Recruitment of participants FRZ Ultimate Grid Maker MT4

FRZ Ultimate Grid Maker MT4



FRZ Ultimate Grid Maker is an EA tool that can be used to design and execute different grid trading strategies on Meta Trader. It supports three main types of grid trading namely basic grids, hedged grids, and trend-based grids. Both basic and hedged grids could enable traders to trade without considering the market trend. Once you set your grid strategy and other parameters, the EA will automatically create and manage the grid and its trades. It also features a news filter and a trend filter along with many other features.



The most basic grid system consists of placing buy pending orders above the current market price and sell pending orders below the current price at regular intervals. Each order is configured with a Take Profit equal to the distance between the different levels without any stop loss. The lot size would be the same for all trades.



In hedged grid trading, we place both buy and sell orders at the same time at each grid level. Usually we start with a buy and a sell at the starting price of the grid and then place pending orders for the required number of grid levels. No stop loss is used. The goal is to profit from the price differences between the buy and sell orders while minimizing the overall market exposure.



Unlike the previous two grid strategies, this grid strategy is a trend following strategy and therefore it can be either a bullish or bearish trend following grid strategy. These are suitable for trending markets. Under this strategy we enter the market in line with the trend and then add a grid in the trend’s direction with no stop loss but take profit which will be the same size as the grid space. So we trade only in one direction in this case.