Grid Down Levels


The Grid Down Levels tab is used to define an unlimited number of levels for a trading grid.  The following table describes each setting.



Parameter Name

Data type

Description

Grid Price Level

double

The price level which represents the start of this level.

For example, if the grid is started when the Bid price is 1.3450, a reasonable level for the first level would be 1.3430.  If the Bid price is ever at or below 1.3430, a trade will be opened as defined by the settings for the level.


This value may be an offset or an absolute price level.

  • An example of an offset is 25. This will define that the level begins at the Grid Start Price minus 25 pips.
  • An example of an absolute price is the 12-period moving Average, or any technical indicator that yields a price value.


Note: offsets are cumulative:  

If level 1 has an offset of 20 and level 2 has an offset of 30, then the start of level 2 is at:

Grid Start Price - 20 - 30

Trade Type

integer

Defines the type of trade opened when the Grid Price is in this level.  The choices from the pull-down menu are:

OP_BUY

OP_SELL

OP_BUYLIMIT

OP_SELLLIMIT

OP_BUYSTOP

OP_SELLSTOP

Note: Pending orders are not opened until the Grid Price enters the level.

Lot Size

double

The Lot size of any trade opened in this level.

The value may be multiple or a value.


  • An example of a multiple is 1.5.  This will define the lot size as 1.5 multiplied by the level number and then multiplied by the global Lots extern variable.

             Level 1: (1.5 x 1 x Lots)

             Level 2: (1.5 x 2 x Lots)

  • An example of a value is any valid lot number, such as 1.0, or any variable, such as the extern variable Lots.


Note: The global Lots extern variable is automatically created by VTS.

Stoploss

double

The stoploss value of any trade opened in this level.

The value may be offset or a absolute value.


  • The Absolute value option is useful for using technical indicator values or price values such as Low[1] or High[1].

Takeprofit

double

The takeprofit value of any trade opened in this level.

The value may be offset or a absolute value.


  • The Absolute value option is useful for using technical indicator values or price values such as Low[1] or High[1].



Add Level


The Add Level button on the bottom right corner of the window is used to add levels to the grid. In theory, an unlimited number of levels may be added, however the number will be bounded by the memory and processor of your PC.


Remove Level


The Add Level button offers a pull-down to Remove Last Level.  Note: only the last level added may be removed and a minimum of one level must always exist.