sell orders, generally spaced at 10- or 15-pip intervals, create a trading grid. Order type, entry, take Profit 1, buy Stop Order.12460.12560 2, buy Stop Order.12560.12660 3, buy Stop Order.12660.12760 -1. Sell Stop Order.12260.12160 -2 Sell Stop Order.12160.12060 -3 Sell Stop Order.12060.19960 After placing the orders, one of three scenarios can happen. This is done on a predefined market distance (referred as to a leg with a preset size of take-profit and no stop-loss. According to the rule of cashing in positive deals at grid levels you would close the sell (sell 2) at a gain of 100 pips which you can now add to your account. The complexity of this grid occurs from keeping multiple positions open and instituting multiple sell orders. Grid trading is popular in foreign exchange trading.
Oftentimes grid trading is offered as a feature or facilitated through a software add-in for popular trading systems including MetaStock, Worden TC2000, eSignal, NinjaTrader, Wave59 PRO2, EquityFeed Workstation, ProfitSource, VectorVest and INO MarketClub. Unlike every other strategy, the Grid Trading Strategy uses. This makes the total cashed in at this point 200 pips (sell 2 and buy 1). This kind of trading removes the variable of knowing the direction of the price move. You also need a solid risk management system put in place and last but not least it requires a shift in your mindset as this is not your typical everyday strategy.
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