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The forex robot that is dominating charts everywhere.

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A bidirectional grid trading expert advisor for Metatrader4 (MT4). The user decides trading direction, amount of trades, spacing and lotsize. A take-profit for each grid can be set, moment in which the grid resets. The Meta Trader 4 (MT4) trading platform is a free software that forex traders use as a trading terminal. It has gann grid draw tools within the trading interface. Gann grid signals are easy to follow and do not require advanced mathematical calculations.

MT4 Expert Advisor Programming. If you are a Forex trader and are in need of an experienced programmer to convert your trading strategy into an Expert Advisor (EA) then you have come to the right place.

The EA knows the median price since the start of the backtesting period in and therefore the EA is designed with the benefit of hindsight. It is the same for the robominer system, the EA has the median price preprogrammed so it "knew" it had to trade long or short before the range actually established itself in late This is one of the dangers of grid trading, if you had to define a range in you would have probably wiped your account in due to the range extension.

Therefore, the backtesting results actually depend on the fact that we are using a range we know is effective "in advance". The system will work as long as this range is kept, however, if it is not, an account wipeout is imminent. Risk can be diminished by only trading when price is near the ends of the grid, that would mean only trading 1 or 2 out of every 10 years. Of course, if positions are open during 1 or 2 years with negative swap this will strongly affect the profits with some positions even closing with loses in the long term.

I would advice to only trade this on swap free accounts in which such long holding of positions won't matter. The EA my EA does not deal with swap in any way, again, trading with a swap free, also called "muslim friendly account" would be best these are offered by several brokers. Robominer does claim to deal with swap but my ten year backtests still show significant loses from swap accumulation which suggests that the code to deal with this is inefficient.

Regarding ECN support, you must remember that ECN brokers do not accept the submission of the takeprofit with the actual order but orders need to be modified after being placed to include the TP. ECN support can be effectively incorporated by order modifications after placement or by using an internal mechanism that handles the TP. The first is the safest choice. I will however only do this if there is enough interest for this trading tool.

Again, I do NOT support grid trading as a "set and forget" trading methodology. Grid trading seriously exposes people's equity and must be done with great care in order to avoid excessive draw downs with possible account wipeouts. Such risks are taken with every grid system, including the robominer and other commercial experts. I hope this answers all your questions. Grid trading is very interesting approach, it should be very "smart" to profit heavily on trending moves and not to lose much on sideway market.

I am thinking to find most appropriate method to define different state of the market: 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. All of the grid trading rules are coded directly into Odin. No need to study charts or crunch numbers.

Odin monitors the market 24 hours a day, 5 days a week. Never miss a trade because you're sleeping. Never put all of your eggs in one basket. Odin is a quick way to diversify your account equity and lower risk. We've designed Odin for every trader regardless of skill level. It's a complete solution that will handle everything for you automatically. From basic things like opening and closing trades, to advanced calculations like money management and profit control. Forex brokers are not your friend.

Built in money management calculates the safest lot size for you automatically. Micro, mini, and full lots are supported. Odin's modern UI and user friendly interface let you see exactly what it is doing at any point in time. Odin was designed to run inside of the MetaTrader 4 forex terminal. Several major brokers offer instant MT4 demo accounts for free.

Simply drag and drop Odin into your MT4 terminal and attach it to any forex chart. Installation is very simple and takes less than 5 minutes. Odin handles everything for you. Anyone can use it on their charts to find great forex trades. Our dedicated support team is here to help you every step of the way with anything you might need.

Start with a demo account and switch to a live account at any time in the future. Or go live right away. Quick follow up on my performance with the new Odin. Please use mah review if youd like ;.

I am glad you have liked it I will certainly add ECN support, 5 digit broker support and some good error handling if there is enough interest.

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No need to study charts or crunch numbers. Anyone can use it on their charts to find great forex trades.

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