Originally Posted by nysnowboard

Hey Bill,

I have been reading a lot of good and apparently bad things about "grid-trading" which after days of reading still hasn't really formed a solid concept in my strained brain. What I am seeing is a lot of talk about "hanging trades" that continue to lose ground as the EA/system passes through time. I'm assuming that you use opposite directional hedges to address this but I am still confused about that... (remember I am a self-professed noob at this game >_>)

Also, in your checkgrid faq you mention that disassembling a grid is costly... I guess my question is how costly? Like, entire trading account costly? I guess the costs are not easy to calculate and are related to your open positions and where they stand.

I saw mention of some people doing "burst grids" which would close-out at a pre-prescribed time interval and prune any loser hanging trades. Would this be similar to your scalping method?

And finally (if you have gotten this far, and I apologize for the long message) I joined your pacificforex yahoo group but the checkgrid EA listed there (v1.8) is expired... how can I get a version that I can use to start wrecking demos? ^^

Thanks again and I hope this wasn't a 6 pack message... I've gone through about 3 trying to re-read this thread so far XD