The Simple Grid Trader Generation 2
It all started with this video that has had 330 000 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 then create a Free Simple Grid Trader that expired after 30 days, did not allow automation and was 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 methods 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
Options to use the versions of the
Simple Grid Trading Robot
The FREE Simple Grid Trading Robot
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Uses only 2 settings to enter: The Gap Size and Position sizing
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Trades Profitably when used appropriately
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Trading guidance is provided
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Is a 30 day trial that does not repeat
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Cannot be optimized
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Cannot be used on Live Accounts
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Available in MT4 and MT5
The Simple Grid Trading Robot - Generation 2
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Has 3 main settings: The grid size, Position sizing and the Zero Drawdown setting
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Can be optimized
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Can be traded on Live accounts
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Offers enhanced drawdown management
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Can be used as often as needed and a continuously on up to 2 computers
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Available in MT4 and MT5
Click on the this link. Link in the video comments