Guide Settings for your Grid Trend Multiplier
It is always tricky using a trading Robot (Expert Advisor) for the first time and you are not always 100% sure how it should be set up. Below are some guides toward settings you could consider for the Grid Trend Multiplier.
These settings are based on using the Non Directional, Random Forex trading technique. They assume that an account of using 400:1 leverage. We do not recommend that you use an account with less leverage.
These setting are provided as guides and Expert4x assumes no responsibility for the results of using these settings - there is always a failure risk if the market trends excessively. Also never stop using your Forex trading experience and knowledge although this is an EA - always treat an EA as a trading tool.
Currency classification
Each of the settings below should be matched with currencies according to the risk posed by the different currencies. In general the bigger the potential range of a currency ,the riskier the currency when using small gaps when GTM trading
GROUP 1 - low range and volatility currencies
EURCHF, EURGBP, USDJPY, AUDNZD
GROUP 2 - medium range and volatility currencies
EURUSD, USDCAD, USDCHF, AUDUSD, GBPUSD, GBPCHF, EURCAD, NZDUSD, EURJPY
GROUP 3 - high range and volatility currencies
AUDJPY, GBPJPY, EURJPY, GBPUSD, NZDJPY, GBPNZD, EURNZD, GBPAUD, GBPCAD
General Comments on the settings below
- When trading the Non Directional Grid Trend Multiplier don't suggest you use the Account Risk control settings as it is better to withdraw gains than close the whole trading structure.
- When trading the Non Directional Grid Trend Multiplier don't suggest you use the Gap Scaling settings as they reduce with the multiplier efficiency
- The bigger the Gap used, the more risk is reduced, but more finance is required and the fewer times the multiplier will cash in successful trades.
- The Non directional strategy can either be traded until you receive a margin call or until you have made enough money. In both cases you would extract gains as and when they are made. Please use this link for more information. Random Strategy or Video
- Even using the Maximum Open deals setting which allows you to follow the trend there is a likelihood of any currency trending at some stage, so use and maintain an account that is not too big so that excess gains can be withdrawn regularly and that your losses will not be too big. Work on 1 loss account to 4 ones that generate gains.
- Please make sure you have a general understanding of how the Grid Trend Multiplier works and should be used by using the Articles and Videos on this link COURSE
- The GTM is traded in our PAMM account offering - the main difference in the PAMM trading is that no maximum open trade setting is used and that open deals are manually pruned more often - this produced optimal results.
High frequency Cash in Strategy with a small range
The setting on the left are appropriate to the following assumptions:
Account size: $400 using 0.01 lot sizing
Trading Range envisioned: +/- 240 pips or 16 open trades
Funding used for trading range: $ 160
Possible Margin Call range: +/- 500 pips
Currencies:- Not recommended for Group 3 currencies
Aggressive for Group 2 currencies
Best used for Group 1 currencies
These settings provide good a good opportunity for the multiplier to cash in between 5 to 15 times day for GROUP 2 currencies and lower frequencies for GROUP 1 currencies.
In Summary: The setting on the left should be good for a $400 account that uses Group 1 or Group 2 currencies that are expected to trade in a range of 240 pips. It the currency starts trending and reaches 450 to 500 pips there is a strong chance of a margin call. If the currency stays in the anticipated range it should be profitable in 3 to 5 weeks when excess gains should be withdrawn in $100 batches.
Medium frequency Cash in Strategy with a bigger range
The setting on the left are appropriate to the following assumptions:
Account size: $600 using 0.01 lot sizing
Trading Range envisioned: +/- 360 pips or 12 open trades
Funding used for trading range: $ 240
Possible Margin Call range: +/- 700 pips
Currencies:- Not recommended for Group 1 currencies
Aggressive for Group 3 currencies
Best used for Group 2 currencies
These settings provide good a good opportunity for the multiplier to cash in between 3 to 9 times day for GROUP 2 currencies and Higher frequencies for GROUP 3 currencies.
In Summary: The setting on the left should be good for a $600 account that uses Group 2 or Group 3 currencies that are expected to trade in a range of 360 pips. If the currency starts trending and reaches 700 to 800 pips there is a strong chance of a margin call. If the currency stays in the anticipated range it should be profitable in 3 to 5 weeks when excess gains should be withdrawn in $150 batches.
Low frequency Cash in Strategy with a larger range
The setting on the left are appropriate to the following assumptions:
Account size: $800 using 0.01 lot sizing
Trading Range envisioned: +/- 560 pips or 12 open trades
Funding used for trading range: $ 360
Possible Margin Call range: +/- 900 pips
Currencies:- Not recommended for Group 1 currencies
Conservative for Group 2 currencies
Best used for Group 3 currencies
These settings provide good a good opportunity for the multiplier to cash in between 2 to 6 times a day for GROUP 3 currencies and higher frequencies for GROUP 2 currencies.
In Summary: The settings on the left should be good for a $800 account that uses Group 2 or Group 3 currencies that are expected to trade in a range of 480 pips. If the currency starts trending and reaches 900 to 1000 pips there is a strong chance of a margin call. If the currency stays in the anticipated range it should be profitable in 3 to 5 weeks when excess gains should be withdrawn in $200 batches.
Some advanced settings for more experienced traders
To give your settings a bias in a certain direction you could increase the gap settings in the against the tend direction and decrease the Gap in the with the trend direction. This will give you more multiplier Cash ins in the direction of the trend.
We do not recommend that you change the buy or sell lots sizing. The Gap size difference will achieve much more.
Only use this option if you are confident about the long term direction of the price movement. It will not work if you constantly change gap sizes
Questions and Answers
Please send us any questions you may have about the above suggested settings
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I get a Bonus from my Broker. Do I include that as part of my account balance? It would be best to base your account size on the actual money deposited and exclude the bonus
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