A Bounded Long Grid Strategy with Geometric or Arithmetic Price Levels

Summary

This long-only grid strategy divides a user-defined price range into levels spaced either geometrically or arithmetically. On a close crossing downward through an unowned level, it opens a position sized from an equal share of the specified investment; when price crosses upward through the next level, it closes that level’s position. The script tracks ownership by grid level and displays the range, levels, holdings, average entry, and profit figures.

The design explicitly has no trailing exit or stop loss. The author describes the range and bounded allocation as structural risk limits, but the document provides no strategy-report results to validate performance or quantify risk. Prices outside the configured range can leave positions unclosed or prevent new grid entries, and close-to-close crossing logic may not represent intrabar fills. Commission, slippage, allocation, and exchange execution also affect real outcomes. The script includes webhook alerts for a trading bot, so configuration and operational behavior matter when automating it.

Key ideas

• The strategy places grid levels within fixed upper and lower price bounds.
• Levels can use geometric or arithmetic spacing.
• It buys on downward crossings and closes a level’s position after an upward crossing to the next level.
• Investment is divided evenly across grid slots, with ownership tracked separately for each level.
• The design has no stop loss, and the description provides no evidence establishing profitability or real-world risk.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.