OPEN-SOURCE SCRIPT
IU Grid Trading Strategy
DESCRIPTION
The IU Grid Trading Strategy is designed to take advantage of ranging or sideways market conditions using a price-based grid system. This strategy automatically places long orders at predefined intervals below a starting grid level, creating a structured buy-the-dip approach. As price moves down, new long positions are opened at each level, and each position exits with a fixed profit target.
This is an ideal tool for traders who believe price will fluctuate between levels and eventually return to mean or higher ground. The script also includes a clean visual representation of grid levels and supports deep customization.
USER INPUTS
• Start Time – Strategy activation time to avoid historical noise
• Grid Start Level – The price level where the grid starts
• Grid Width – Distance between each grid level (in points)
• Number of Grids – Total number of grid levels below the start level
• Show Grid Levels – Option to display grid lines on the chart
LONG CONDITION
• The first long entry is triggered at the Grid Start Level
• Additional long entries are placed below the previous one, at each grid level
• Only one new long is added at a time, depending on the number of open trades
• All orders are placed as limit orders and managed dynamically
• Order comments and IDs help track positions clearly in the strategy tester
LONG EXIT
• Each long position has a fixed profit target
• The profit level is determined using:
Grid Width / Tick Size
• Once a position hits the defined profit, it is closed individually
• All open trades are actively monitored for exit triggers
WHY IT IS UNIQUE
• Supports up to 100 pyramiding trades to fully exploit grid setups
• Automatically cancels previous orders and manages each leg cleanly
• Smart time filter avoids backtesting from irrelevant historical data
• Cleanly plotted grid lines for better visual control
• High degree of customization to adapt to any instrument or timeframe
• Designed with realistic slippage, commission, and margin settings
HOW USER CAN BENEFIT FROM IT
• Ideal for range-bound markets or assets with mean-reverting behavior
• Helps accumulate positions at better prices without emotional bias
• Provides structured entries and exits with automated management
• Suitable for traders who prefer non-directional strategies
• Highly visual and educational for those learning about grid trading mechanisms
• Can be modified to support short trades or hybrid strategies
DISCLAIMER
This strategy is not financial advice, it's for educational purposes only highlighting the power of coding( pine script) in TradingView, I am not a SEBI-registered advisor. Trading and investing involve risk, and you should consult with a qualified financial advisor before making any trading decisions. I do not guarantee profits or take responsibility for any losses you may incur.
The IU Grid Trading Strategy is designed to take advantage of ranging or sideways market conditions using a price-based grid system. This strategy automatically places long orders at predefined intervals below a starting grid level, creating a structured buy-the-dip approach. As price moves down, new long positions are opened at each level, and each position exits with a fixed profit target.
This is an ideal tool for traders who believe price will fluctuate between levels and eventually return to mean or higher ground. The script also includes a clean visual representation of grid levels and supports deep customization.
USER INPUTS
• Start Time – Strategy activation time to avoid historical noise
• Grid Start Level – The price level where the grid starts
• Grid Width – Distance between each grid level (in points)
• Number of Grids – Total number of grid levels below the start level
• Show Grid Levels – Option to display grid lines on the chart
LONG CONDITION
• The first long entry is triggered at the Grid Start Level
• Additional long entries are placed below the previous one, at each grid level
• Only one new long is added at a time, depending on the number of open trades
• All orders are placed as limit orders and managed dynamically
• Order comments and IDs help track positions clearly in the strategy tester
LONG EXIT
• Each long position has a fixed profit target
• The profit level is determined using:
Grid Width / Tick Size
• Once a position hits the defined profit, it is closed individually
• All open trades are actively monitored for exit triggers
WHY IT IS UNIQUE
• Supports up to 100 pyramiding trades to fully exploit grid setups
• Automatically cancels previous orders and manages each leg cleanly
• Smart time filter avoids backtesting from irrelevant historical data
• Cleanly plotted grid lines for better visual control
• High degree of customization to adapt to any instrument or timeframe
• Designed with realistic slippage, commission, and margin settings
HOW USER CAN BENEFIT FROM IT
• Ideal for range-bound markets or assets with mean-reverting behavior
• Helps accumulate positions at better prices without emotional bias
• Provides structured entries and exits with automated management
• Suitable for traders who prefer non-directional strategies
• Highly visual and educational for those learning about grid trading mechanisms
• Can be modified to support short trades or hybrid strategies
DISCLAIMER
This strategy is not financial advice, it's for educational purposes only highlighting the power of coding( pine script) in TradingView, I am not a SEBI-registered advisor. Trading and investing involve risk, and you should consult with a qualified financial advisor before making any trading decisions. I do not guarantee profits or take responsibility for any losses you may incur.
Script open-source
In pieno spirito TradingView, il creatore di questo script lo ha reso open-source, in modo che i trader possano esaminarlo e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricorda che la ripubblicazione del codice è soggetta al nostro Regolamento.
Shivam mandai
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Script open-source
In pieno spirito TradingView, il creatore di questo script lo ha reso open-source, in modo che i trader possano esaminarlo e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricorda che la ripubblicazione del codice è soggetta al nostro Regolamento.
Shivam mandai
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.