How does the “GRAIL ROBOT ” work?
The EA works in a different way depending on the broker, e.g. ECN or MM, spread, platform, etc.
It always opens trades the same way when prices move suddenly, but closing the trades depends on the broker or strategy chosen. For example you can close trades by: Take Profit, Stop Loss, Trailing Stop, by elapsed time, like after 2, 5, 10 minutes, or invisible Trailing Stop or when prices move back, etc. This Robot is quite complex, that’s why it can deal with many brokers, platforms, spreads, etc.
Does the “GRAIL ROBOT” work with ECN brokers?
ECN brokers have fast price feed and the spread changes constantly, so it is quite difficult to place profitable orders, but recently my programmer and I succeeded to create an ECN version of the ROBOT. We tested it with a number of ECN brokers and it works quite well with some, but not all of them.
“GRAIL ROBOT” works best with brokers with low spreads, slow price feed and instant execution. Although generally ECN brokers are regarded as most reliable, not all systems work well with them and some Market Makers are very reliable too. I strongly advise you to open demo and real accounts with a few brokers. Don’t stick to one broker only, no matter how good it is. Check your systems as well as the “GRAIL ROBOT” with a number of brokers, not only one. Opening a new account doesn’t take much time, but can give you enormous advantages.