Grid Blazer Forex Robot

Use this Grid bot with drawdown protection, make money, and sleep well at night

A realiable Grid system for any trader; configurable for high, medium or low risk

Grid systems tend to have a bad reputation among many traders. The reason for this is probably two-fold.

Firstly, and most importantly, most investors who have tried grid trading, did not work with the right kind of risk management, and ended up being taught an expensive lesson. Secondly, for some people out there, grid trading is not as elegant as studying Fibonacci levels, or timing entry points based on vast amounts of theory.

The truth is that any Grid system or Martingale-based strategy, is indeed Russian Roulette, unless a risk management system is in place.

The ForexCove Grid Blazer makes use of a maximum drawdown feature, giving you control of the total risk you wish to undertake, regardless of your account size.

This Forex robot also gives you the ability to control the direction of your trading, allowing it to open both buy and sell trades, or one or the other.

Additionally, you can select pip step, volume exponent, maximum spread and average take profit. This provides you with granular control, making it versatile. Set it to trade with moderate multiplication rates, or be more edgy and go for quick returns with higher risk.

Regardless of your preferred currency pair and timeframe, the Grid Blazer is a powerful tool for the modern investor. Correctly configured, it can yield very high returns!

 

 

Sample Trading Results

Backtested on several currencies, timeframes and with the use of tick data.

Grid Blazer Features

A breakdown of the strategies employed, the reasoning behind trades, and the selection of indicators being used by the algorithm.

Design & Operation

In this section you can learn more about the gist of the robot, our general design decisions, along with modes of operation.

Trading Logic

When both buy and sell feature is enabled, the Grid Blazer Forex robot does not rely on direction. Rather, after a candle closes, a trade is opened. If the candle closes higher, a buy trade is opened. Conversely, if the candle closes lower, a sell trade is opened. When stoploss is hit, the robot continues to open trades, based on pip step and multiplier, each time repositioning the take profit level. When take profit is hit, the bot restarts.

Modes of Operation

Automatic and semi-automatic

Risk Management

Maximum Drawdown feature. Set the maximum drawdown in %, after which the robot will close all open positions and pause for a number of minutes as determined by you.

Platform
cTrader for Windows up to version 3.3

Indicators used

Our Forex robots use a number of different indicators. Here you will discover which indicators have been utilized with this one.

Candle Open/Close

Positions are opened on the basis on last candle close.

General Recommendations

All bots should be optimized and backtested on a regular basis. Still, here we provide you with our current tips and advice for optimal results.

Ideal Market Conditions

This bot fares well in diverse markets, but works best in sideways-moving markets, taking advantage of the wavy nature of price development, and the constant urge to retrace.

Currency Pairs

Any currency pair can be used. The more range-bound, the better.

Timeframes

There are no specific recommendations for timeframes. We have achieved excellent results with all popular timeframes such as:

M1
M5
M10
M15
M30
H1
H4
H12
D1

Threats and Opportunities

Threats

In extreme market conditions, price can soar or plunge. Under normal circumstances retracements occur even here. However, if no or little retracement takes place, the new take profit level may not be reached, resulting in the maximum drawdown level being hit.

Opportunities

In clearly range-bound market scenarios, huge profits can be made as the grid system does not rely on direction.

What makes our candles tick

We love what we do, and want you to have the best possible experience in the wonderful world of Forex trading. That’s why we do the following:

We value your money

We take utmost pride in valuing, firstly, the capital you intend to invest, secondly, the money spent with us!

Battle-tested Forex Robots

All our Forex algos have seen real-life action i.e. have been tested on live accounts.

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Attention to detail

Our customers are center stage, at all times. We frequently do follow-up talks for feedback and support.

Delivery

cTrader robots are delivered instantly. Selected MT4 Robots are Build to Order with a 7-day delivery time.

Serious Backtesting

We only backtest with tick data. This means our backtests are truly representative of potential results.

Money-back Guarantee

We offer an iron-clad 30-day money-back guarantee provided you send us an explanation why.

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