Trading robot: Diamond Grid Trader Expert Advisor
This robot trades on Metatrader 4 or 5 platform, within price ranges set by the user, measured from the last historical peak on daily charts. It works best for trading indices. When the price falls to a lower range, the robot starts trading a new pool of long positions, waiting for the more expensive long positions to become profitable. Transaction security is ensured by a sufficient level of capital accumulated in the account as a buffer to withstand index drawdowns. In this case, the signals come from a special indicator adapted to Renko charts.