Free Wolfgrid EA – Best Free Forex Trading Robot
Table of Contents
This is a free version of Wolfgrid EA. Unlike the full version, some functions are disabled and the parameters cannot be changed. Lot size is set to 0.01.
Free Wolfgrid EA – Description
Wolf Grid EA is a profitable Forex Robot using customized indicators to identify trend reversals. The entries are usually accurate and in case if the trend reverse with a delay the positions will be managed by a smart grid system.
This trading system uses a grid of orders which increases lot size after the stop loss is reached. The grid size is limited for more safety.
In order to get better profit an automatic trailing stop has been implemented to assess the best trailing stop value based on the volatility of prices.
It includes a security filter which prevent the possibility of getting into an unexpected trend without rollback caused by a new release.
Wolfgrid EA Free – Requirements
- Optimized to work with EURUSD for timeframe M15
- Minimum recommended deposit is $1000 for initial lot set to 0.05
- ECN broker with low spread is recommended to get better results
- Use only 5 digits account
Wolfgrid Expert Advisor – Inputs
- Lot Factor – lot factor for the second and subsequent orders;
- Take Profit – take profit;
- Stop Loss – stop loss in account currency;
- Grid Stop Loss – size of stop loss;
- Max Grid Size – number of orders max to open at the same time
- Auto Trail – true if you want to activate the automatic mechanism of trailing stop. Otherwise false
- Trail Distance – trailing stop distance (only for non automatic trailing stop);
- Max Lot – maximum lot for the EA operation;
- Max Spread – maximum spread allowed before a pending order triggers;
- Magic Number – magic number to distinguish orders from other EA's