Grid Settings
In here you define at what levels the bot will add to the losing position. This is a very important setting as it will define how aggressive your trading approach will be.
Grid Initial: Use Grid
Here you define if you want to use the Grid setting.
Advice: Set this to True.
Trades Multiplier After
Here you define after how many trades the lot size will be multiplied. If you fill in 1, every new trade the lot size will be multiplied. If you fill in 5, every 5 trades the lot size will be multiplied.
Advice: Set this to 1 or 5, depending on your risk structure.
Multiplier
Here you define with what amount your lot size will be multiplied. If you fill in 2, it means that it will multiply by 2 (0.01 lot size will turn into 0.02) If you fill in 5, it means that it will multiply by 5 (0.01 lot size will turn into 0.05).
Advice: Set this to 2 or 3, depending on your risk structure.
Pips Between Trades
Here you define how big the grid size is. If you set this to 10, it means it will add a trade every 10 pips when price moves in the wrong direction.
Advice: Set this to 10 or 20, depending on your risk structure.
Take Profit
Here you define at what amount of pips it will take profit. Filling in 10 means it will take profit when price is 10 pips into profit. Setting this to 0 means the trade will not have a take profit.
Advice: Set this to 10.
Grid 1
You can choose to use different grid rules after X amount of trades. If you set the 'Trades Multiplier After' for Grid 1 at 5, it will active the grid rules of Grid 1 after 5 trades. If you set this number to 99999, it will not use new grid rules as it first needs to reach 99999 trades.
Grid 1: Trades Multiplier After
Here you define after how many trades Grid 1 will kick in.
Advice: Set this to 1 or 5, depending on your risk structure.
Grid 1: Multiplier
Here you define what new multiplier the grid will use.
Advice: Set this to 2 or 3, depending on your risk structure.
Grid 1: Pips Between Trades
Here you define how big the new grid size is. If you set this to 20, it means it will add a trade every 20 pips when price moves in the wrong direction.
Advice: Set this to 10 or 20, depending on your risk structure.
Grid 1: Take Profit
Here you define at what amount of pips it will take profit when the new grid has been activated. Filling in 10 means it will take profit when price is 10 pips into profit. Setting this to 0 means the trade will not have a take profit.
Advice: Set this to 10 or 20, depending on your risk structure.
Grid 2
You can choose to use different grid rules after X amount of trades. If you set the 'Trades Multiplier After' for Grid 1 at 10, it will active the grid rules of Grid 1 after 10 trades. If you set this number to 99999, it will not use new grid rules as it first needs to reach 99999 trades.
Grid 2: Trades Multiplier After
Here you define after how many trades Grid 2 will kick in.
Advice: Set this to 1 or 5, depending on your risk structure.
Grid 2: Multiplier
Here you define what new multiplier the grid will use.
Advice: Set this to 2 or 3, depending on your risk structure.
Grid 2: Pips Between Trades
Here you define how big the new grid size is. If you set this to 20, it means it will add a trade every 20 pips when price moves in the wrong direction.
Advice: Set this to 10 or 20, depending on your risk structure.
Grid 2: Take Profit
Here you define at what amount of pips it will take profit when the new grid has been activated. Filling in 10 means it will take profit when price is 10 pips into profit. Setting this to 0 means the trade will not have a take profit.
Advice: Set this to 5 or 10, depending on your risk structure.
Image of Backtest
To make sure your grid works correctly, simply run a backtest and find a period where the drawdown reached your furthest grid.
Modify TP After X Hours
Here you define if you want to modify your Take Profit after X hours. If you fill in 24, the changed take profit will activate after 24 hours of being in the trade.
Advice: Set this to either 48 or 99999, depending on your risk structure.
Multiply TP by
Here you define with what number the Take Profit will be multiplied after the 'Modify TP After X Hours' has taken place. If you filled in 24 at 'Modify TP After X Hours' and you fill in '0.2' at 'Multiply TP by', it means the Take Profit will be multiplied by 0.2 after 24 hours. So if your initial Take Profit is 10 pips, it will now be 2 pips.
Advice: Set this to 0.2 or do not use this, depending on your risk structure.
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