but I always wonder about the large open positions they might lead to and whether they would just bring even the most flush trader to his/her knees in the end.
You have to be careful in advance. You need to use a large step (for example, 100 pips for EUR/USD , although this pair is not so...
I would like opinions and feedback on the following 3 grid systems.
1) Ranging pairs averaging down grid system.
I choose EUR/GBP, it has been ranging about 0.6800 for three years.
So I put limit orders above and below 0.6800 and at an interval of 20 pips.
Sell limit at 0.6820...