1. For my each trade, my % of capital would be between 1% to 5% based on the situation.
2. If trend determination is wrong, then simply get out of the positions early(when loss is less). Holding the positions doesnt make sense always.
I believe a good way to use grid is to close all the positions whenever our realized profits are double the unrealized losses and start fresh again. This would reduce a lot of risk. Infact, we will be moving with the midterm/longterm trend and making profits on the fluctuations in shorter timeperiods. I need to experiment this. Do post your ideas.
I have an idea of going with the grid on only one direction, when market is trending fast like now in gbpusd. USD is apparently weak across the board and even building a weaker grid on USD direction seems risky to me. I would go with one sided grid on GBP long side.
When the market is ranging, we could grid on both directions. EURGBP pair normally range most of the time and an ideal candidate for two sided gridding.
Shan
agsignal
May 2 2006, 10:53 PM
Hi,
Anyone have idea of how to trade grid strategy if there is a major annoucement? Notice that it is very difficult and risky applying grid if the market abit crazy.
Anyway, I have tried this strategy but just a single pairs (may be I should just called it hedging).
1. Enter a buy/sell at the same point (The sell higher than the buy depending on the spread) Long 1.2630 EUR/USD short 1.2633 EUR/USD
2. Will only open a new position when after 1 or 2 position close.
3. All my trade have stop lost
I entered 16 position, 15 gain and 1 stop lost by 40pips. At the end of the day, I made 109pips yesterday based on this technic, and need to experiment and see how the result will be!
FYI, I have expericed a lot of lost last month and now started to gain back some of the loses. And I need to thanks Singupta for his idea and sharing!
Klaka
May 7 2006, 06:44 PM
Hi,
i am new here, but. I've heard alot about this strategy, that's almost impossible to be wipped out, kind of like a break even on worstcase scenario. A trader by the name of Dr.Zogg uses something like this, i think.
Anyway, i think someone asked this question right near the beginner of this thread, is this strategy automated? Dr.Zogg's strategy is automated and it's heard that he is making an average of 500pips a day. Hopefully i will get an answer to this.
Good day, happy trading.
phildunn
May 8 2006, 09:23 AM
QUOTE(Klaka @ May 7 2006, 06:44 PM) [snapback]2067678[/snapback]
Hi,
i am new here, but. I've heard alot about this strategy, that's almost impossible to be wipped out, kind of like a break even on worstcase scenario. A trader by the name of Dr.Zogg uses something like this, i think.
Anyway, i think someone asked this question right near the beginner of this thread, is this strategy automated? Dr.Zogg's strategy is automated and it's heard that he is making an average of 500pips a day. Hopefully i will get an answer to this.
Good day, happy trading.
Someone make it automated but so far the result is not good.
Havoc
May 10 2006, 01:07 PM
Wow so much information but i don't get any of it You guys look like pro's how much you making ?
jasmine40
May 10 2006, 05:06 PM
Wow topics topics topics my head is spinnin
denishvedi
May 11 2006, 07:39 AM
Used with discretion this is the only strategy technically possible which can let a noob see some positive results.
Gabar
May 11 2006, 09:33 AM
I have read whole thread - whoooh
and I will give it a try
I will post my scores later
Keep the good job guys
agsignal
Jun 23 2006, 06:39 AM
Hi all,
I still think this Grid Technic is worth for a try, especially the market is ranging ..as long as the market move two ways, then we may make profits! Of course you need to have enough margin to hold the open position.. April 1.22~1.25 May 1.29~1.30 June 1.26~1.24
May be if possible set the daily/weekly support and resistance to it, then we may not suffer from holding unprofitable open position for too long..and also u may set a stop loss if you wish too! **I'm not good in the EA, but I would like to share and hope for some feedback if u huys interested**
Singupta, May be u have created a better version of EA?? Kindly advise and Thanks.
Cage Rattler
Jun 25 2006, 09:52 AM
QUOTE(unclejesse @ Mar 2 2006, 01:58 AM) [snapback]1398208[/snapback]
This reminds me of something.......
Go to the blackjack table with $320 and bet $10 hands. Each time you loose, double your bet amount to try and re-coup it. Chances are, you will not have more then 5 losses in a row. so you should be able to get at least $10 each day in profit.
Systems like this look great on paper, but, eventually you will get your account wiped out.
Could be interesting to see grid traders managing a black swan event, eg. LTCM.
Mark_H
Jun 26 2006, 01:02 AM
Im testing this strategy since this week lets see.
deagle
Dec 27 2006, 05:54 PM
QUOTE(Mark_H @ Jun 26 2006, 01:02 AM) [snapback]2366994[/snapback]
Im testing this strategy since this week lets see.
I know it is an older post, but anyway. How did it go for you?
Is anyone still doing this?
priest9
Jan 7 2007, 08:32 AM
No stops at all? damn, any pos results?
Venturess
Jan 8 2007, 08:49 AM
Thanks to Singupta, this has been an extremely interesting and informative thread. I have read the entire thread...phew, but it was well worth it.
Singupta has not posted in a while and it would be great to hear from all the posters also...lamode, hawk, phildunn, etc. who have been using this strategy to keep this thread going.
Wish everyone a very healthy and profitable 2007.
I hope to test this strategy next.
Venturess
SDV805
Jan 9 2007, 08:31 PM
I only need 5 more
I go around all day looking at the same posts 4
Rhythm Infinite
Feb 9 2007, 07:20 AM
Anybody still using this strategy? can anyone post their latest earnings/loss with the grid technique?
hatemoney
Feb 14 2007, 02:52 AM
Yeah, this strategy works well in range market, you can find EA to backtest to see that. The problem is how we can modify for this strategy also works well in breakout market?
originalmadcow
Apr 17 2009, 04:50 AM
QUOTE (slngupta @ Oct 16 2005, 03:05 AM)
I have been in forex since 3 to 4 months after failing even in the best of cyclers, hyips, auto surfs, etc. In these few months I have been trying out various strategies in forex. My constraints are that I cannot spend lot of time on forex as this is a part time for me. Iam a software professional and get limited time to spend time on following news or my trades. I can't invest too much money with forex traders too to have an account maintained. I even can't subscribe to signal alerts and follow them. Still, I thought I can do forex and trying out various techniques where I would just spend total of 1 hr daily.
Recently, I came to know about grid strategy, I need your comments on how we can make best use of this.
To summarize, what grid strategy is..
In this technique, we put sell and buy orders at various intervals, say 20 or 50 whatever. Each order has a TP of the interval gap and NO STOPS !! Whenever an order gets executed and the trade is closed, we create a similar order again. In this way, whatever direction the trend is we still make profit. Only issues are we need to trade using only 3 to 5% of our capital as we need a lot of width. Advantages are we need to just setup our orders and monitor them once or twice a day spending less than an hour.
If you try this for 2 or 3 days, you will get the idea.
Please post back if you need more info on this strategy. I shall start posting all my trades very soon.
Thanks, Gupta.
i know what you mean, just when you are about to break even the program goes under.
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You guys look like pro's how much you making ? 
lets see. 
