Good day all,
i watch many paid services on this topic claiming to have the best results, i would gladly try but seeing times are hard in my country and i don’t want to spend $500 for an EA that i’m not sure going to work, i wouldn’t have spent it even if the economy was good.
Anyway…as the name suggests i will attempt to manually trade a grid setup and hedge the losers, If anyone wish to code an EA for it by all means feel free.
The idea is to both buy and sell the market, i positon pending orders in 20 pips increments from my entered trades, buy stop/sell limit for above, sell stop/ buy limit for below, and repeat every time the an order is filled
THERE IS NO USE OF STOPLOSS as all losing trades are hedged
the hedging part
When the market trends and waves all losing trades i place stop orders 60pips away with a multiplier of 4.5
This is very time consuming and takes alot of patience if an EA can be done with it then i think the potential would be amazing
here’s a link to my myfxbook to an account i trade this with
screenshot of the setup
2016-06-23_1122 - Chaddytrading’s library
some of the trades cause a high drawdown due to me entering the wrong lots in a hurry at times