Chart: GBP/USD Timeframe: 15M
"Grid strategy with pending entries based on ATR or static step. A controlled Lot Multiplier can be utilized if desired. Parameters can be optimized to suit your trading style."
Features listed on the website include:
- Money management
- Equity protection
- ATR configurations
- Lot Multiplier
- Auto day filter
- Auto news filter
- FIFO compliant
- No Hedging
There are 2 versions a basic version and an enhanced version. The basic version is FREE but will not be updated.
If you like the basic version you may want to give the enhanced version a try. This version is $39.95, or $4.95 for a 1 month trial.
The enhanced version features:
- ATR optimisations- Additional entry options
- Several grid/step options
- Extra backup news filter
- Reversal strategy added
- Breakout strategy added
- Up to 2x extra profit
Backtests are available on the site, here are the tests. Basic backtest and Enhanced Backtest. There is also a running live account which is not doing very well as of this writing. Check this out
There seems to be a trend in Forex trading with grid trading systems on the Gbp/Usd. You may want to play around with the free basic version, but I would not trade any one of these on a live account. Too risky indeed.
