RSI GridMaster Settings – Trading Strategy – March 5, 2024
In this article, we share the setup file of RSI GridMaster Expert Advisor.
The default settings represent a relatively low risk strategy that works for all three recommended pairs using fixed lots. However, I will share some additional settings here. Testing was conducted on the IC Markets platform, with a one-year test on real ticks and a longer test on each tick.
In a grid strategy, it is recommended to take profits periodically. News filtering is not applied to testers, but time filters can be used to further mitigate risk.
In the long run, the H1 period has lower benefits but lower risks.
You can easily mitigate the risk of this setup by lowering the risk level or using a fixed lot size. The recommended risk level is 1 or less.
Product page:
https://www.mql5.com/en/market/product/111435?source=Site+Market+My+Products+Page
GBPUSD 2023-2024.03. High risk m5 period:
Set file name: GBPUSD
GBPUSD 2023-2024.03. Low/Medium Risk H1 Period:
Set file name: GBPUSD2
GBPUSD 2019-2024.03. High-risk H1 period:
Set file name: GBPUSD3
EURUSD 2023-2024.03. High risk m5 period:
Set file name: EURUSD
EURUSD 2023-2024.03. High risk m5 period:
Set file name: EURUSD2
EURUSD 2019-2024.03. High-risk H1 period:
Set file name: EURUSD3
AUDCAD 2023-2024.03. High risk m5 period:
Set file name: AUDCAD
AUDCAD 2023-2024.03. High risk m5 period:
Set file name: AUDCAD2
AUDCAD 2019-2024.03. High-risk H1 period:
Set file name: AUDCAD3
Test it out and customize it to your needs. Happy trading!
