PipFinite Trend Grid EA Review

The Pipfinite Trend Grid EA is an expert advisor for MetaTrader 4 and 5 created by Karlo Wilson Vendiola. This automated trading system uses a grid-based strategy that takes advantage of market trends by opening multiple positions in the direction of the trend.

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Overview of PipFinite Trend Grid EA

The core strategy of the PipFinite Trend Grid EA revolves around using the PipFinite Trend PRO indicator to identify the overall market trend. Once a trend is identified, the EA will open an initial trade in the direction of the trend.

If the price moves against the initial trade, the EA will add additional positions using a grid system to average into a profitable move. As the price continues in the direction of the trend, the EA will close the trades at incremental take profit levels.

Key features:

• Built-in PipFinite Trend PRO indicator algorithm
• Automatic adjustment of take profit levels during volatility
• Aggressive trading with multiple entries per trend
• Dual grid system for buying and selling independently
• Protection against spikes, slippage and disconnections
• Fully customizable grid spacing and take profit levels

Trading logic:

The PipFinite Trend Grid EA uses a 3-phase approach:

1. Initial trade – Opens a trade based on Trend PRO indicator signal
2. Middle step – Adds positions using grid strategy against initial trade
3. Final step – Closes grid trades at incremental take profit levels

Each step can be fully configured in terms of grid spacing, take profit levels, and other parameters. This allows traders to customize the EA based on their risk tolerance and market conditions.

Performance:

Backtests conducted by the developer show consistent profits across multiple currency pairs and timeframes. However, past results do not guarantee future performance. It’s recommended to run your own backtests before using this EA.

Real-account monitoring on MyFXBook shows a gain of over 800% in one year of trading. Although promising, these results should be taken with caution due to the high risk associated with grid trading systems.

Using PipFinite Trend Grid EA

Requirements:

• MetaTrader 4 or 5 trading platform
• PipFinite Trend PRO indicator (bundled with EA)
• Minimum deposit of $300 recommended

Steps to use:

1. Download and install the PipFinite Trend Grid EA and Trend PRO indicator
2. Attach the EA to a chart of your desired symbol and timeframe
3. Input parameters based on your risk tolerance and market conditions
4. Enable the EA and start automated trading

Parameters:

The EA has over 50 input parameters that control all aspects of the trading strategy. Some key parameters include:

• Trade direction – Allows trading only buys, only sells, or both
• Grid spacing – Distance in pips between each grid trade
• Take profit levels – Incremental profit targets for closing trades
• Max spread – Avoid trading during high spread
• Max trades – Limits the number of total grid positions

Risk management:

• Use low leverage to avoid margin calls during drawdowns
• Start with small position sizes and reinvest profits
• Use wider grid spacing and conservative take profits
• Monitor overall exposure and be ready to intervene

Tips for best results:

• Optimize parameters for specific market conditions
• Trade on higher timeframes (H1, H4) to avoid overtrading
• Be patient and let the grid system work over time
• Avoid trading during major news events

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Pros and Cons

Pros:

• Takes advantage of strong trends
• Flexible grid trading system
• Customizable parameters for risk management
• Active development and support

Cons:

• High risk due to grid trading
• Requires extensive backtesting and optimization
• Potential for large drawdowns if not managed properly
• Over-reliance on indicator for trading signals

Verdict

The PipFinite Trend Grid EA provides traders with an automated system to capitalize on trending markets using a grid-based strategy. The ability to fully customize the EA’s parameters allows traders to reduce risk and adapt to changing market conditions.

However, the inherent risks of grid trading remain. Traders should approach this EA with caution, using proper risk management techniques and continuously monitoring performance. Extensive backtesting is required to find optimal settings.

Overall, the PipFinite Trend Grid EA is a useful tool for experienced traders with a solid understanding of grid trading strategies. With the right approach, it can be a profitable addition to a diversified automated trading portfolio. But it’s not a plug-and-play solution and requires skill to trade profitably.

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