In the piggy bank of the AMarkets broker, which is a partner of the FxCash rebate service, the advisor to the advisor of ReticoloFX is on the last step in profitability. On a test account for 6 months, he showed a profit of 7.36%. But on the professional forums of traders it is on the contrary attributed to a number of very interesting and profitable. Back in 2012, the robot belonged to the category of toll (about $ 200. USA). Today it is so popular that you can download it for free.
Advisor ReticoloFX – grid strategy on any trend
The principle of operation of this advisor is based on the formation of a grid of orders in the direction of a strong price chart, followed by hedging (insurance) of the position. The whole basket of open positions (multi-currency adviser and works simultaneously with several currency pairs). The task of the trader is to set the parameters of the grid and risk management and this can be done only by experience, there are no universal setting tips.
The principle of the advisor ReticoloFX:
- A position opens in the direction of a strong price direction every X points (grid step set by the trader). The grid step is directly proportional to the asset’s volatility;
- in parallel, all open positions are hedged, that is, opened in the opposite direction. Instead of averaging tactics, the expert uses the principle of increasing, that is, the next position along the trend opens in an increased volume.
At the time of the flat, the messenger is better to stop, because hedging takes the lion’s share of potential profit. On a strong trend, its direction is not critical – the robot works both for the growth and decline of quotations.
- currency pairs – any, ranging from liquid, to “exotic”;
- timeframe – H4;
- order grid by currency pairs – 3 or 7 pairs.
The uniqueness of the robot is the ring grid for currency pairs that form the basket. More clearly, what is meant is shown in the figure.
Depending on the set of currency pairs, the adviser is divided into components: 2 baskets and 6 rings. In order not to get confused about which advisor for which pair, one more figure is shown below.
There is no need to adjust the code or refine the adviser – it is complicated, therefore there is a chance to break its structure. An important condition for working with a robot is compliance with risk management: 0.01 lots per 1000 units for each basket or ring. When working with all 8 rings, the deposit must be at least 8000 units, therefore a cent account is more suitable for this adviser, since not every trader is willing to invest at least $ 8,000 in trading. United States.
Summary. Advisor ReticoloFX is another non-standard robot from which you can squeeze much more than the results stated on the test account. Its only drawback is the need for constant monitoring, but the robot relieves the psychological load perfectly. Settings change at the time of trading. They may seem difficult at first due to a lack of understanding of the principle of forming baskets and a ring net. Follow our design and don’t be afraid to experiment. The recommended testing period is 150-200 transactions.