GRID Idea - Coder needed!

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Hi Folks,

I have on system work well on my accounts and so i started to study other strategies and found some interesting...

The gridtrading, heged!

My idea...

1. Start a grid from 1.0000 to 2.0000 in 10 pips distance, with pending orders. So we are sure that we catch all the price range.

2. The orders should be open in a distance from 10 pips, one long one short, TP is ever 10 pips, SL is ever 5 pips.

3. If price hit, lets say 1.2520, booth opens.

4. Price went up to 1.2533, so we win the long order with 10 pips and lose the short with 5 pips ---> means 5 pips Profit. When the shortorder, opend @ 1.2520, stoped out a new one have to be opened @ 1.2520. Same vice versa!

MEANS: The only time, when @ a 10 pip step is no pending order open, is when the orders are in the market!

Got it?

My thoughts: The only thing that can blow out this system is when the price is ranging between 1.2520 (every time hit new short order opened) and 1,2529 (long order still open because close is @ 1,2530). And this will happen very rarely. This can be avoided if the EA is trading only in the EUR Session (if we use it on €/$

What do u think about it?

The pain is i´m not able to programming such EA´s and the EA Building Sites are also not able to code Grid EA´s

Can somebody here help me?

Regards,

Andi

 

Grid EA

Hi Andi,

Were you able to obtain a programmer to code your Grid EA? What has been the overall performance of your strategy? I tried it live for the 1st time last night. At one point I was nearly +100 pips, but eventually settled for +45 pips. I am trading EU during the London and New York markets. I believe EU to be the only currency pair that couples both a low spread (about 1 pip) with sufficient dynamic price movement to work with the SL5 TP10 hedge orders.

Thanks for sharing. Please respond back as I am looking forward to continue trading this strategy.

Bob in Wisconsin

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