Forex grid trading strategies

This article will show you the forex grid trading strategies.

Grid trading system explained

First, some traders don't think forex grid trading requires forecasting of the market direction.

No,I don't think so.You have to firstly determine the general trend and movement on daily/weekly chart.

Second, some traders think forex grid trading requires to have several positions opened at the same time.

No. Beginners have to begin grid trading on the daily chart.On the other hand,you should fund the forex trading account with $30000

For example I will use 0.1 or 0.2 lots for a $30000 account.What's more I will focus on one currency pair.

Third, some traders suppose forex grid trading requires stop-loss orders.

Yes, you have to set stop-loss orders. Furthermore you will decrease the number of trades.

Here is an example of the Forex grid trading strategies

First I will only focus on USDJPY and use 0.01 or 0.02 lots for a $3000 account.

Second determine the major trend on daily chart.The USDJPY support levels are at 113,112.52,111.37.

USDJPY grid trading on daily chart from mt4 

The order book would look like this:

• 2 February buy limit 0.01 @ 113.03
• 3 February buy limit 0.02 @ 112.59
• 3 February close 0.02 @ 113.07
• 6 February buy limit 0.05 @ 112.26
• 6 February close 0.05 @ 112.35 
• 6 February buy limit 0.04 @ 112.5 
• 7 February buy limit 0.02 @ 111.74 
• 7 February close 0.02 @ 112.5
• 9 February close 0.04 @ 113.04
• 10 February close 0.01 @ 113.45 

Finally you had better open a forex demo account and test the forex grid trading strategies.It can help you build confidence and find the weakness.

Sure enough forex grid trading strategies are very simple. First your primary focus is on the daily charts.Second you are required a sufficient amount of money on forex trading account.

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