PZ Grid Trading EA MT5

Profit consistently from the wavy nature of the market

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. It 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.

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Advantages

• Easy to set up and supervise
• It is time-frame independent
• No indicators or hard analysis needed
• Trades price ranges, not trading setups
• Requires little forecasting of the market
• Extracts money out of the market regularly

Features

• It can trade long, short or bidirectional
• It can trade many simultaneous symbols
• Grids can be closed or paused at the trader's discretion
• It implements directional and bidirectional profit targets
  
• It doesn't trade open ended grids, exposure is limited
• The grid configuration can be changed on the fly
• Risk and exposure is pre-calculated and displayed
• It implements three different behaviors
  
• It works for forex, CFDs and futures

This is arguably the most flexible Grid Trading EA you'll ever find and can be used in a myriad of different ways.

How to get started

1. Load the EA to any chart and timeframe
2. Choose a trading direction (buy, sell or bidirectional)
   
3. Edit the spacing and amount of trades until risk is acceptable
4. Start the grid
   
   

Input Parameters

• Trading Direction: It can be long, short or bidirectional.
• Bidirectional Profit Target: Combined profit target for the bidirectional grid.
• For each trading direction:
  
  • Behavior
    - Regular: The grid operates normally, adding and closing trades.
    - Classic: The grid closes completely when it is exhausted.
    - Paused: It sits idle. Trades are not placed not closed.
    - Averaging: Tries to exit the grid at the  average price of all trades.
    
  • Trades: The amount of trades in the grid. More trades means more risk.
    
  • Spacing: Distance in pips between trades. More spacing means more risk
    
  • Lotsize: The lotsize of each trade of the grid. More lotsize means more risk.
    
  • Phase: The cash-in multiplier for the trades. Use it to amplify profits.
    
  • Take Profit: The profit target to reset the grid. Use it when you want to contract the grid.
    
  • Limit Price: The price at which you don't want the EA to keep trading (zero = not used)
  • Anchor Price: The reference price for the grid at which the EA also stops trading (zero = not used)
    

• Colors and sizes: This block of parameters hold visual related options.
• Magic Number: The EA uses the magic number to identify its trades
  
• Custom Comment: Enter your custom comment for trades