Grid Trading EA
It seems that if you do grid trading on uncorrelated currency pairs it is much safer than on one currency pair, as the only time when you loose with grid trading is when there is a big trend (like now with the EUR/USD).
Qwer123,
Please check this link http://www.strategybuilderfx.com/forums/showthread.php?t=15936
Thank you mangman!
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I was reading the post about grid trading in Oanda's forum and I was interested, if there is an Expert Advisor that makes grid trading? As it seems to be very easy to code, if you know how to (I don't know how to).
Grid trading seems to be the following: let's say EUR/USD chart, you place small limit buy orders at every 20 pips with take profit of 20 pips and no stop losses.
You do the same with the same values, but with limit sell orders.
If you need some more information, you can find it here:
http://www2.oanda.com/cgi-bin/msgboard/ultimatebb.cgi?ubb=get_topic;f=15;t=002524
and also here:
http://www2.oanda.com/cgi-bin/msgboard/ultimatebb.cgi?ubb=get_topic;f=15;t=003696