Introduction to Grid Trend Reversal: A Professional's Review
As a seasoned MQL5 trader and programmer, I've seen more than a fair share of trading algorithms. Most of them come with a lot of hype and excitement and promise to revolutionize your trading experience overnight. That's why when I heard about Grid Trend Reversal MT5, I was skeptical at first. However, give credit where it is due, our user san50jay, currently testing this bot with an excellent rating of 5, claims that this bot has been fantastic for capturing trend trades. So, let's dive deeper into the mechanics of this bot, including its installation, my usage experience, and a bit of advice to enhance its functionality.Installation and Setting Up of the Grid Trend Reversal
To install and set up Grid Trend Reversal, firstly, visit the provided URL https://forexroboteasy.com/trading-robot/grid-trend-reversal/. Download and save the .ex5 file to your local MQL5/Experts directory. Restart your MT5, navigate to Navigator > Expert Advisors and find the Grid Trend Reversal bot. Drag and drop it onto the chart of your chosen currency pair and time frame.Ensure that 'Auto Trading' is enabled in your MT5 platform before running the bot.
Just like any other trading robot, Grid Trend Reversal requires a bit of tinkering around to get the settings right. Start with the developer's recommended parameters, and gradually adjust them based on your risk appetite and the behavior of the chosen currency pair in the demo account.
Experience of Using Grid Trend Reversal
While Grid Trend Reversal has been delivering promising results as per our user's fantastic experience, I'd recommend not to rush into a live trading right away, as Sanjay suggested. Keep testing it on a demo account for a couple of weeks to understand its behavior in different market conditions.The bot employs a grid strategy to capture trend reversals with tight stop loss. This approach can deliver impressive results when the market is trending. Keep in mind; it might struggle in a ranging market due to the possibility of 'grid deathlock'.
Advice for Improving the Functioning of Grid Trend Reversal
To avoid Grid Trend Reversal underperforming in a ranging market, it might be worth manually disabling it during times of known consolidation or when high impact news is due.The Source Code of Grid Trend Reversal
It's common knowledge that the exact source code of Grid Trend Reversal, sold on MQL5, is unknown. However, I've created an example code based on the bot's description from the MQL5 site. Please bear in mind, this is a general approximation and is provided by easytradingforum.com.
Code:
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