Profitable Grid Break-out Trading System(PGBTS)

Quoting kjaved

When you place your next grid, do you delete previous pending stop orders?

Can you explain your 5th point with some detail example?

Quoting dare123

Good-day kjaved,
Kindly find below the explanation of the 5th point.

Trading on Grid 10pips:

Buystop SL-30pips:TP-10pips @ 1.2960

Buystop SL-30pips:TP-10pips @ 1.2950

Buystop SL-30pips:TP-10pips @ 1.2940

Buystop SL-30pips:TP-10pips @ 1.2930

Buystop SL-30pips:TP-10pips @ 1.2920

Assumming Price is within 1.2900 and 1.2920

Sellstop SL-30pips:TP-10pips @ 1.2900

Sellstop SL-30pips:TP-10pips @ 1.2890

Sellstop SL-30pips:TP-10pips @ 1.2880

Sellstop SL-30pips:TP-10pips @ 1.2870

Sellstop SL-30pips:TP-10pips @ 1.2860

Hope the above is explanatory...

Quoting kjaved

Thanks Dare for the reply...

I think should be 10 Pip SL and 30 Pip TP

Actually I wanted to ask if 1 or more trades are open then how will you place your next Grid at 13GMT? What about pending stops?

Quoting alimbudianto

Dear dare123...

i have made script for yours strategy....

just use running price as reference input...

for example... if running price 1.3102 then input the price in script in 1.3100....

if running price in 1.3107 then input the price in script in 1.3110....

Quoting dare123

Good-day alimbudianto,
Are you still using the script?

Quoting sunhoyu

Hi dare123,

How is the strategy performaning so far?

Really can get 10% per week?

Quoting kjaved

Thanks Dare for the reply...

I think should be 10 Pip SL and 30 Pip TP

Actually I wanted to ask if 1 or more trades are open then how will you place your next Grid at 13GMT? What about pending stops?

Quoting 1sandeepgupt

Hi Alimbudianto,

the script is not working on my mt4 build 451 and it is 5 digit. Please help.

Quoting Holypendant

this is my 3rd week in testing this system. i'm up abt 25% thus far i place my order once per week with 50pips gap. i'm waiting to see what happen when market is trending.

Quoting Walad100100

Thanks for the update -- please keep us posted with all observations and performance you experience. Are you using an EA? or trading manually?

Quoting dare123

Dear All,
Please, can somone in the house help us with the MT4 Script for Grid trading with variables below:
1. BUY STOP: VARIBLES: GRID VALUE,NO OF GRID STEPS, TP AND SL
2. BUY LIMIT: VARIBLES: GRID VALUE,NO OF GRID STEPS, TP AND SL
3. SELL STOP: VARIBLES: GRID VALUE,NO OF GRID STEPS, TP AND SL
4. SELL LIMIT: VARIBLES: GRID VALUE,NO OF GRID STEPS, TP AND SL


Please let someone help us.

Quoting ~bull.bear~

I have the new code EA since last time you changed your system, i did PM you but you didn't reply me. Not sure if you didn't receive my PM, forgot to reply me or didn't need it at the time.

Quoting ~bull.bear~

Not sure if there is an error. Let me know again.

Quoting dare123

Thanks alot ~bull.bear~,
I suggest an EA and a Script will be OK,
I will sugget we remove the use of Trading period and look at only the following flexible variables:
Make it more simple.
For EA
1) Grid Size : flexible to any value eg. 10pips, 20pips etc.
2) Range Grid size or no of grid steps: No of trades to be placed on the grid size-flexible
3) Position Size : x% of the account balance in Lot Size-flexible
4) Take Profit : flexible
5) Stop Loss : flexible
6) Place additional buystop or sellstop outside the range of the current...

Quoting ~bull.bear~

I think EA and script should be the same function. So there is no necessary to code script.

And could you please explain on the number 6?
Thanks.