermore, the best results can only be achieved with top brokers and ECN accounts with minimal spreads. To ensure full transparency regarding the quality of a brokerage account, you should never use an "all-in-one" account, where spread, swap, and commission are hidden in the total spread. Disclosing the swap and commission costs has the additional advantage of knowing exactly how high the spread actually is with that broker. Also, don't forget that there are not only negative but also positive swaps, such as those found with IC Markets/IC Trading for XAUUSD short orders.

Furthermore, installation on a low-latency VPS is a basic requirement for uninterrupted operation. The recommended minimum capital deposit for 1:100/500 accounts is $1,000. For accounts with 1:30, $3,000.

Golden Grid MT5 is preconfigured and requires no additional set files. Simply select the desired risk limit and let it run.

>>> Channel: https://www.mql5.com/en/channels/01be7ce9c7a4db01