Hamster Grid EA work according to RSI ( Relative Strength Index ) indicators. It has the function of reducing the drawdown on the account by overlapping unprofitable orders (grid). EA doesn’t trade very frequently (once a day). when the Hamster Grid EA algorithm opens a new order it will either close its profit or use the grid method(if the trade goes negative) until that order bucket makes a profit.
- Price from the author USD:
- Price AlieBay USD:
If you want you can manually open an order. EA will try to trade it according to its grid method but it’s not recommended. it’s best to let the EA algorithm to decide when to open the trade. But it’s good to deactivate EA before a big movement.
I believe this “Hamster Grid EA” is a copy (renamed) of “The King EA” or vice versa. Either way both the same. Because both EA has very similar Input Parameters, result, and an MQL5 salse page.
- Minimum account balance of 500$(it could work even with 100$ if you can keep an eye on big movement/news )
- Work best on EURUSD (work good on any major pair)
- Work on H1 Time Frames
- Recommend running this Free Forex EA 24/5 on a VPS