Forex Krimbler Grid Expert Advisor

Forex Krimbler Grid Expert Advisor review:

Krimbler Grid is a simple and easily customizable Expert Advisor based on Grid trading strategy. Krimbler does not use indicators, it does not analyze the market. Its settings are very basic and straightforward – you should set only distance in pips for buy/sell stop orders and take profit.

Features

  • The EA evaluates every bar, not every tick.
  • The EA does not place stop losses.

Test results:

Forex Krimbler Grid Expert Advisor

Parameters:

  • No New Orders – prevent the EA from placing new orders.
  • Lots – lot size.
  • Magic Number  MagicNumber for order identification.
  • Currency – very important setting to make the EA work properly. The right value depends on your account currency and currency pair. For example, for USD account – setting for EURUSD pair should be 1.33, for USDJPY pair – 1. For example, for RUR account – setting for EURUSD pair should be 47, for USDJPY pair – 33 (use current exchange rates).
  • Slippage  allowed slippage.
  • Pips to Place Buy/Sell Stop Orders  distance to place buy/sell stop orders.
  • Take Profit: Amount in Currency  take profit (amount in currency); grid size is based on this value.
  • Manual Buy Price (optional) – the price for placing initial buy orders can be set manually here.
  • Manual Sell Price (optional) – the price for placing initial sell orders can be set manually here.

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Installation

Copy and paste the file into the MQL4 Experts folder of the Metatrader 4 trading platform.

You can access this folder from the top menu as follows:

File > Open Data Folder > MQL4 > Experts (paste here)

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