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    Reversal Grid +

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    • L
      Lingsbord66 last edited by Lingsbord66

      Hi Guys
      I'm trying to develop a simple Grid Trading EA and would really appreciate some help.
      Upon launch of the EA I would like it to open limit orders at x pip intervals. Let's say 10 pips for an example, so if price rises 10 pips we enter a short with an x pips (again let's use 10) as TP but no SL (this will become clear).
      So now, with price having risen by 10 pips and the first short is entered we need a buy limit at the open price (which is now same price as TP on that first short).
      Let's say now that the price actually continues to rise. The next sell limit is triggered. This trade will then have its own 10 pip TP and a new buy limit at the TP level.
      Once the grid is established let's say the price starts to fall. Each short that hits a 10 pip TP triggers a long trade at the same price but it also enters a new sell limit 10 pips above, ie at the TP level of the new short.
      To be clear, imagine a grid that always has limits above and below at 10 pip intervals where each time a trade gets 10 pips ahead a new limit order replaces it each time.
      Now, ok that's a classic newbie-style strategy where it will work superbly well in sideways/narrow ranging markets but will burn an account when the inevitable big move against happens. However in this case first of all I'm trading choppy Stock Indices such as the DAX30 and the AUS200, and I also run a separate strategy based on following the short term trend so a strong move against me on the grid would be more than covered by the swing trade, especially as the Grid trades are 20% of the size of the swing trade and the Grid trades are limited to maybe 5 open trades at any one time.
      Seems simple but I'm struggling.
      Any help greatly appreciated!
      Thanks. By the way it's just the grid I need help with. Cheers.

      1 Reply Last reply Reply Quote 0
      • roar
        roar last edited by roar

        Here's my rough approach:
        0_1551100655547_54bc4dad-1f03-4f62-b9a3-30ca18810a3a-image.png
        https://fxdreema.com/shared/3A74lKQwb
        I used these constants:
        0_1551100786721_5728948d-8965-4d37-affc-76aa0a7eed97-image.png

        This has the potential for some ugly slippage deviations, but should be ok as a starting point 🙂

        0_1551101245841_906bb0b9-8d34-4939-b365-e074ff47fbf1-image.png

        Need small help? Tag me in your post
        Need big help? https://www.fiverr.com/big_algo/automate-your-winning-strategy-in-mql4-or-mql5

        F 1 Reply Last reply Reply Quote 0
        • A
          Alexanderjohnson21 last edited by

          any way to do this with just stop orders?

          1 Reply Last reply Reply Quote 0
          • F
            faris123 @roar last edited by

            @roar hi
            how are you?
            i need your help i see that you have knowledge about fxdreema and would really appreciate if we can talk by skype.
            thanks

            roar 1 Reply Last reply Reply Quote 0
            • roar
              roar @faris123 last edited by

              @faris123
              Hi! I'm fine, thanks, and you?

              Lets keep it inside this forum, I don't have the time for multiple channels lol

              Need small help? Tag me in your post
              Need big help? https://www.fiverr.com/big_algo/automate-your-winning-strategy-in-mql4-or-mql5

              1 Reply Last reply Reply Quote 0
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