This Grid trading strategy can help you maximize your profit in a ranging sideways market with no clear direction.
What Is Grid Trading?
Grid trading is when orders are placed above and below a set price, creating a grid of orders at incrementally increasing and decreasing prices.
Overall the technique seeks to capitalize on normal price volatility in an asset by placing buy and sell orders at certain regular intervals above and below a predefined base price.
It is more efficient to use the grid strategy when the market is not in a downward or upward trend.
If you want to learn more about grid strategy pls firstly read this article.
Let's watch video and learn how the indicator works
Firstly we add indicator to chart after that we should pick high level of range and low level of range, be careful with date and grid number.
Sometimes 10 grid level is better then 20 grid level when your range is very close, because of the commission on exchange.
INDICATOR
We can get some money by taking advantage of the movement of the price between the range we have determined.
Short positions are opened while the price is rising, long positions are opened while the price is falling.
Therefore, there is no need to predict the trend direction.
IMPLEMENTATION DETAILS – SETTINGS
This script allows the user to choose the highs and lows leves of our range. Our bot trades in the specified range.
1.This strategy allows us to set start and end backtest dates.
2.We can change range high and range low leves of our bot
3.IF people want to trade algorithmically with the help of this bot, there are 6 different input systems that will receive the Json codes as an alarm.DONT FORGET !! write this code when you set alarm {{strategy.order.alert_message}}
4.IF the price closes above the upper line or below the lower line, all transactions will be closed. We can determine in which time frame our transactions will be stopped if the price closes outside these levels.
5.In this strategy, you can determine your dollar cost for per position.
6.The user can also divide the interval we have determined into 10 parts or 20 equal parts.
7.The grid is divided and colored at the interval we set. At the same time, if we don't want we can turn off colored channels.
How does this indicator stop position ?
if the current bar close stays out of range during the bar closure timeframe we have set, our positions will stop.
How can we set alarm for algo trade ?
Don't forget set your webhook adress
Set your alarm 1 minute timeframe to be dont miss signals
You can access the strategy codes here
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