Take my word of advise. Topic starter uses this EA IN CONJUNCTION with another method for entry. These is no way in hell grid trading is profitable as a stand-alone without any variables added to determine an early trend reversal or next leg continuation.
USD/JPY DD last couple of days showed this. When the longer term trend changes, or in wide ranging markets, people in here will experience alot of pain, if trading live. Not saying grid trading is not profitable, but it always needs to be used in conjuction with other systems. Its simply a managing method.
The "community trend detection" will not have a correct synergy with this method, simply because the market is often ranging, also on higher TF's. You will always be left behind. Because last days were heavy trending its quite difficult to see the flaws of this.
I am however a bit interested in the "peak detection" of the topic starter. That is a whole different story.
USD/JPY DD last couple of days showed this. When the longer term trend changes, or in wide ranging markets, people in here will experience alot of pain, if trading live. Not saying grid trading is not profitable, but it always needs to be used in conjuction with other systems. Its simply a managing method.
The "community trend detection" will not have a correct synergy with this method, simply because the market is often ranging, also on higher TF's. You will always be left behind. Because last days were heavy trending its quite difficult to see the flaws of this.
I am however a bit interested in the "peak detection" of the topic starter. That is a whole different story.