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| Grid Trading EAs https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=347 |
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| Author: | Dozer [ Mon Mar 12, 2012 12:16 am ] |
| Post subject: | Re: Grid Trading EAs |
Thanks for the pointer to the Jitterbug EA. I did join FXAW, but I haven't had the time yet to look into Jitterbug. It's on my to do list though.  |
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| Author: | Fx93 [ Mon Jul 16, 2012 3:43 pm ] |
| Post subject: | Re: Grid Trading EAs |
I think the straddle grid strategy that the G+ EA utilizes has a lot of untapped potential when one sets one's TP just before it would open the second grid line. I do not think the breakout box indicator is optimal though, and am writing a pdf on methods I think may be better. Basically, a good strategy with about a 20 pip TP that already closes in profit more than 50% of the time wed with the straddle grid strategy on trades that would lose (goes 20 pips against the entry) should work out well. Does anyone know other straddle type grid EAs? |
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| Author: | fourier [ Wed Dec 25, 2013 6:18 pm ] |
| Post subject: | Re: Grid Trading EAs |
I've also been looking into Grid trading for an EA I'm working on. The following is basically all just my opinions so just take it as food for thought. Obviously Grid trading can be very risky but that's the point you are attempting to take advantage of the high volatility of the FOREX market, you wouldn't want to grid trade a low volatility instrument. Of course because you want to operate in this high volatility atmosphere your going to be exposing yourself to higher risk. So that means you need to apply some ways to mitigate that risk while taking advantage of the Law of Large numbers. You want to take tons of trades as a grid trader but as you attempt to take more trades your going to be exposing yourself to more risk of a large draw down. In my opinion martingale-ing your grid will destroy your account because you need to be able to weather the storm of a draw down and it's almost certain upping your bet size to fast will blow the account. What I've been playing around with a little is having the EA turn off for some period of time if a certain amount of losses occur. My thought process is that if you are getting an above average loss streak your operating in some averse market condition which your better off just avoiding. I wonder alternatively if you should up your bet size if you get an above average win percentage over a similar amount of trades. The best strategy of using grid trading in my opinion would be to act like a Casino, spread your money over a bunch of small accounts operating on different currency pairs (Low spread pairs). You should expect under this scheme and actually want a few blown accounts, a bunch of break even and hopefully one home run account. But you should be coming out ahead because your taking good risks. I'm very curious if anyone has been working with any sort of hedging strategy with grid trading EA's. |
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