10 pip trade reverse grid system
Hi everyone, I couldn't think of a cool name so I made one up.
I would like interested parties to try this through manual backtesting only.
I have grid indicator.
You can set the grid indicator to 130 (which is actually 13 points), so the grid lines will be 13 points apart.
Our target is 10 points, so for my agent ( Oanda ) 3 points is a safe bet. Most of the time, the spreads on EUR/USD are 2 pips or less, but I like to stay safe.
The chart I posted shows roughly how to trade this system.
Entry: Decide whether to go long or short when price hits the grid line (you can use any reason or just flip a coin)
Exit: Tp = next grid (10 pips or a little more depending on the spread)
Sl = next grid (someone tell me how to exit short position and long position equal to target price) I think long sl should be set to exactly 10 pips and short sl to 13 pips exactly.
When your long hits TP, re-enter the long position again. When your short position reaches the target price, go short again.
When your long position hits SL, reverse and enter a short position by adding 1 lot. (So if the original trade was 1 mini lot, when you lose and reverse, you add 1 more mini lot)
When your short hits Sl, reverse and go long by adding 1 lot.
That's it.
Every time you hit sl, you reverse by adding 1 extra lot until you hit tp.
So, for a losing trade: 1 lot for the first trade, 2 lots for the second trade, 3 lots for the third trade, and so on.
PS: I forgot to mention try the EUR/USD currency pair or 1 with similar low spreads.
Let me know what your results are.
tnx
I would like interested parties to try this through manual backtesting only.
I have grid indicator.
You can set the grid indicator to 130 (which is actually 13 points), so the grid lines will be 13 points apart.
Our target is 10 points, so for my agent ( Oanda ) 3 points is a safe bet. Most of the time, the spreads on EUR/USD are 2 pips or less, but I like to stay safe.
The chart I posted shows roughly how to trade this system.
Entry: Decide whether to go long or short when price hits the grid line (you can use any reason or just flip a coin)
Exit: Tp = next grid (10 pips or a little more depending on the spread)
Sl = next grid (someone tell me how to exit short position and long position equal to target price) I think long sl should be set to exactly 10 pips and short sl to 13 pips exactly.
When your long hits TP, re-enter the long position again. When your short position reaches the target price, go short again.
When your long position hits SL, reverse and enter a short position by adding 1 lot. (So if the original trade was 1 mini lot, when you lose and reverse, you add 1 more mini lot)
When your short hits Sl, reverse and go long by adding 1 lot.
That's it.
Every time you hit sl, you reverse by adding 1 extra lot until you hit tp.
So, for a losing trade: 1 lot for the first trade, 2 lots for the second trade, 3 lots for the third trade, and so on.
PS: I forgot to mention try the EUR/USD currency pair or 1 with similar low spreads.
Let me know what your results are.
tnx
Attachment to original post (1)
📦 Summary of post attachments (3)
Below are all the files (3) shared in the reply.
💡 Featured Recommendations
✍️ Latest by the author
- •
- •
- •
- •
- •
- •
📌 Popular topics
- •
- •
- •
- •
- •
- •
- •
- •
🔗 You May Be Interested In
- •
- •
- •
- •
- •
- •