Spider EA is a real safe, but profitable grid forex robot. It has various excellent features that make this EA safe, but profitable at the same time.
Regular forex EA's with grid method work well in a short or middle term, but after the market starts a big trend, they fail, causing margin call. That's what makes this EA unique!
Spider EA is very profitable at USD/CAD currency pair, generating decent profits. It has a well defined entry-point to enter the market, which makes this EA very efficient. It does not trade continuously, the EA will start trading only if market conditions are appropriate. Risk level and take profit is fully adjustable, giving the users a feel of comfort. But that's nothing!
Whenever the market starts trending, the built in hedge modul swithces on, which can lift back the equity from drawdown. You can fully customize your exit strategy, defining at which point the EA may start hedging and at which point the hedge entries should become risk-free. With this extra feature, this EA generated decent profit during 2008 - 2009, while the world economy was under the strong crisis.
But if you wish to use Stop Loss instead of the hedge function, it's also available in Spider EA.
A new security element was implemented: the stop loss possibility has been missing from the EA till now, because so far the EA fought against drawdown with hedging and maximum number of layers. Due to the high customer request, we decided to build SL possibility into the EA, which is specified as a (user) given % of the account balance. The old features remained as they were, so we can make Spider EA as safe as possible.