MA Grid Strategy
This trading script uses adjusted 5 min MA40 bands.
The bands are the MA value adjusted by a percentage.
When the symbol closes below the lower bands it buys in increments.
When the symbol closes above the upper bands it sells percentages of the open positions.
Theoretically, this script will work best in bullish price movements, for this reason, ADX and DI were implemented to only trade when the current time frame shows bullish signals.
The returns on this script are minimal, If you have any improvement ideas I would love to hear them, I have only started looking into grid trading.
The bands are the MA value adjusted by a percentage.
When the symbol closes below the lower bands it buys in increments.
When the symbol closes above the upper bands it sells percentages of the open positions.
Theoretically, this script will work best in bullish price movements, for this reason, ADX and DI were implemented to only trade when the current time frame shows bullish signals.
The returns on this script are minimal, If you have any improvement ideas I would love to hear them, I have only started looking into grid trading.