Raptor Grid Bot
WHAT IS A FOREX GRID TRADING STRATEGY?
Grid trading is a strategy that aims to enter the market with a sequence of stop and limit orders. A forex grid strategy will try to benefit from market pull backs after it placed an opening position. Grid trading is very popular because of the fact that these strategies do not care if markets move up or down.
ADVANTAGES OF GRID STRATEGIES:
* Trade 24/5
* Minimum influence for stop loss hunting
* Not very spread sensitive
* Behaves well in thin markets
* Great results in ranging markets
* Triple digits returns
* Can be manually managed
So to pick currency pairs that are ranging will definitely decrease your risk.
HOW TO TRADE A FOREX GRID
There are many forex grid strategies so I will try to describe how traders use the grid EAs that we offer on our website. First you need to determine how much money you need in order to trade a specific pair(s).
So lets first have a look at the lot size and how many entries you can expect. Typically a grid strategy starts with a 0.01 lots size where it builds up its position in case the market goes the other way. Because of this a grid will usually show a minus in your account.
Depending on your account size a regular draw down of 5-10% is typical. The most successful grid users have found the ultimate solution to manually steer their EA in case markets show some waves. In case you are not a manual trader its better to simply switch off the Ea for that specific pair. Therefore its important to always be aware of the global market situation.
IDEAL FOR LAZY TRADERS
Maybe the biggest advantage of forex grid trading is that you do not have to worry about the market direction. Whether it goes up or down, a forex grid strategy will always make sure it’s on the right side of the market by simply adding positions. So in case you are stressing out in front of a computer screen whilst trading, a forex grid strategy is the way to go.
Bear in mind that the one thing a grid does not like is a strong market trend without any pull back. Thus in case your forex grid ea does
not make large steps (market entries) and you stay within ranging markets a grid strategy will do great. Typically it can happen that you
have to add funds and is well accepted by most traders. To aim for triple digit annual profits does not come for free.
Make sure you always keep an eye on your account and in some cases it doesn’t hurt to do a manual trade as well.
Raptor Bot Parameters
============= Setting Trade =============
Window: Activate (true) or deactivate (false) the information panel.
DualTrade_Buy_Sell: Allow (true) or deny (false) simultaneous purchase and sale.
NewTradeBuy: Allow (true) or deny (false) open buy orders.
NewTradeSell: Allow (true) or deny (false) open sell orders.
OnNewBar: Allow (true) or deny (false) On new bar.
MagicNumberBuy: Magic Number for Buy orders.
MagicNumberSell: Magic Number for Sell orders./p>
============= Setting Lot =============
StartLot: Initial Lot.
LotIncrement: Lot increase in coverage.
MaxLot: Maximum Lot Value.
MaxTrades: Maximum open trade.
============= Setting Auto-Lot =============
UseAutoLot: Activate (true) or deactivate (false) the autolote.
Profit_Level: Level of% taken from the balance.
AutoLot: Calculate the batch automatically, using a% of the balance.
AutoLotIncrement: Increase of the lot in the covers.
============= Setting Pip-Step =============
PipStep: Number of pips in which you put the extra orders.
PipStepExponent: PipStep increase in coverage.
============= Setting Profit Close =============
TakeProfit: Value indicating profit pips in each order.
PrimProfitPersent: 1º Percent profit to close.
SecProfitPersent: 2º Percent profit to close previous last order.
============= Setting MA =============
IMA_1: Order Sign Buy.
IMA_2: Order Sign Sell.