This trend-following strategy executes a classic Donchian channel breakout system designed to cross-validate backtest results against external framework benchmarks. It triggers a long entry when the closing price breaks above the highest high of the prior entr
Strategy · Pine Script v4 · On the chart
Grid Like Strategy
Grid Like Strategy calculates a dynamic baseline overlay that steps up or down whenever price moves beyond a defined point threshold.
GitHub stars2on the repository
Pine versionv4older, still runs
Lines of code33
Settings4inputs
LicenceNone stated
Last update8 months ago25 Feb 2026
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new strategy, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart. The trades and results appear in the Strategy Tester tab; adjust the settings with the gear icon.
Source Code
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
Grid Like Strategy enters long positions when the baseline moves upward and short positions when it moves downward, automatically placing take-profit and stop-loss levels at upper and lower boundaries. Position sizing adjusts after winning or losing trades using either traditional Martingale or Anti-Martingale multipliers. Key inputs allow customization of the point threshold, base order size, multiplier, and strategy mode.
- Dynamic baseline tracking threshold price moves
- Grid-based order placement with fixed limit and stop levels
- Configurable Martingale and Anti-Martingale position sizing
- Overlay plot displaying current baseline step level
Details
Published by
regalouisei on GitHub
Code credit
alexgrover, as written in the script's header
Type
Strategy, Pine Script v4
Draws
On the price chart
Category
Support & resistance, Breakout
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| point | input | 2. | point |
| Order Size | int | 1 | os |
| Martingale Multiplier | input | 2. | mf |
| Anti Martingale | bool | false | anti |
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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