Ok... I wanted to put this grid system at the biggest disadvantage I could. So, I picked one of the worst times to start the grid for the GBPUSD. I picked Nov 27, 2005. There was an intermidate term bottom here, and price rises swiftly from here through today. With a 1 pip step using 0.01 microlots, 15min timeframe and $10 target, the balance in May, 2006 is over $15K... however your equity is $0. Bust. I have tried a lot of different values of step, lots and profit targets for the GBPUSD on the 15 min timeframe. I don't think its possible. That timeframe sucks for the GBPUSD.

I have found that the larger timeframes will alleviate the problem of overpositioning on one side. However, if there was a better way to wash the portfolio of the losing equity side, you would be able to survive long trends. The hope is the currency will churn for a while... enough to rid yourself of some of the losing trades. This EA does a decent job, but once those positions are deep on the losing side... they stay losers and kill your equity. Especially when the GBPUSD never looks back like it has.

Volatility is a beautiful thing with this EA. Trends are fine, as long as there are some decent retracements.

Just for fun, i'm going to try the 5min timeframe...

Carl