The main feature to look for when beginning a grid trading strategy is support for a variety of complex order types. Grid trading strategies depend on the ability to place multiple pending orders with precise risk management controls. At a minimum, your forex broker should allow stop-loss and take-profit orders. Here are four order types that can be used for a grid trading strategy, whether your overall strategy is trying to follow market trends, catch reversals, or a bit of both (such as in a sideways market): Buy Entry Limit (BEL) – Used to buy below the current market price. Sell Entry Limit (SEL) – Used to sell above the current market price, typically during a rising market. Buy Entry Stop (BES) – Used to buy above the current market price, with the risk of slippage during a strong upward trend. Sell Entry Stop (SES) – Used to sell below the current market price, with slippage being a risk during a downward trend. Advanced tools such as ladder trading, one-cancels-the-other (OTO) orders, and calculators for grid density and intervals can further enhance your strategy, allowing you to fine-tune your grid trading approach.