Very Blonde System: Reversal Entries with a Reinforcement Grid
Summary
The Very Blonde Expert Advisor waits for a price change that exceeds a configurable pip threshold within a chosen number of bars, then opens a position in the opposite direction. It can also place a configurable grid of limit orders to reinforce that position. Positions are closed when a specified profit amount is reached; the description also gives an alternative balance-relative profit condition. A separate LockDown setting can close positions after an adverse move reaches a pip threshold.
The approach combines short-term reversal logic with averaging through added orders. The document explicitly warns that this can expose the account to a large number of lots and says the EA is not recommended for live trading. It mentions an example on a one-minute EURUSD chart and suggests optimization, but supplies no backtest results or risk estimates. Grid spacing, order sizing, maximum exposure, and behavior in sustained trends are not fully explained, so the stated exit mechanisms do not establish that losses are bounded.
Key ideas
- The EA detects a large price move over a configurable bar count and enters in the opposite direction.
- It can add limit orders in a configurable grid to reinforce the position.
- A target profit condition closes all open positions, with an optional balance-linked threshold.
- A LockDown setting can close positions after a specified adverse pip move.
- The author warns that the grid can create substantial lot exposure and advises against live use.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.