PZ Grid Trading Lite
Grid trading is a highly efficient and mechanical trading strategy which has no reliance on direction, profits from volatility and uses the intrinsic wavy nature of the market.
- 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 Lite EA implements basic features:
- Grids can be closed at the trader's discretion
- It doesn't trade open ended grids, exposure is limited
- The EA can manage buy and sell grids simultaneously
- No pending orders are placed: only market orders
- The grid is liquidated completely when it goes off-range
There are other versions of the Grid Trading EA you might want to consider.
|Feature||Lite Version||Standard Version|
|Maximum trades in the grid||20||Unlimited|
|Maximum lot size per trade||0.10||Unlimited|
|Total risk displayed on the chart||Yes||Yes|
|Take Profit for the grid (bidirectional or single directional)||No||Yes|
|The grid can be paused or averaged down||No||Yes|
|Different grid behaviors (Classic, Dynamic, Strict)||No||Yes|
|Customizable phase of the grid (cash-in multiplier)||No||Yes|
|Auto-calculation of grid spacing from desired range and risk||No||Yes|
|Maximum trades per day feature, for safety||No||Yes|
|Manual override of the current grid lot size||No||Yes|
|Price and download link||10$||299$|
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 López Pérez, private investor and speculator, software engineer and founder of Point Zero Trading Solutions.
- The grid is closed when it goes off-range
- Added chart interface with stats about each grid
- Added chart buttons to close the grids
- Updated diagnostic information