Disliked{quote} Sorry to burst your dream. But I tried this before you tried it . in 2 years ago. I did exactly the same as you do, and that was when a currency move like over 1000 pips in a direction. making things hard to control. Grid can only really work if you are not greedy, and you got a lot of money. Like $10000 trying make $1 per trade. but eventually grid will fail. unless you entry is really solid. with a win rate > 60% less the spread.Ignored
Would you mind sharing the EA that you were using to do exactly what I have been looking for? I, and probably many others, would be very interested in checking it out and learning from it. I believe there is always something extra that can be done to improve anything, nothing in this world can claim perfection.
Grid trading is so much possible if there is a solid risk management concept. As I mentioned in earlier posts, the only trick is to control the drawdown, simple as that. This is the module that we wanna concentrate on and I am pretty sure solutions are there. I have seen some amazing and ingenious creativity from some programmers and I believe that it could be a walk in the park for some seasoned traders/ programmers to come up with a nice and reliable formula.
Please upload the EA so that we can have a feel of it.
Cheers!
BitByBit..