i was thinking of this idea ....
need some modification to this EA .
suppose the price is at x .... i need say 20 buystop orders above x and 20 sellstop orders below x with say 10 pip gaps between each order.
place a huge takeprofit but no stoploss..
there should be a function which monitors the profit when it goes to say 30 pips close the whole grid and restart.

Attached Files

MakeGrid193.mq4 (27.7 KB, 133 views)

This ea does all those features, the only thing it doesnt do is automatically restart. You will have to restart it manually.

That strategy works a lot of the time but when it doesnt it gets real nasty!

Here is the original thread at sbfx and I think at post 59 there is a word doc which explains all the functions.

http://www.strategybuilderfx.com/sho...highlight=grid

If we can have a smaller profit target , and the EA stops trading when that target is reached i think the draewdown can be kept to a minimum. do a manual calculation and you will see.