Tuesday, January 13, 2009

Grid / Hedge

The main idea behind this EA is to draw a hedge like HedgeEA, between two currency pairs, and then draw grid's on top of this hedge. There are many ways of use of this EA, maybe in the future we could automate all this but for now let keep it manual.

Currently the EA has the ability to redraw the grid closer to the price if the Price moves behind the Pip Divergence parameter.

For example:
We use a GBPJPY / CHFJPY with a 10 pips grid Offset and 50 pip divergence.

What this will do:
It put orders for the hedge, the place pending orders for the grid and then imagine that the price drops 60 pips on GBPJPY it will delete the grid for this pair and redraw the grid closer (10 pips) from the price to capture profits quicker. The same can happen on the opposite pair.

It is hard to try to explain this way, but I could try to do best if some of you did not understand the logic behind this.

Regarding the grid, the main idea must be to not allow the grid to have more than one position open without SL. This SL can be set by breakeven or when another position is open.

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