This expert advisor uses grid strategy. The system has a drawdown limitation and will not allow you to have these infinitely increasing losses, which you can encounter using other grid strategies. FXEURGrid is focused on working with just one EURUSD currency pair. Because of the popularity of this currency pair it often has the smallest spreads (commission) on any broker, and eventually you will get more money because of that. The EA is compatible with any MT4 broker and has no special requirements for the broker to be able to trade profitably. The trading robot is easy to install and configure – that was the developer's plan to create something truly useful and convenient. The only thing that you need to do is to specify the desired risk (percentage) and choose one of the 3 trading modes (Safe, Normal, Aggressive).
FXEURGrid has the following minimum deposit requirements:
- Safe mode $3000 ($300 for micro and $30 for cent accounts)
- Normal mode $2000 ($200 for micro and $20 for cent accounts)
- Aggressive mode $1000 ($100 for micro and $10 for cent accounts)