As with all Expert Advisors that run on MT4 you will need to keep the Robot connected to the internet and your Forex account continuously while the Forex Market is active by using a VPS service or by keeping your own computer continuously connected to the internet. Although most articles speak of using a Grid based system within a consolidation pattern, due to the uncertainty involved, it can be a bit difficult to trade the Grid system within the consolidation. Trading Forex, Binary Options - high level of risk.
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The grid based trading system can be used to maximize the returns from the trades. It can be especially usefully when price is in a ranging or consolidation pattern that is common before break outs. In many cases, a Grid based trading system is used in conjunction with other trading methods. The chart below illustrates how this is achieved. In the following chart, we make use of a simple channel trading method.
After plotting a channel connecting the swing highs and lows, we see that price is in a downtrend and therefore, ideally we would be selling at the upper channel lines or when previous support lines are broken.
After the entry was triggered at 1. In this method as price traveled from 1. Giving a total of pips. Now if this grid was set up in a way with stops for all the orders placed at 1. Although the results might look amazing, the risks with each of the above three approaches are also relative to the rewards.
Therefore, the above example illustrates that grid trading requires some skill both in terms of trade analysis as well as risk management. Of course, in the above example, to mitigate the risks, Buy orders could be placed one level above in order to capture 25 pip moves in the event price reversed to move back up thus reducing the risk exposure.
Therefore, in this example, assuming price dropped to 3 levels and reversed from 1. So if price reversed and moved to the upside, the buy orders would be triggered, thus reducing the exposure by 25, 50, 75, , , resulting in a break even trade. Grid based trading system — Best uses. Although most articles speak of using a Grid based system within a consolidation pattern, due to the uncertainty involved, it can be a bit difficult to trade the Grid system within the consolidation.
However, when the grid based system is used on break outs, they can quickly turn into massive profits based on the levels involved and the target price. Traders should bear in mind that hedging is an important aspect of the grid based trading system and most brokers do not allow for hedging. It is therefore advisable for traders to check if their broker allows hedging. Another aspect to note is that the margin involved for hedge trading is significantly higher, so pay attention to your money management and equity.
Contact support at Eafactory. Please refer to this link for details of what account size is suggested. It depends mostly on the leverage you use and the multiplier success you experience. Before re-launching the GTM we asked a number of our existing client to test the Non directional Trading approach.
Their results are shown on this link http: There are many ways of managing risk. These are covered in the training material and include — Currency selection, Gap size used, stop per transaction, pruning approach and appropriate account sizing.
Finding the direction is the holy grail of Forex trading. Although we give some basic guidance it is really up to the trader to determine entries and exits for the single direction alternative and therefore we only suggest this option to experienced Forex Traders. If you are not sure about direction the non-directional approach trading results more than make up for this.
As with all Expert Advisors that run on MT4 you will need to keep the Robot connected to the internet and your Forex account continuously while the Forex Market is active by using a VPS service or by keeping your own computer continuously connected to the internet. YES, any price movement whether up or down will make your account grow. The more you stay away from the trading the better.
This sounds too good to be true — how is this possible? So it is very easy to start. See the pip growth of one of your direction specific trading accounts Over a period of 2 months the EURUSD Cashed in more than 16 pips while trading in only in a sell direction during a pip trend in a live Forex trading contest — again the power of the multiplier. Before you do you need to make 2 decisions: The first decision is whether you like the single direction approach or the Non directional trading approach.
You need to be a competent trader to use the single direction approach. The second decision is whether you want to trade the Grid Trend Multiplier yourself or whether you want it traded for you. As you can see from the extract of the Grid Trend Multiplier training material there are no less than 15 Videos supporting various aspects of using this great Expert Advisor There are also a list of articles which go into aspect of using the Grid Trend Multiplier in much more detail.
We give you all the knowledge you need to use this EA. We also accept Bitcoin. You can use bitcoin to make your purchase. Please click on the Bitcoin picture for how you can do this. What size account do I need to trade the Grid Trend Multiplier? Do you help me find the direction to trade the single direction approach?