OPEN-SOURCE SCRIPT
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Grid Tool

The core idea of this grid tool is that you have to concentrate less on the trade entries (this happens automatically time-independent but price-dependant) but rather on the validity of the macro trend. Exiting a trend when it is no longer valid is more important than entering a trade. But as long as the trend is valid, the trader participates exponentially in the overall trend.

It is advisable to start with a basic position and then "set up" the grid on this in a ratio of 1/10.

A major advantage of grid trading is that the average entry price in a trend moves further and further away from the current market price while the position continues to grow.

A small timeframe should be used so that the distance between the trades corresponds as closely as possible to the selected grid gap and since TV backtests are carried out with closed bars.

Before starting a grid, pre-analysis the market to make sure it is trending. Select the grid gap and grid position size that you are comfortable with. Monitor the trend and from time to time take some profit :).

PS: The ADX filter looks interesting.
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Selectable timeframes for exit filters added.
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Take Average-Entry Profit added. I think the option of automatic profit-taking makes sense.
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Screenshot issue.
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Additional time frames for exit filters added.
Two fractals trend lines as entry-filter and exit-filter added.
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Entry filter timeframes added.
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Tooltips added and minor changes.
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Minor changes.
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Sorry... take profit is now working with shorts correctly. I'm too much long focused at Bitcoin :) .
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Minor changes.
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Changed/adapted the strategy parameters.
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Automatic increase in position size for each trade (Martingale) added. In my opinion, Martingale is too risky to trade. But it's part of trading...
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Stop loss based on average-entry price added.
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First position size factor added.
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Local top/bottom added as start price for stop loss grid (position reduction starts earlier).
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Pin bar entry signal added.
Automatic increase in position size revised.
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Minor changes.
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Screenshot issue.
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Strategy comments revised.
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"Bug" fixed.
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Tooltips revised.
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"Top/Bottom sensitivity" added.
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"First position" bug fixed.
Minor improvements.
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Script revised and some new features/improvements added.
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Removed "Backtest (...)".
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Repainting option added.
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Strategy entry id bug fixed.
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Script converted to Pine v5.
"Quantity" for exit filters added.
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Info panel for unrealized profit/loss added.
Bug fixes.
New filters added (ema1 x ema2, macd slope, hma).

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Filter and exits revised.
Trade direction "both" added.
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Strategy border levels added.
Repainting revised.
Live trading parameters for Alertatron and Bybit added (I am not an affiliate of them. I am just using their services).
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"Strategy trigger and border levels" bug fix.
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Panel revised.
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Script revised (filters, exits, live trading comments).
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Exit bug fixed.
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"Remain idle after crossing border level" added.
Bollinger Bands added.
Scalping mode is unfinished.
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Minor corrections.
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Minor changes. pubished to get help with mutable variable.
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Bollinger Bands filter revised.
Button "Close All When Border Level Is Crossed." added.
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Live trading bug fixed / conditions revised.
TP and SL counter added.
Break even added.
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Border level logic revised (read tooltips for more info).
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Border level logic revised.
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"Border level close" revised.
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Code revised/updated.
Inputs rearranged.
Trigger and border lines revised.
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Inputs rearranged for a better usability.
"Instant Grid" added.
"Instantly On Current Bar Close" option for 1st Entry added.
Trigger and border lines are bar high/low sensitive now.
In backtesting, everything seems to be working as it should. Everything is also implemented for live trading but I haven't tested it live yet.
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Close Partly On Break Even added.
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Break even on live trading bug fixed.
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Minor changes.
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"Close & Stop" added.
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Screen shot issue.
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Live trading bug fixed.
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Live trading bugs fixed. "Auto increase in position size" bug on live trading is still pending.
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"Min Lot Size" for repetitive break even on backtesting added.
Break even bug fixed.
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Made break even "Min Lot size" available for live trading.
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Short entry bug fixed.
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Added scalper mode (only for backtesting). This still needs to be worked out, but hopefully conveys the idea I was trying to implement. I'm not following the development any further as it doesn't make sense with the current state of Tradingview's 'Strategy Tester'. Further development would only make sense with a 'strategy tester' similar to that of MT4/MT5.

The example doesn't use the scalping mode. All parameters are default but Trade direction = short, trend start = 2022-08-10, Break even = "Partly close" enabled, Stop loss count = enabled

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