Grid Trading Robot Options
1) the Free Simple Grid Trader,
2) the Simple Grid Trader Gen 2,
3) the Simple Grid Trader Gen 3,
EXPLAINED

The Simple Grid Trader Generation 2

It all started with this video that has had 360 000 views by traders who have an interest in Grid Trading
Although Expert4x has an advanced Grid Trading Robot (The GTM) that has been developed over the last 12 years, we recently createa a Free Simple Grid Trader which expires after 30 days, and which does not allow automation and is also not tradeable on a live account. It is however nicely profitable.
Later a further video was made showing the profitability of the Simple Grid Trader EA and ways of how to turbo boost results. A pruning method was briefly discussed
The Creation the Simple Grid Trader Generation 2
We then saw the need to remove all the limitations of the Free Simple Grid Trader and enhance it by adding the Zero Drawdown option. The Simple Grid Trader Generation 2 can now be traded as a fully owned Robot on any 2 computers, can be optimized, traded on a live account and has the the Zero Drawdown setting.
How the Zero Drawdown setting works is that when the Equity improves by a certain dollar amount determined by the trader, it will close all trades thereby locking the profit in and also creating time where there is ZERO drawdown as there are no open trades. It will then stop trading or continue by starting all over again.

The video show the Zero Drawdown setting (Called the "Closure at a Profit Amount" in the settings and the impact it has on trading results to reduce drawdowns
The Creation of Generation 3
On of the risks of Grid trading is that the currency traded will start trending un-expectantly and start opening many open trades with negative balances. To reduce the impact of many open trades the option has been created to increase gap sizing on a continuous basis. The result is that gap sizing increases for each new gap and consequently there are fewer open trades
EXAMPLE:
No Gap scaling: 50, 50, 50, 50, 50, 50 = 6 open trades after 300 pip movement.
With Gap scaling of say 20%: 50, 60, 72, 86, 103 = 5 open trades after a 371 pip movement.

Information about the Simple Grid Trader Generations.
(Click of the TABS below to see information about the various Grid Trader options)
Grid Trading is very simple. The trader creates a grid on the chart. The grid levels are separated by a grid gap (Normally measure in pips). Using this structure a buy and a sell trade is entered at the first grid level. The rules are simple: Make sure there is a buy and a sell open at each level visited by the price so that a positive trade can be assured. Cashin or close any positive trade when the price reaches a grid price level. Continue trading leaving negative trades open. Money is made when the price revisits levels over and over again.
Please watch this video for more information: https://youtu.be/1zKApgaX1eA?si=cv-3H4fvHlFUPFan
Use this link to download the Free Simple Grid Trader and for more details FREE GRID TRADER
The Simple Grid Trader (SGT) is the simplest way of doing grid trading. It is ideal for traders new to Grid trading to experience the fact that you can make money buying and selling at the same time. It is not intended to be used for a long period of time but serves as an introduction to grid Trading. Further enhancements are added in future generations of the Grid Trader that will add better risk management but it is important to have traded the basic strategy before moving to the more advanced strategies.
For more information and videos about this option please use this link> GEN 2
The Simple Grid Trader Generation 2 has everything that the Simple Grid Trader has but the ability to prune open trades profitably has been added. Many negative open trades can run up overnight broker charges as well as consume margin. To avoid this open trades should ideally be kept to a minimum.
A function has been added that records the total of trades closed profitably since the last profitable single trade and compares that to the total of all open trades. When the total of cashed-in trades becomes higher than the total of open trade by the amount specified in the settings all trades are closed. The trader can instruct the Robot to either stop trading at that point or to start trading a new grid. This makes sure that all open trades are closed at effectively a net profit and the the number of open trades is reduced.
Generation 3 has all the functionality of Generation 2 but has added functionality whereby the trader can increase the grid sizes by a percentage. The reason why this is important is that when the instrument traded starts trading it is a good option to increase grid sizes so that fewer trades are opened. This is another way of reducing the number of open trades in the grid.
The Grid Trader Generation 4 has all the functionality of Generation 4. It has added functionality whereby lot sizing will automatically increase as the account equity increases.
This option will be made available in in late April.

PLEASE NOTE THAT HEDGING TAKES PLACE SO GRID TRADING IS
NOT SUITABLE FOR US BROKER ACCOUNTS
Options to use the versions of the
Simple Grid Trading Robot
IMPORTANT: Before you purchase, please read our "Sales Agreement" and "Risk Disclaimer" at the bottom of the page. By Clicking on any of the PayPal Buttons, you are agreeing to the "Sales Agreement".
The FREE Simple Grid Trading Robot
-
Uses only 2 settings to enter: The Gap Size and Position sizing
-
Trades Profitably when used appropriately
-
Trading guidance is provided
-
Is a 30 day trial that does not repeat
-
Cannot be optimized
-
Cannot be used on Live Accounts
-
Available in MT4 and MT5
The Simple Grid Trading Robot - Generation 2
-
Has 3 main settings: The grid size, Position sizing and the Zero Drawdown setting
-
Can be optimized
-
Can be traded on Live accounts
-
Offers enhanced drawdown management
-
Can be used as often as needed and continuously on up to 2 computers
-
Available in MT4 and MT5
The Simple Grid Trading Robot - Generation 3
-
Has all the benefits and settings mentioned in the Simple Grid Trading Robot Generation 2 block
-
Has the added optional setting to increase the grid sizing by a percentage. This has risk reduction benefits.
Click on the this link. Link in the video comments
Please use this PAYPAL Button. $49.95
Please use this PAYPAL Button. $80.00
If you own generation 2 and you want to purchase generation 3 you can do so from the EAFactory generation 2 download page for $30