Simple Grid EA

Very simple Grid EA

Inputs:

• Grid size (in pips) – example 70 pips
• Use MM – Yes / No
• Lot size (for no MM) – e.g. 0.1 lot
• Percentage to Risk on Each Trade (e.g. 1%)
• Number of levels
• Check Stochastic for enter trade (normal / reverse / disable) -> only for initial trade to start grid
• Normal
• Only enter when below 20 and cross back to 20
• Only enter when above 80 and cross back to 80
• Reverse
• Only enter trade when stochastic is within High Level and Low Level
• E.g. if High Level is 60 and Low level is 40, only enter trade when Stochastic is between 40-60
• Stochastic settings
• Reverse settings
• High level (0 – 100)
• Low level (0 – 100)

Notes

System has no SL

Behavior

• Enter Buy and Sell at same time (starting price) -> if check rsi is on, check condition before enter buy and sell
• When price reaches either X pips based on grid size above or below starting price
• Close profitable trade
• Buy and Sell again
• If price returns back to starting price, close all trades (profit = grid size pips)
• If price continues in direction and reaches 2^nd level of grid (X pips * 2)’
• Close profitable trade
• Buy and Sell again
• If price returns back to 1^st level of grid (X pips), close all trades (profit = grid size pips)
• If price continues in direction and reaches 3^rd level of grid (X pips * 3)
• Close profitable trade
• Buy and Sell again
• If price returns back to 2^nd level of grid (X pips * 2), close all trades (no profit – breakeven)
• If price continues in direction and reaches 4^th level of grid (X pips * 4), close all trades (loss of X pips * 6)
• Start Buy and Sell again (new grid cycle) -> if check rsi is on, check condition before buy and sell