Grid Trading with Pending Orders and a Daily Reset Window

Summary

The Simple_Grid expert adviser places pending orders at preset intervals above and below the current price. Users choose either stop orders or limit orders, set the distance to the first order, the grid spacing, the number of orders on each side, a take-profit target, and a fixed lot size. The grid has no stop-loss. At 23:30, untriggered orders are removed; a new grid is placed only after 4:00.

The document describes configurable mechanics rather than a validated trading method. It supplies no backtest, market conditions, or performance data, and explicitly says the program was created while learning the programming language and is not intended for real-account trading or profit. A grid without stop-loss protection can accumulate exposure as price moves, and the described schedule and order type alone do not establish a risk limit or an edge.

Key ideas

• The adviser places pending orders at configured intervals on both sides of the current price.
• Users select stop or limit orders and configure grid spacing, initial distance, order count, take profit, and fixed lot size.
• There is no stop-loss, and untriggered orders are cleared at 23:30.
• The document presents the adviser as a programming example, not a real-account profit strategy.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.