This EA is currently the upmost recommended EA from forexindonesia.org. This EA uses a grid buy and sell system with certain level distance and lot multiplier. It’s basic concept relies on the zigzag movements of the forex market price, even the most steep price movement is likely to be followed by a rather big retrace movement. So this EA will constantly take profit on the movement direction and do a semi martingale system trade on the reverse direction. Once the price movement retraces or reverses, the semi martingale system will take its profit.

Every trade having a martingale-like system is vulnerable to a giant-one direction movement. Sometimes the retrace movement is not big enough, or just not as big as we expect them to be. In this case, target on trades should be deployed. FXID 1 is equipped with an equity-target stoppage system, the one preventing FXID 1 to enter dangerous position should the big movement continues. FXID 1 will close all of its trades once the target equity is reached, and then restart itself to a fresh buy-and-sell position, ready to face the market once more.

That is not all, FXID is also equipped with a filter. A “normal price range” filter. Once the price goes up too high or drops down too low, this filter plays its role. It will prevent FXID 1 from entering buy position if the price is above “normal” and prevents entering sell position if the price is below “normal”. This is our way to protect FXID 1 from having a buy on top and sell on bottom position, resulting a big draw down of equity.

You can find the calculation of the endurance of FXID 1 here. The calculation is made on the basic setting of FXID one, designed for GBPUSD pair. You can see that in the extreme movements of 1000 points without retracement the FXID 1 can still survive having 6% of its initial balance as free margin.