If you’re diving into grid trading, you’re in for an exciting ride! This strategy revolves around some pretty intriguing entry criteria and includes handy functions that I’ve leveraged to build this trading bot. Recently, it’s shown promising potential in the markets, but a few tweaks are necessary before you start testing it on a demo account or with real cash. Just a heads-up, the backtesting is done with a leverage of 30.
Here’s a quick rundown of the four key inputs:
- Take Profit (TP): This is the multiplier of your total investment. For instance, if you’ve invested $1,000 and set the TP to 0.05, your bot will close trades as soon as you hit a $50 profit.
- Multiplier: This refers to the volume multiplier within the grid.
- MaPeriod: This is the moving average period used in the Bollinger Bands.
Oh, and one more thing—the Stop Loss is set to 10 times the take profit. That means you’re keeping a tight leash on your trades.
Hope this info helps you out on your trading journey!