I have covered grid trading before on this site. In the first article on grid trading we discussed the origins of grid trading and in the second article in this series we discussed a discretionary approach to grid trading which is described in the Bird Watching in Lion Country e-book. In this posting I will look at automated grid trading. I have looked at automated trading before, but never at automated grid trading. There are a number of automated grid traders on the market, including: Pipforia’s HGM, pointbreak, and carrygrid. In this article we will look at Pipforia’s HGM in detail.
Word of Caution: Please don’t accept everything I write here blindly as being correct. Whilst I have tried my best to present my understanding of Pipforia HGM, my understanding might be flawed. Therefore, you should do your own independent evaluation of Pipforia HGM before forming your own opinion on it.
October 2008 update: I originally covered HGM back in August 2008. This version of the HGM product review has been written after I have completed the e-class and traded the system live with real money.
May 2009 update: This system can no longer effectively be traded using US brokers as the NFA has put in place a ban on its member brokers offering hedging.
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