🏆 📊Grid Trade Signal🏆 📊
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AUD/NZD 👉 BUY
Long Term Signal
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Order 1 - Entry - 1.0710 Take-Profit: 1.0764
Order 2 - Entry - 1.0674 Take Profit: 1.0728
Order 3 - Entry - 1.0638 Take-Profit: 1.0692
Order 4 - Entry - 1.0602 Take-Profit: 1.0656
Combined Stop-Loss: 1.0530
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Get Trade Signals from Live Forex Signal App For All Major Indices, SpotGold, Silver, CFD WTI and Forex
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https://preview.redd.it/62zzfvssz03a1.png?width=940&format=png&auto=webp&s=32c1bb12fee80ac162eb9a0d3466d5dd93dfcf6b

🏆 📊Grid Trade Signal🏆 📊
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AUD/CHF 👉 SELL
Timeframe: Daily
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Order 1 - Entry - 0.6387 Take-Profit: 0.6327
Order 2 - Entry - 0.6427 Take Profit: 0.6367
Order 3 - Entry - 0.6467 Take-Profit: 0.6407
Order 4 - Entry - 0.6507 Take-Profit: 0.6447
Combined Stop-Loss: 0.6587
​
Get Forex Trade Signals For All Major Indices, Spot Gold, Silver and CFD Crude Oil.
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🔔Sign Up For a Free 10-day Trial!
Visit:👉 https://bityl.co/E9wc
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Download the App Now:👇
Play Store ♾ https://bityl.co/DRdC
App Store ♾ https://bityl.co/DRdF
https://preview.redd.it/m7red4vp912a1.png?width=940&format=png&auto=webp&s=403cc50b2e41b6ab5a27e7e59975a5eba0129496

You can see how my current loss, even though the current price it is only a tiny bit above the line i bought it for, is very large (in the red bar). And even when the current stock value it is at the line i bought it for, it still says i have a loss. Can someone explain why? (Also ik this trade is also pretty bad)
https://preview.redd.it/splpqgikfw1a1.png?width=2172&format=png&auto=webp&s=3bd1aa9a6c840d4242762ee3ce71feacdc30acc7

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https://preview.redd.it/sv9hwmt7na1a1.png?width=800&format=png&auto=webp&s=540d90d47dc71eccebbb90d34b903b8bdbd85b50
A stop loss is an order placed with a broker to close a trade once the currency pair reaches a certain price. This is done to limit losses in case the market moves against the trader.
There are a few things to consider when placing a stop-loss order. First, you need to decide where to place your stop loss. A good rule of thumb is to place your stop loss at a level that is below a recent low if you are long a currency pair, or above a recent high if you are short a currency pair. Second, you need to decide how much risk you are willing to take. Your stop loss should be placed at a level that you are comfortable with, but remember that the larger the stop loss, the greater the chance that your position will be closed out prematurely. Third, you need to decide what your profit target is. Once your position hits your profit target, you can close out your position and take your profits. Stop loss orders can be a useful tool in forex trading.
https://supermarketfx.com/what-is-a-stop-loss-order-and-how-do-i-use-one-in-forex-trading

🏆 📊Grid Trade Signal🏆 📊
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EUCHF👉 BUY
Daily Signal
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Order 1 - Entry - 0.9686 Take-Profit: 0.9726
Order 2 - Entry - 0.9646 Take Profit: 0.9686
Order 3 - Entry - 0.9606 Take-Profit: 0.9646
Order 4 - Entry - 0.9566 Take-Profit: 0.9606
Combined Stop-Loss: 0.9486
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Grid Trading

In this article we are going to discuss a trading strategy called grid trading, whose name comes from the appearance of the charts of the traders who use it.
Those who use this system state that its principles are completely opposed to what is normally taught about money management and market operations in general, however they also affirm that it works and that if it is used in an appropriate way it can generate profits in a profitable way.
However, others say that it is nothing more than a siren's song and that it only ends up causing losses. Next we are going to present the principles of Grid Trading in such a way that you form your own opinion.

What is Grid Trading?

We can define Grid Trading as a famous trading strategy that allows the operator to enter the market regardless of the movement it has. As mentioned at the beginning, the philosophy behind this system goes against the accepted principles of most money management and trading in general.
In this case, profit is made when once a buy order is executed, for example, the price moves to the next higher band where a sell or even another buy order is executed. As we will see later, it is a system that requires discipline, patience and capital on the part of the trader. Those who operate regularly based on Grid Trading,
Likewise, it can be used to operate 24 hours a day or stop trading at any time, it is also possible to withdraw the capital at the desired time.
This system that consists of drawing a series of horizontal lines on a price chart in such a way that there is always the same distance between a level and those that are next to it.
Each line drawn corresponds to a price and in all of them a purchase order and a sale order are placed, which have a take profit (Take Profit) that is equal to the separation between the levels. In no case are stop-type orders associated.
All these drawn lines give the graph a grid appearance from which they take their name, as shown below:
Chart with Grid Trading applied
The Grid is defined by a series of variables that provide a huge variety of possibilities when using it as a trading system since we can configure them with an infinite number of values. Depending on these parameters, systems based on Grid Trading can be very different from each other and even opposite.
In this article we are going to focus mainly on the “Classic” version to call it something, which does not use Stop Loss, where the levels are equidistant from each other and fixed and the Take Profit associated with each operation is equal to the distance in points that exist between the different levels.
Over time, a Classic Grid accumulates latent losses in the trader's account, while at the same time the balance grows linearly. Therefore, the profitability of the Grid depends entirely on the number of times the asset price crosses the various levels.
In this way, if we have a grid with a defined width and density of levels, there is a minimum number of level crossings that need to occur continuously (without the price escaping its limits), from which the system produces benefits, since the total sum of profits exceeds the sum of latent losses that accumulate

How do grids work?

To understand how grids work, we are going to give an example. First imagine that you have a candlestick chart on the EUUSD pair on a 30-minute time frame which spans several days, including the weekend, which was included so that we can later study the effect of roll overs.
Now we place the lines of the grid every 30 pips, separating the lines of type Bid and those of Ask type by means of the spread, which for the purposes of the graph we can assume constant and about 2 pips. In this way, when we open two trades at the same point, the buy trade opens at the Ask and the sell trade at the Bid.
When we close the positions, the purchase position is done at the Bid level and the sale position is at the corresponding Ask level.
We must take this into account when making the calculations, since every winning trade that is closed at the next level will have a profit of 28 pips, which corresponds to the 30 pips of distance between the different levels minus the 2 pips of the spread.
The positions that remain open contribute what is known as a latent loss that is calculated by adding the distance between the levels and the spread that is paid in each operation. For example, a losing trade that closed 1 level away accumulates an underlying loss of 32 pips. If the distance to the entry price is two levels, the accumulated loss is 64 pips.

The different variables of a Grid

Grids can have an infinite variety of variables for their configuration, however, regardless of their complexity, all of them are characterized by having a few variables that are used to define their main structure and which we will mention below:
-The range:
It is the distance in pips between two contiguous lines of the Grid. It is one of the main variables and the final performance that the Grid can provide to the trader depends on it. If lines with a lot of separation are used, a little active Grid will be produced, which will be more exposed to rollovers and, above all, will be exposed to long-term trends, since they will not be able to take advantage of reversals in trends in such a way that compensate for the losses produced by the breaks of new levels.
On the contrary, very close levels create a much more active Grid, which takes good advantage of constant trend changes and market noise, although they are more complex when it comes to replenishing orders and solving various problems inherent to operations such as They are the requotes, loss of connection, gaps, stops and others.
Likewise, they are susceptible to being affected by short-term trends. For example, a session that presents a strong intraday trend can cause high losses in a very dense Grid, without being able to take advantage of the normal corrections that usually occur in any trend of this type. The range between the lines of the Grid must be adjusted according to the volatility of the market, the instrument with which we operate and its complexity.
Generally, the range is usually fixed, although it can be made variable. The range between the lines of the Grid must be adjusted according to the volatility of the market, the instrument with which we operate and its complexity. Generally, the range is usually fixed, although it can be made variable. The range between the lines of the Grid must be adjusted according to the volatility of the market, the instrument with which we operate and its complexity. Generally, the range is usually fixed, although it can be made variable.
-Take Profit for open trades: Normally the take profit of each position is equal to the distance between the adjacent levels of the Grid minus the spread charged for each trade. Depending on the broker, in a market like Forex, the spreads are usually fixed and constant, although depending on the conditions, they can sometimes vary.
In other markets, the spread varies constantly, which is why slippage occurs that will complicate operations with a Grid system.
-Stop Loss for open trades:
This variable allows you to control the level of loss that can be assumed for each open position. In traditional Grids, it is operated without associated Stop Loss. However, this does not mean that the Grid does not have a general stop, in fact, every Grid must have a general stop that serves as protection against excessive losses that the trader cannot assume.
This stop is responsible for closing all positions if it reaches a set price level.
-General Stop Loss of the Grid:
It is a very important parameter that allows us to establish the amount of capital of our account that we are willing to lose if we operate with an Open or classic Grid. The most advisable thing is to configure it according to the principles of money management and apply it to any Grid that we use in such a way that a margin call is not suffered.
Never forget that Grid Trading is a high risk system and assuming otherwise can be dangerous.
-Grid Size:
This parameter is determined by the maximum number of lines that the Grid can open and determines the level of risk that the trader assumes with this trading system.
-Volume per operation:
This variable determines the number of lots or contracts that are opened in each line of the Grid. In the simplest Grids the volume is constant, however in the most complex it is sometimes variable.
For this type of system, small lot sizes are recommended, since their correct sizing is essential so that a Grid does not reach the margin call point or the general Stop Loss level of the Grid with only a few open levels.
-Take Profit closing the Grid:
This very important variable allows determining the accumulated profit from which the Grid should be closed. In fact, the greater or lesser success of a Grid Trading system in the medium and long term depends a lot on the correct configuration of this variable and the general Stop Loss.

Main types of Grids

The following is a list of the main types of Grids:

1. Side Grids.
2. Trend Grids.
3. Balanced Grids.
4. Multiple Grids combined.

Advantages of Grid Trading

• Its rules of operation are quite simple and easy to automate. Grids are based on very clear and simple principles which facilitate the creation of program algorithms capable of executing the system accurately even without human intervention, especially if it is a question of "standard" Grids. In fact, in-depth knowledge of the market is not required to design such a system.
• It is not necessary to determine what behavior the market will have in the future. Grid Trading systems (especially the Classic Grid) generally do not require predicting what the market will do in the future, which is why they do not usually use indicators like other systems. However, this is not entirely true when more complex Grids are used, such as Combined Multiples or Balanced Grids, for example.
• Grids can be modeled mathematically. Regardless of the type, all Grids can be modeled mathematically, which makes it possible to simplify both their operation and their study.

Disadvantages of Grid Trading

• Grids violate the new rules of the NFA (National Futures Association) implemented in 2009 that prohibit hedging, that is, the opening of opposite positions in the same instrument and at the same time. This has caused many traders to move their account to European brokers or brokers from other regions which do not have to comply with the NFA regulations.
• Grids are generally difficult to run manually without the help of a program designed for that purpose. The shorter the time frame used in the Grid, the more complicated its execution and require constant attention.
• They are a high risk system, higher than beginning traders often think. The main reason is that most traders are attracted by the apparent simplicity of these systems without really understanding what they are. In addition, they do not investigate what the mathematical model of the Grids consists of, since the only thing that interests them is the promise of operating in the market and obtaining profits without the need to predict how the price of the instrument will behave in the future.
• The operation of systems based on Grids is sensitive to errors in the execution of orders. Those positions that do not open or close at the point and time determined by the system (Grids depend on the precision in the execution of orders) can easily cause problems to the system, which forces the Grid programmers to try to implement complex solutions that end up overcomplicating the simple basic programming that a Grid requires to operate automatically.

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