Joined Mar 2006
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Status: THANK YOU MERLIN,TWEE and FF Team
|4,603 Posts
Another one that might work well for you in ranging markets, Is a pivot type trade, like Camarilla. Just do a search on Camarilla and you will see indicators and docs on how to use it.
Thanks so much...when would you use this EA? What is the purpose of it, would you mind just explaining a bit?
Thanks again for your help!!
Marc
Ignored
I spent over a year with this EA. I tested it, ran math calcs, forward tested it with multiple scenarios / multiple accounts. "Explaining it a bit" is obviously not possible. Way to much typing involved... plus I'm not that interested in it like I used to be. Run it on visual back tests to get an idea of how it works. This a very popular EA - there's a ton of material written about it.
I spent over a year with this EA. I tested it, ran math calcs, forward tested it with multiple scenarios / multiple accounts. "Explaining it a bit" is obviously not possible. Way to much typing involved... plus I'm not that interested in it like I used to be. Run it on visual back tests to get an idea of how it works. This a very popular EA - there's a ton of material written about it.
You guys must be sure that you were understood what is grid trading and its risk before you attach the EA blindly to live account. Although it can make money quickly in ranging market, but can also lost your money in HALF DAY if the market turn to strong trending when you are sleeping.
By the way, you have to calculate your deposit carefully with precise grid lot number, or you may also get margin call even in ranging market.
This is two-edge sword. Only few trader can live with grid trading, and most of others were killed by it. You must be sure (very sure) what are you doing.
