Grid Trading Lite EA 6.0

Metatrader (MT4) Expert Advisor

"A great trader is like a great athlete. You need natural skills, but you have to train yourself how to use them."
- Marty Schwartz
Grid trading is a highly profitable and mechanical trading strategy which has no reliance on direction, profits from volatility and uses the intrinsic wavy nature of the market.
  • Easy to set up and supervise
  • No indicators or hard analysis needed
  • Grid trading is time-frame independent
  • Requires little forecasting of the market
  • Extracts money out of the market regularly
The PZ Grid Trading Lite EA implements basic features:
  • Grids can be closed at the trader's discretion
  • It doesn't trade open ended grids, exposure is limited
  • The EA can manage buy and sell grids simultaneously
  • No pending orders are placed: only market orders
  • The grid is liquidated completely when it goes off-range
Learn to use grids with a stable and simple Grid Trading EA, at no cost, like hundreds uf users have already done.



What is grid trading?

Grid trading has become very popular amongst traders because it does not use stops, is highly mechanical, has no reliance on direction, uses the intrinsic wavy nature of the market, does not require indicators or charts to trade and can be easily automated. Grid trading refers to the trading approach which uses fixed price levels to enter and exit trades.

On the bright side, a grid trading strategy can profit from the same absolute market movement several times and can even make money if the market is moving against your grid. On the downside it can appear complex and illogical initially, it can incur large drawdowns if poorly managed, requires more patience than normal and may require forex traders to make a huge paradigm shift it their thinking.

Once a grid has been allocated, the system will cash-in profits every time the market moves the desired spacing and replace the trade as soon as possible to repeat the process. Hence, the expert advisor can cash-in the same price movement several times, capturing up to four or five times more profits than a single trade with the same exposure.

Anatomy of a trading grid

A grid is nothing more than a single deal or position segmented into several trades, which are cashed out independently from each other at regular intervals. This allows us to profit several times from the same absolute price movement.

All grids have a set of basic variables which define their structure and behavior:

Grid Size
The grid size is the amount of trades the grid can allocate. A grid has normally between 10 and 25 orders. Open-ended grids should not be used, as the total market exposure cannot be controlled.
Grid Spacing
The spacing is the gap in pips between trades of the grid. Such trades are generally spaced at 20-200 pip intervals. Big intervals are stable, can cover wide price ranges and are the best choice for live trading. On the other hand, small intervals are aggressive and more suited for trading championships.
Grid Lotsize
The lotsize for each of the trades of the grid.
Grid Range
The grid range is the price distance covered in total by the grid. For example, a grid of 20 trades with a spacing of 100 pips covers a range of 2,000 pips.
Grid Exposure
The grid exposure is the theoretical market exposure acquired if the grid is fully allocated. For example, 20 trades of 0,01 lots represent a total exposure of 0,20 lots, or 20,000 U.S Dollars.
How to set up a grid

Grid trading is much more profitable and safe if grids are allocated and configured manually by a responsible trader. To set up a grid, just follow the next steps.

1. Load the EA to the chart
The EA will start trading with default settings, but you can change them.
2. Choose a trading direction
If you think the market is going up or is close to a support level, you can start a Long grid. Likewise, if you think the market is going down or is close to a resistance level, you can start a Short grid. If no trend is present, you might want to start a bidirectional grid.
3. Choose the grid size, spacing and lot size
Enter the desired grid size, spacing and lotsize into the expert advisor. For live trading, a spacing somewhere between 80 and 200 pips is recommended. These parameters directly affect the equity risk of the grid, which is displayed on the top-right corner of the chart. You should change these values, decreasing trades, spacing and/or lotsize until the risk of the grid is less than 50% of your account. If not, the EA will not trade.
4. Done
Once the EA is loaded with your settings, if the risk is not dangerous, it will start trading and cash-in trades at regular intervals until the market goes off-range or until you decide to close the grid.

The Grid Trading EA offers many other options such as profit targets, different settings for each trading direction, cash-in multipliers, price limits and different behaviors. Consider buying it for live trading, as the adaptability it offers is almost infinite.

Settings and Input Parameters

When loading the expert to any chart, you will be presented with a set of options as input parameters. Don't despair if you think they are too many, because parameters are grouped into self-explanatory blocks. The only functional parameters are relative to the grid settings and all others are display settings.

Trading Direction
The trading direction sets the behavior of the grid. The grid can be long, short or bidirectional. Each grid can have different settings, which values are examined below.
Grid Size In Trades
This is the amount of trades in the grid.
Grid Spacing in Pips
The spacing, also known as the gap, is the distance between the trades of the grid, and it is also the profit target for each individual trade. For live trading, a spacing between 80 pips and 200 pips can be considered safe.
Grid Lotsize
This is the lot size for each trade of the grid.
Colors and sizes
This parameter block sets the color and sizes for labels and lines.
EA Settings
If you know what you are doing, you can change the Magic Number of the EA, the comment for the trades and override the value of one pip, which can be useful if you are trading CFDs.
Frequently Asked Questions
Should I use this Expert Advisor if I ignore what grids are?
Is grid trading a martingale?
I have heard that grid trading is dangerous. Is it?
Is grid trading NFA FIFO compliant?
Can I set the stop-loss for each trade or for the grid?