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Grids can be powerful and gobble up a lot of pips, but it can also be a Chinese water torture device when you don't know what you are doing. The swap and spread is never in your favor, and that's how the brokers win. The brokers just salivate when they see these huge grids building, first they love all the spreads being banked. And they know that eventually, when the grid gets too big, the investor is too deep in the knees to close it out, and they have you by the balls with the swap...and finally for the finishing move, they can spike the market temporarily to trigger a margin call based on their rules of liquidation. I do not mess with the grid unless it is set up properly, and I know exactly how to maintain it.
Running a grid like it was some kind of edge is for fools, and we all know what happens to fools and their money.
Although I do plan on using a grid on short term high profit high risk scenarios. But the risk to ruins is very high. If one can accept that fact, and understand it is purely gambling, then that's fine.
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Life is a Gamble. You win some. You lose some. And life goes on.
Last edited by Kenny Rogers; 12-01-2008 at 09:10 PM.
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