The Everlasting Grid scalper advisor works on any currency pair on M15 timeframe (low spread currencies are preferred). It employs moving averages to find the trend and set orders. If it was an error then the robot creates an order to restore the grid to recover losses. Each position is closed after the profit target that is specified in the parameters has been attained.

Requirements​

  • Optimized to work with EURUSD M15.
  • The minimum recommended deposit is $3000.
  • A low spread ECN broker is recommended for the best results.
  • Supports 4 and 5 digit quotes.
  • Any broker can use it, including US brokers that have FIFO requirements.

Settings​

  • Slippage - slippage, default 3.
  • ProfitFactor is a dynamic ratio based on the currency and the size of the lot.
  • StartingLotSize - starting lot size, default 0 (minimum allowed lot used).
  • LotSizeIncrement - the amount that determines the size of each grid lot is increased.
  • FixedLotSize - if you select a value to use a fixed lot size (this option results in a lower drawdown and a lower risk).
  • Grid Distance Grid Distance - the distance of the grid in orders to recover.
  • Margin Amount The maximum margin for the grid order.
  • Magic number - the magic number.
The following settings are suitable for EURUSD with the balance of $10,000.
Author
Best Forex Ea
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