Trend trading is one of the most reliable and simple forex trading strategies. As the name suggests, this type of strategy involves trading in the direction of the current price trend. In order to do so effectively, traders must first identify the overarching trend direction, duration, and strength.
Read moreWhat is grid size in forex?
Actually, the grid is formed by the buy stop and sell stop orders placed at a determined distance above and below the entry point. 10-20 pips is a common interval size in a grid . So, the number of pips in a grid, which is usually made up of about 5-15 orders, is about 50 to 300.
Read moreWhat is the grid strategy?
Grid trading is an automated currency trading strategy where an investor creates a so-called “price grid” . The basic idea of the strategy is to repeatedly buy at the pre-specified price and then wait for the price to rise above that level and then sell the position (and vice versa with shorting and covering).
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