Grid-Like system

Trading Systems Free Forex Trading Systems
1

Hello,
I am new on this forum but I decided to share “grid-like” strategy I “invented” a few days ago.
So:

  1. We trade completed bars, daily candles are the best I think.
  2. If previous bar close < previous bar open we open short and vice versa. If we have more than one position short or long then see below.
  3. We close positions only when we are in profits in “shorts” or “longs”, we can have many open positions.
  4. SL is 500 to avoid infinite losses in times of very strong and long trends.
    Here are some screenshots on EURUSD and the simple EA i made for this. Any comments and possible improvements are welcome. This strategy has potential but it has large drawdown that could wipe the account and trading more than 0.1 lots for 10000 USD account is extremely risky.
2

I’ve been meaning to check out grid methods. I’m tired of thinking lol, and I know it can be done. Good luck in your development. I know someone around here that might want to contribute :wink: …or maybe keep it secret lol. I’ll be following and contribute if I have anything.

3

Thank you petefader for your “spiritual” support :slight_smile: I guess you are the only one really interested in this method. May be because this method is “dead end”?
I tried to lower the risk by decreasing of number of open shorts or longs at the same time to 10 or 5 - the results were worse, tried to lower the risk by setting risk per transaction to 1% or 5% of account free margin and the results were also worse.
Seems no one has the idea for now, but I will be thinking… :22: