EA Grid M4

EA Grid M4: A Scalping Strategy

Introduction

The EA Grid M4 is an EA designed for M4 that follows a grid-based scalping strategy. In this article, we’ll explore the key aspects of this strategy, including minimum deposit requirements, recommended timeframes, supported currency pairs, and more.

Strategy Overview

Minimum Deposit

• To use the EA Grid M4, a minimum deposit of $500 is recommended. This ensures sufficient capital to withstand potential drawdowns.

Timeframes

• The strategy operates on multiple timeframes, specifically M5 (5-minute) to H1 (1-hour) charts. Traders can choose the timeframe that aligns with their risk tolerance and trading preferences.

Currency Pairs

• The EA Grid MT4 is optimized for the following currency pairs:
  • EURUSD
  • GBPUSD

Platform

• The EA is compatible with the M4 platform. Traders can install the ea on their M4 terminal.

Trading Approach

• The EA Grid M4 employs a grid-based scalping approach. Here’s how it works:
  1. The EA identifies the largest volume in the market.
  2. It determines entry levels based on price movements.
  3. Market orders are executed when price crosses these levels.
  4. The EA builds a two-sided grid of orders, adapting to market conditions.
  5. Each direction of orders (buy and sell) operates independently.
  6. Take-profit levels are set to capture profits.

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Additional Resources 

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