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Long-Only TWT Grid Trading with Fixed Bounds and Geometric Levels

Article TradingView scripts

Summary

This script describes a long-only grid for TWT priced in USDT. It places a series of levels between configurable high and low bounds, using either geometric spacing, which maintains proportional gaps, or arithmetic spacing, which maintains equal price gaps. The default configuration is identified as calibrated for a particular spot market and timeframe, but the document provides no performance report to establish how it performed.

At each close, the strategy detects downward crossings of unowned levels and allocates an equal share of the configured investment to each purchase. An owned slot is closed after price crosses upward through the next level. The design has no stop loss or trailing exit; its stated structural limits are the grid range and bounded investment. It also includes a date filter, chart displays, and webhook alerts for bot integration. These rules leave exposure when price falls through the lower bound, and results may depend on the chosen range, trading costs, execution, and whether the market oscillates enough to complete grid cycles.

Key ideas

  • The grid places configurable geometric or arithmetic price levels between fixed upper and lower bounds.
  • A downward close crossing buys an unowned level, while an upward crossing of the next level closes its position.
  • The configured investment is divided evenly among grid slots.
  • The strategy has no stop loss or trailing exit and relies on its bounds and allocated investment as structural limits.
  • The document gives default settings but no evidence of profitability or performance across market conditions.

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