PipTick Grid Trader is very special EA that allows traders to benefit from sideways markets. It trades long and short side separately and creates two different grids according to its setting. Both side has its own account and virtual take profit, determined in money. EA also uses virtual stop loss, which is based on the percentage amount of the account. Traders can work with classic grid where the distance between orders are fixedly set or choose more "adaptive" dynamic grid with ATR based distance orders.
This EA is not "plug and play" or "ready-made" trading robot. It was developed for semiautomatic grid trading. It offers traders the option to create their own know-how and procedures. For example, you can decide whether to use martingale or hedge functions, set different take profits for long and short side, use different order distance and many more.
Take your time to test demo. You should be always perfectly familiar with your EA before a live trading.
Make some backtests. It's good to know what settings work for a specific market.
Never use too little distance between orders. The vast majority of grid strategies fail because they use inappropriate distance of orders. Based on the statistics, you're more likely to succeed if you use a larger distance of orders. We recommend to use at least 40 pips.
Never trade just one market. If you use our EA for trading at least offive uncorrelated marketsat one time, you will dramatically reduce the risk. Trade portfolio is the best way how to avoid a big drawdows. But don't worry, you do not need a huge trading account to trade portfolio. As you will see on your demo account, the portfolio can be traded with the amount from 1 000 USD.
Never trade before big red news. We never know what will happen once the report is published. Remember, grid strategy is intended primarily for sideways markets.
Close all grids before weekend. No one knows where the market opens on Monday. If the market makes a gap, some of our orders can not be filled. For grid strategy it is vital to fill all the orders that should be activated.
Avoid the strong trending markets. With the right settings you can use our EA even in trending markets. However, it is not appropriate to use it in the time of strong trend.
Save your settings and make your presets. We recommend to use this function for faster work with our EA.