PZ Grid Trading EA
Grid trading is an efficient mechanical trading strategy which has no reliance on direction, profits from volatility and uses the intrinsic wavy nature of the market. Grid trading refers to the trading approach which uses fixed price levels to enter and exit trades in one or both directions. Such trades, generally spaced at 20-200 pip intervals, create a trading grid. Grid trading has several advantages.
- Easy to set up and supervise
- No indicators or hard analysis needed
- Grid trading is time-frame independent
- Requires little forecasting of the market
- Extracts money out of the market regularly
PZ Grid Trading EA has a set of unique features:
- You decide which direction to trade: long, short or both
- The EA can manage buy and sell grids simultaneously
- Grids can be optionally resetted at certain profit levels
- Grids can be closed or paused at the trader's discretion
- It doesn't trade open ended grids, exposure is limited
- The grid configuration can be changed on the fly
- No pending orders are placed: only market orders
- Risk and exposure are pre-calculated and displayed
- Grids can operate using different behaviors
- It works for forex, CFDs and futures
Grid trading is a powerful tool, but...
- It can appear complex and illogical initially
- Like most powerful tools, it is also dangerous
- Poorly managed grids can cause big drawdowns
- It requires more patience than regular trading
- It may require traders to make a paradigm shift
What is grid trading?
Grid trading has become very popular amongst traders because it does not use stops, is highly mechanical, has no reliance on direction, uses the intrinsic wavy nature of the market, does not require indicators or charts to trade and can be easily automated. Grid trading refers to the trading approach which uses fixed price levels to enter and exit trades. A grid is nothing more than a single deal or position segmented into several trades, which are cashed-out independently from each other at regular intervals.
Download the user guide
To learn how to trade grids and use this EA, kindly download the user guide.
For a full description of each input parameter, please read the user guide.
Arturo Lopez Perez, private investor and speculator, software engineer and founder of Point Zero Trading Solutions.
- Added different grid behaviors (Averaging, Classic, Dynamic, Paused, Strict)
- Added phase, a cash-in multiplier for the grid
- Added a combined profit target for bidirectional grids
- Added chart interface with stats about each grid
- Added chart buttons to close the grids
- Added risk safety checks before trading
The EA pre-calculates and displays the equity risk of the selected grid range. This value can be used by a trader to evaluate the impact of the grid settings and change it before starting the grid.
- Simplification of inputs
- Average deal price displayed
- Next order level displayed