Grid trapping

[teldon]

i was thinking of this idea ....

need some modification to this EA .

suppose the price is at x .... i need say 20 buystop orders above x and 20 sellstop orders below x with say 10 pip gaps between each order.

place a huge takeprofit but no stoploss..

there should be a function which monitors the profit when it goes to say 30 pips close the whole grid and restart.

[waltini]

MakeGrid ea

This ea does all those features, the only thing it doesnt do is automatically restart. You will have to restart it manually.

That strategy works a lot of the time but when it doesnt it gets real nasty!

[waltini]

Check this thread

Here is the original thread at sbfx and I think at post 59 there is a word doc which explains all the functions.

http://www.strategybuilderfx.com/showthread.php?t=15936&page=8&highlight=grid

[teldon]

If we can have a smaller profit target , and the EA stops trading when that target is reached i think the draewdown can be kept to a minimum. do a manual calculation and you will see.