Avoid trading in a direction with big swap costs.Don't load the EA twice on the same symbol.Don't feel obligated to do bidirectional trading.If the market is overpriced, trade short only.If the market is cheap, trade long only.Use weekly and monthly charts to find these ranges. For instance, in EURUSD you might want to set a buy price limit of 1.35 and a sell price limit of 1.25. This practice concentrates the trading activity inside profitable price ranges. Find reasonable price ranges to trade and enter those into the EA as anchor and limit prices. The profitability achieved depends on your ability to set wise price limits. Edit the spacing and amount of trades until risk is acceptable.Choose a trading direction (buy, sell or bidirectional).This is arguably the most flexible Grid Trading EA you'll ever find and can be used in a myriad of different ways. It implements three different behaviors.Risk and exposure is pre-calculated and displayed.The grid configuration can be changed on the fly.It doesn't trade open ended grids, exposure is limited.It implements directional and bidirectional profit targets.Grids can be closed or paused at the trader's discretion.It can trade long, short or bidirectional.Extracts money out of the market regularly.Requires little forecasting of the market.Trades price ranges, not trading setups.Such trades, generally spaced at 20-200 pip intervals, create a trading grid. It uses fixed price levels to enter and exit trades in one or both directions. Grid trading is an efficient mechanical trading strategy which has no reliance on direction, profits from volatility and uses the intrinsic wavy nature of the market.
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