Tuesday, January 22, 2013

Fx Ranger | Forex Basket Grid Style

Hi guys, I saw this one in my inbox today and I thought I would share it. This appears to be a basket trading gridder similar to the Forex Envy. There is a section on the website for backtests but when I navigate there the page is empty. I guess this section is still under construction.

I see there is a Demo forward test with 1000USD. Below is the widget for us to follow its performance.



This system trades about 10 currency pairs. At time of writing the system had many open positions all adding up to -2000 pips floating. In order to run this successfully one must have a large account trading small lots. This is very common for these types of strategies. 

The strategy is outlined below.

FX-Ranger is a Trading strategy designed for trading simultaneously on a combination of currency pairs. 20-30% a month is a reasonable return using this EA. Users may increase or decrease the profit target but we recommend the default settings as we have tested the settings.

If you are a fan of grid traders, you may want to check this out.