The grid hedge - the core version

1. Oanda If you are planning to give it a try, this is your best choice. They have good spreads, you can trade directly from the charts, and your positions can be as small as your money management can handle.
2. Oanda eliminates buying and selling (hedging) of the same currency pair, so you need to open a sub-account and divide your funds equally among them. So, if you have a $10,000 account, you have $5,000 on the main account and $5,000 on the sub-account.
3. For this system I only trade EURUSD as it has the lowest spreads , which is very important.
4. Place your order anytime between 22:00GMT or 0:00GMT. Let's say your main account will manage long trades and your sub-account will manage short trades.
5. Main account. - Place your limit buy order on the next multiple of 20 and 4 more multiples to track 20 pips from the previous one. There is no stop loss and no take profit. For example if the price is 1.4572, you would enter 5 orders to buy at the following prices: 1.4580, 1.4600, 1.4620, 1.4640 and 1.4660.
6. subaccount. - Do the same thing as above, but use a sell order to go short. For example 1.4560, 1.4540, 1.4520, 1.4500 and 1.4480.
7. Money management. - It is very important that each of your orders must have the exact same number of units and should be allocated as follows: 300 units per 100 USD in the account, which is 3 cent points. So in our example, the split account is $5,000, so we will buy or sell 15,000 units per order.
8. Waiting for the big move. When you come back at the same time the next day, you will encounter several situations. Maybe, only one side of your order is triggered and you only have the right points. Maybe one command fires on one side and two on the other.
9. You will most likely get both positive and negative points, or only negative points. But only close all positions when you make a profit. For example if you have 100 positive pips on the long position but 50 negative pips on the short position, you should close the position for a profit of 50.
10. If the market goes up 100 pips, goes down 100 pips, and then goes back to around 1.4570, you will have 200 pips negative (hence money management) and don't close the position until you make a profit.
11. If you have already taken profits, repeat the process.

Important - sometimes you need to take losses, especially when you hold an open position before a big news release such as Non-Farm Payrolls, I also prefer to close positions on the weekends due to excessively widened spreads.

I know you're going to have a lot of questions, and I can almost bet I'm missing something that I can't remember right now, but that's why we're all here to help each other. So don't be shy and ask. Also, if you see any room for improvement, I'd be very happy to hear about it.

Hope you all like it! ! A premium version will be released later.