Introduction
Welcome to the no-nonsense guide on using the Grid Breakout trading robot. You’ve read the glowing reviews and are probably ready to dive in. Don't get too excited, though. Let’s keep the expectations grounded. This guide will take you through installation, setup, and optimization based on our not-so-surprising experiences.
Installation and Setup
Alright, let’s get this show on the road. Downloading and installing Grid Breakout is as straightforward as it gets. Let’s break down the steps:
- Download Grid Breakout from ForexRobotEasy.com.
- Open your MetaTrader 5 platform.
- Navigate to File > Open Data Folder.
- Drop the downloaded EA file into the MQL5/Experts folder.
- Restart MetaTrader 5.
- Drag Grid Breakout from the navigator panel onto your desired chart.
You’ll see a bunch of settings pop up. Don’t panic. Here’s what you need to tinker with:
- Lot Size: Keep this conservative. Let’s not get too greedy.
- Grid Step: The distance between grid levels. Tweak based on the volatility of the asset.
- Stop Loss (SL) & Take Profit (TP): The default is fine, but can be adjusted for your risk appetite.
- Magic Number: Differentiate this EA from others you might be running.
Click OK and let it run. Easy enough, but don’t expect miracles.
Experience Using Grid Breakout
Let’s get real. While the backtesting and early results are promising, we've seen enough EAs to not get carried away.
User “ai725801” got good results with GBP/USD. We've tried it, and while it performs adequately, it doesn’t print money. If you think that, you’re in for a rude awakening.
Our runs show that Grid Breakout is effective during high volatility but can struggle in range-bound markets. SL protection is decent, but it’s not a foolproof ticket to avoiding losses.
Tips for Improvement
So, how can you make this thing work better? Here are a few tips:
- Pair Selection: Stick to high volatility pairs like GBP/USD or EUR/USD.
- Adjust Grid Step: Make it wider in volatile markets, narrower in stable ones.
- Regular Monitoring: Don’t just set and forget. Keep an eye on it, make adjustments based on market conditions.
- Combine with Other EAs: Diversification is key. Don’t rely solely on one EA.
No magic bullets here, just practical advice.
Source Code of Grid Breakout
Surprise, surprise. The original source code of Grid Breakout isn’t available. You’ll find it on MQL5, but it’s shrouded in mystery. However, don’t despair. Based on the descriptions and reviews, we’ve put together our own version.
Feel free to ask for the code in our community at easytradingforum.com, but remember, this is based on what we think Grid Breakout does.
Code:
You don't have permission to view the code content. Log in or register now.Download Grid Breakout Trading Robot from EASY Trading Team
Ready to give Grid Breakout a spin? Visit ForexRobotEasy.com for the detailed stats and download link.
If you have any questions or need more information on our version of the code, don’t hesitate to reach out. We’re here to keep your trading journey a bit more entertaining, if not profitable. Remember, we don’t sell the retail version, we just try to decode the magic behind it. Happy trading!