Pending order Grid system | Grid EA download - MT4/MT5 resources
I'm not sure if this trading strategy has been discussed anywhere, but the strategy is as follows:
(1) Open two pending orders at the current price, one to buy and one to sell.
(2) When one pending order is triggered, the other pending order is canceled.
At the same time, two other pending orders (one buy and one sell) are placed at the price at which the most recent pending order was triggered.
(3) The number of pending orders should be equal.
(4) It is best to open positions during the trading day at the opening time and close them at the end of the trading day.
(5) If the day follows a certain trend, then it will bring good profits, otherwise as I expected, the losses will be much less.
(6) This strategy is suitable for trending currency pairs.
(7) No order should set a target profit or loss
(8) This strategy aims to accumulate orders in the direction of the trend until the trader closes the position after achieving the target profit.
It limits the number of orders within the price range to only 1 boy and 1 sell order during sideways movements.
Losses during sideways moves are limited to grid width + spread.
There should be a target profit of one day.
When a certain profit is achieved for the day, you can decide to close all orders.
(8) This strategy can even be applied to NFA complaint brokers like IBFX, which allow the same intraday currency hedging. We close all orders at the end of the day.
I haven't implemented this strategy yet. Because I think EA will do better.
The variables that the EA should have are
(1) Set a pending order based on the distance from the current price.
(2) Time when the EA should be activated
(3) Closing time of all orders
(4) The target profit that the trader wants to set.
This system requires no indicators.
(1) Open two pending orders at the current price, one to buy and one to sell.
(2) When one pending order is triggered, the other pending order is canceled.
At the same time, two other pending orders (one buy and one sell) are placed at the price at which the most recent pending order was triggered.
(3) The number of pending orders should be equal.
(4) It is best to open positions during the trading day at the opening time and close them at the end of the trading day.
(5) If the day follows a certain trend, then it will bring good profits, otherwise as I expected, the losses will be much less.
(6) This strategy is suitable for trending currency pairs.
(7) No order should set a target profit or loss
(8) This strategy aims to accumulate orders in the direction of the trend until the trader closes the position after achieving the target profit.
It limits the number of orders within the price range to only 1 boy and 1 sell order during sideways movements.
Losses during sideways moves are limited to grid width + spread.
There should be a target profit of one day.
When a certain profit is achieved for the day, you can decide to close all orders.
(8) This strategy can even be applied to NFA complaint brokers like IBFX, which allow the same intraday currency hedging. We close all orders at the end of the day.
I haven't implemented this strategy yet. Because I think EA will do better.
The variables that the EA should have are
(1) Set a pending order based on the distance from the current price.
(2) Time when the EA should be activated
(3) Closing time of all orders
(4) The target profit that the trader wants to set.
This system requires no indicators.
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