The Grid Trader Expert Advisor is a very special algorithm that allows traders to benefit from sideways markets. It trades long and short sides separately and creates two different grids according to its setting. Each side has its account and virtual take profit, determined in money.
EA also uses virtual stop loss based on the account’s percentage amount. Traders can work with a classic grid where the distance between orders is fixed or choose a more “adaptive” dynamic grid with ATR-based distance orders.
This EA is not a “plug and play” or “ready-made” trading robot. It was developed for semiautomatic grid trading. It offers traders the option to create their know-how and procedures.
For example, you can decide whether to use martingale or hedge functions, set different take profits for the long and short side, use different order distances, and many more.