Create Buy & Sell Signals

This Grid bot strategy creates buy signals when the price goes down one level or more, and sell signals when the price goes up one level or more. To avoid useless trades, the lastest traded level is disabled until another level is crossed.

Manual or Auto Configuration

To create the grid, one upper level and one lower level is calculated. Those 2 levels are either given by the user using "MANUAL" mode or automatically calculated by an AI. The space between these two levels are then divided equally into several steps, creating the grid.

Up to 100 levels

The number of steps is chosen by the user, from 3 to 100.

Configure your strategy

Select either "MANUAL" or "AI" strategy.

When using "MANUAL", you have to configure an upper level and a lower level.

When using "AI", the up/lower step is calculated using high/lowest of 100 bars of higher data, plus a percent increased range.

Select the grid quantity, from 3 to 100.

How to backtest

You can backtest using the Strategy Tester which will give you a quick overview of the strategy results over the given period of time.
There is also a backtest panel built in the indicator that gives more detailed information such as the daily % or the Buy & Hold comparator.

Pyramiding

The strategy has pyramiding enabled, which means it can buy up to 100 contracts.

The Backtest info panel is here to show how many trades are open in the backtest.

Note: these backtest results are a snapshot from 25th april 2020 and are subject to change as new trades are coming in.

1. Configure the indicator

Keep in mind which alert type is used. "Once Per Bar Close" will wait candle close to confirm a trade and ignore wicks. "Once Per Bar" will trigger a trade if price crosses a step anytime inside a candle.

Creating Alerts

The indicator is using the newest alert system:
1. Write your alert messages in the indicator settings (alert section at the bottom)
2. Click "Create Alert" as usual, but choose "alert() function calls only"
3. Give you alert a name