Positive Grid Feature Overview & Settings
The positive grid feature was introduced from version 2.2 of Forex Recovery Bot. We introduced this feature to speed up recovery process by giving the bot the option to continue opening recovery trades even as price moves in our favor.
In this guide we will cover all aspects of the positive grid feature, including:
What is positive grid?
How does it work?
Video demonstration
Positive grid settings
Positive Grid is an advanced feature in Forex Recovery Bot that enhances the traditional recovery grid system by allowing more dynamic trade placement. This feature can potentially accelerate the recovery process of losing positions.
Traditional Grid Behavior
In a standard recovery grid:
New orders are only added when price moves against your position
Example: In a sell grid, new orders are only placed when price moves upward
This creates a more conservative trading pattern
Positive Grid Behavior
With Positive Grid enabled:
New orders are placed regardless of price direction
Example: In a sell grid, orders will be placed both when:
This more aggressive approach aims to capitalize on favorable price movements
In this guide we will cover all aspects of the positive grid feature, including:
What is positive grid?
How does it work?
Video demonstration
Positive grid settings
What is Positive Grid?
Positive Grid is an advanced feature in Forex Recovery Bot that enhances the traditional recovery grid system by allowing more dynamic trade placement. This feature can potentially accelerate the recovery process of losing positions.
How It Works
Traditional Grid Behavior
In a standard recovery grid:
New orders are only added when price moves against your position
Example: In a sell grid, new orders are only placed when price moves upward
This creates a more conservative trading pattern
Positive Grid Behavior
With Positive Grid enabled:
New orders are placed regardless of price direction
Example: In a sell grid, orders will be placed both when:
Price moves up (against your position)
Price moves down (in your favor)This more aggressive approach aims to capitalize on favorable price movements
Positive Grid Video
Positive Grid Settings Explained
| Setting Name | Setting Description |
|---|---|
| Enable Positive Grid | Enable / Disable the positive grid feature |
| Positive Grid step | The number of pips that price must move in our direction before the bot will add a positive grid order. Example: if set to 100, each time price moves 10 pips / 100 points in our direction, the bot will open a new positive grid trade. |
| Positive Grid Min Distance to TP | If price is X points away from take profit, the bot will not open a new trade. Example, if set to 100, then if price is 10 pips / 100 points away from take profit the bot will not add a new positive grid - as price is already close to closing the grid |
Updated on: 24/12/2024
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