Forex EA Robot Trading Blog

I strongly urged those who demo the v3 use this settings.

Broker FXDD. If you use other brokers, please change the server time.

1. EURUSD (this setting is good if u like to scalp 20 pips a day)

TakeProfit = 20
StopLoss = 154
UseHourTrade = true
StartHour = 5 (IBFX time=2)
EndHour = 23 (IBFX time=20)
OnlyOneOrderPerDay = true

2. USDJPY
TakeProfit = 25
StopLoss = 69
UseHourTrade = true
StartHour = 7 (IBFX time=4)
EndHour = 9 (IBFX time=6)

OnlyOneOrderPerDay = true

3. EURGBP
TakeProfit = 16
StopLoss = 161
UseHourTrade = true
StartHour = 12 (IBFX time=9)
EndHour = 23 (IBFX time=20)
OnlyOneOrderPerDay = true

Labels: 10pipspro, settings, version 3

Q. What are the best conservative settings for the CarryGrid EA if I am only
trading the GPB/JPY? I was wondering if it would be better if I closed out the
trades that were losing a little or let the computer program do what it is
designed to do. If you could just list the settings and then tell me what each
button that runs the ea is that would be helpful. I have used ea's before. I
just am a little unsure of how to set up the internal setting properly.

1. To be conservative, the key settings are;
   LotSize - automatic lot sizing is pretty safe, you can go even lower manually
2. Risk Level - keep this at 1
3. GridMesh - a wider gridmesh is safer
4. TrailingStop - this should usually match gridmesh, but you can tighten or widen as you please
5. GridMaxOpen can be used to set a limit of open positions. This is becoming redundant with v5, as the trailing stop means we are unlikely to have many positions open, except when we have a fast run up, in which case we would like to have lots of profitable positions open!
6. Stoploss - you can assign a stoploss for each position in pips. Stoplosses wreck accounts if used badly, so be sure to give yourself enough room to ride out the waves in the market. Though if a tsunami is on the way you will be glad you had a 'get me out of dodge' stoploss.

The program does a good job of locking in profits with v5, but a human may be better, depending on their reading of the market.

Labels: CarryGrid EA, settings