Forex grid system

This article will show you the Forex grid system.

The Forex grid system can not make money in a trending market. So I need some other Forex trading strategies.

First I will set up a grid on AUDUSD, use 0.01 to 0.02 lots for a $3000 account and select the daily chart.

select the daily chart to set up a grid from ctrader 

The price is currently at 0.7392. The order book would look like this:

• 1 December buy limit 0.02 @ 0.7392
• 13 December close 0.02 @ 0.7495
• 15 December buy limit 0.01 @ 0.7395
• 16 December buy limit 0.01 @ 0.7364
• 19 December buy limit 0.01 @ 0.7297
• 19 December buy limit 0.01 @ 0.7252
• 22 December buy limit 0.01 @ 0.7222
• 26 December buy limit 0.01 @ 0.7182 
• 29 December close 0.01 @ 0.7222 
• 4 January close 0.01 @ 0.7254 
• 4 January close 0.01 @ 0.7275
• 5 January close 0.01 @ 0.7310
• 9 January close 0.01 @ 0.7370
• 12 January close 0.01 @ 0.7442

Third you can change the Forex trading lot sizes in trend markets. For example The order book would look like this:

• 1 December buy limit 0.02 @ 0.7392
• 13 December close 0.02 @ 0.7495
• 15 December buy limit 0.01 @ 0.7395
• 16 December buy limit 0.01 @ 0.7364
• 19 December buy limit 0.02 @ 0.7297
• 19 December buy limit 0.01 @ 0.7252
• 22 December buy limit 0.03 @ 0.7222
• 26 December buy limit 0.04 @ 0.7182 
• 29 December close 0.04 @ 0.7222 
• 4 January close 0.03 @ 0.7254 
• 4 January close 0.01 @ 0.7275
• 5 January close 0.02 @ 0.7310
• 9 January close 0.01 @ 0.7370
• 12 January close 0.01 @ 0.7442

Fourth decide the general trend on daily chart. For example you should set the grid using trend line. So you trade into the trend with the forex grid system.

downtrend on daily chart from ctrader

Fifth set a stop-loss order, or you will decrease the number of trades.

Now you have to open a demo account and test the forex grid system

Finally Perhaps forex grid system that don't work for you. So you have to find a forex system that you feel comfortable.

Further reading Why Trading The Daily Charts Will Improve Your Trading Results

The Opportunities of Trading the Forex Hedged Grid System

Forex grid system trading

Many traders believe that grid trading is the worst system. Actually it's very good. Now I will show you the Forex grid system.

First I would buy a currency with a high interest rate and earn that interest and follow the range-bound markets. Therefore I will set up a grid on AUDJPY.

Second I will select the daily chart and use 0.01 to 0.02 lots for a $3000 account.

AUDJPY daily chart from ctrader

The price is currently at 87.26. The order book would look like this:

• 22 February buy limit 0.01 @ 87.266
• 23 February buy limit 0.01 @ 86.88 
• 23 February close 0.01 @ 87.266
• 24 February buy limit 0.01 @ 86.91
• 27 February buy limit 0.01 @ 86.03
• 1 march close 0.01 @ 86.91
• 1 march close 0.01 @ 87.266
• 2 March close 0.01 @ 87.382

Finally the main problem with this forex grid system is may blow up your forex account.Because I can't set up the stop-loss order.

In a word many traders believe that forex grid system is entirely too risky.