GRID Trading system – FREE DOWNLOAD Forex GRID Builder MT4 Trading Indicator. Many traders use the indicator for martingale or grid trading strategy.
- Time Frame: M5-H4
- Currency Pairs: Any
- GRID Builder
The Forex grid trading strategy is a technique that seeks to make a profit on the natural movement of the market by positioning BUY stop orders and SELL stop orders.
This is done on a predefined market distance (referred as to a leg), with a preset size of take-profit and no stop-loss.
This kind of trading removes the variable of knowing the direction of the price move.
However, this also means very complicated money management conditions.
Moreover, it increases the margin of error because you will have to manage multiple trades at the same time.
First of all, decide on a starting point. For example, take a look at the current price of 1.12360.
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- Use a demo account or a small live account first to practice this trading system
Choose the number of grid Forex strategy levels – in this example, there are three levels.
Now, place three buy stop orders above the current price of 1.12360 and three sell stop orders below it.
This “GRID Builder MT4 Trading Indicator” is a good tool to plot the grid.
Note that there are other ways to plot the grid’s leg – pivot points, chart formation, support and resistances, etc.