and ready, waiting for the price action to hit them. The, grid trading system is merely a way of trading and is not to be misunderstood as a trading system that offers buy/sell signals. Now, place three buy stop orders above the current price.12360 and three sell stop orders below. You may set, lets say 40 pips space in between those trades (you may change those parameters anyway you like in settings window).
Depending on how price would have moved in the above grid, the amount of risk involved is usually offset by the grid levels and the hedged positions. After the entry was triggered.3595, with stops.364, further sell orders would be placed 25 pips away with profits set to 25 Pips. Life time. Update.2: this version includes LotAdd parameter. Not good at math but want to win against this everyday changing market?
However, the downside is that the trader always has to keep the available margin in mind especially, in trending markets. Then, you simply close the remaining Stop Orders. It is highly recommended to first practice any grid based trading system on a demo account before attempting it on a real trading account). For example: this means that if you put.01 in LotAdd field your first trade above or below your channel will.01, second.02, third.03 and so on This way you will get more trading power when the market is not moving very. Namely, you must possess the ability to psychologically deal with losing positions.