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Great Greedy Gridder

30 USD

Demo downloaded: 23

Published: 24 August 2024

Current version: 7.0

Great Greedy Gridder

Experts
Chong Lip Phang
Version: 7.0
Updated: 17 September 2024
Activations: 10

Warren Buffett famously said: "Be greedy when others are fearful. Be fearful when others are greedy." This expert advisor captures the very essence of this wisdom.

Indeed, since 1871, the U.S. stock index S&P500 has been growing at an average annual rate of 10%. That is why Warren Buffett has been advocating investing in it.

This EA boosts the annual return to 150% (or 8% monthly) by utilizing a grid approach. Simply attach it to the S&P500 chart (or "US500" / "US500Cash" for some brokers) and watch the magic. It will take care of different contract sizes, minimum lots, equities, price levels etc. Attaching it to different symbols such as NAS100 and XAUUSD may work too, but not as well.

You may not see profits for months during a bearish stock market. Please allow the EA to run for at least three months. The minimum recommended capital is $300.

There are good reasons to believe the EA will work exceptionally well in the coming years as the Fed will be cutting rates.

As for the input settings, I would recommend sticking to the default parameters, because they are the result of rigorous backtesting. Their precise meanings are a trade secret. In general, decreasing distance and wait, while increasing batchO, batchC, overshoot, power, and expiryDays would increase the risk and return. You are encouraged to carry out your own backtesting (eg. with a genetic search) on MT5.

Should you be interested in obtaining the source code, please PM me. I am ready to let it go at USD100. You will need to create a Freelance project on this MQL website.

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Version 7.0 2024.09.17

implemented the magic number

Version 5.0 2024.08.26

updated the trade comment

Version 4.0 2024.08.24

fixed min lot for different brokers.

Version 3.0 2024.08.24

fixed a minor bug due to trade comments