FX Trading Diary GRID KING Diary of a total newbie

Mike

Serious Forex Trader
Grid King uses the "return to mean" principle, meaning that it will place orders, average them out, add profit, and close. Perhaps explained in a bit too simple manner :D but this is how a grid with this approach looks. In fact, the profit that you made, was also made like this ;)

So you might want to look under the hood also for grids that have done well so you understand what Grid King is doing ;)
 

Helen

Ready for Forex Prom!
Grid King uses the "return to mean" principle, meaning that it will place orders, average them out, add profit, and close. Perhaps explained in a bit too simple manner :D but this is how a grid with this approach looks. In fact, the profit that you made, was also made like this ;)

So you might want to look under the hood also for grids that have done well so you understand what Grid King is doing ;)
Great explanation @Mike :)!
 

Peaches

Forex College Student
Well well well, Grid King came back from that +1,000 drawdown, and closed everything quite neatly :)
I must say that I am very happy that everything turned out on...well...not a loss :)....but I must say I was a bit disappointed after having had some bacon on the line, and then having come up........:cry::cry::cautious:o_O(n) with barely 10 euros.....

I would have hoped such level of risk would have produced more, but well, it is what it is, and I am grateful I can trade another day :)


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CityMan

Forex Tourist
Well well well, Grid King came back from that +1,000 drawdown, and closed everything quite neatly :)
I must say that I am very happy that everything turned out on...well...not a loss :)....but I must say I was a bit disappointed after having had some bacon on the line, and then having come up........:cry::cry::cautious:o_O(n) with barely 10 euros.....

I would have hoped such level of risk would have produced more, but well, it is what it is, and I am grateful I can trade another day :)


View attachment 113
Wow, that was a pretty serious turnaround!
Dunno how much you actually have allocated on this grid, but so far, it wiped put a DD of 1,000 EUR :)
I would be feeling quite happy with a close like this.....any trade were you don't lose...is a win :D
 

Keltica

Forex Grad
Wow, that was a pretty serious turnaround!
Dunno how much you actually have allocated on this grid, but so far, it wiped put a DD of 1,000 EUR :)
I would be feeling quite happy with a close like this.....any trade were you don't lose...is a win :D
Totally agree @CityMan , a BREAK EVEN TRADE IS A WIN :)

Congrats @Peaches , that is a very good outcome considering it was starting to look......not too pretty ;)
 

Darth Mom

Forex High School Teen
Like I said, you have a point :) I am not saying you are wrong, but it's to be expected that after all that mess, @Peaches thought she would be rewarded more handsomely...that's all :)

And yes, I concur that a break even trade is a good close as well (y)
 

Peaches

Forex College Student
Hello all of you :)

Yes, of course I am happy with not having a loss :)
In fact, my Grid King grid is doing just fine, and step by step getting closer to my target :D
It has cleaned up very well, I have all my pairs running on a low number of open trades at the moment, very little risk on the board, looking GOOD :D!!!

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Peaches

Forex College Student
Solid results (y) Like it @Peaches :D:D:D

What is your final target with this Grid?
Actually it was:

700!!!!!!!!!!

So I am super uber duper happy to have reached my target :cool::D:p:p:D:p:love::love::love::love::love:!!!!!!!

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I will be g-r-a-d-u-a-l-l-y closing this grid....making sure it's all wrapped up before the UK elections :)
 
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