A Grid Bot strategy generally involves placing multiple buy and sell orders at predefined intervals (grids) within a specified price range. When the price moves up or down and hits these orders, it will automatically buy or sell the asset. The aim is to capture profits from price fluctuations within this range.
Here's a simple example of a Grid Bot strategy using...
Simple Moving Average strategy for USO - United States Oil Fund. This strategy can be used on stocks and currencies but will need to tweak frequency on chart and backtest Max Draw Down to Net Profit ratios for maximum dollar gains.
This can be backtested using stocks and currencies. For stocks, depending on which stock and its voltility, backtest shorter chart frequencies such as 3min to 1hr. For currencies, backtest longer chart frequencies such as daily to month depending on backtest you see fit. A quick note such as USDJPY, a week is sufficient for example. You will see high Net Profit...