Main Features
GridSetter - Smart Grid Bot for TWM Trading Platform
TWM
Extensions
STRATEGY
GridSetter
Smart Grid Bot
Strategies
GridSetter automates multi-level position entry by creating a price grid from session high and low values, then progressively scaling into trades as price touches each level.
The tool generates orders across a structured grid framework, allowing you to average your position on adverse moves while managing risk through configurable stops and targets. The strategy resets with each new session, creating a consistent framework for different market hours.
Description
During each session, the system calculates the session range automatically. If grid range spread is configured, additional steps extend above and below the session boundaries. Trading can start immediately or wait for a moving average to establish direction.
Two entry order types define how trades trigger: limit orders enter at exact grid levels while stop market orders trigger on breakouts with reliable fills. Trade mode determines direction, with trend mode entering long above the moving average and short below it.
Once an entry fills, the strategy automatically scales at each grid level until the maximum scale-ins limit or grid boundary is reached. The grid boundary acts as a hard stop preventing further scaling.
Exit and Risk Management
The profit target sits at a set number of grid steps from average entry price. The stop loss sits one grid step beyond the deepest scale-in level. When target even after scale-in is enabled, positions can exit at break even after scaling in, with an offset percentage for commissions.
Filtering and Control
Direction and volatility filters control when trades are allowed:
- Direction filters follow or go against the previous session trend
- Volatility filters limit activity to defined range thresholds
- Position sizing controls initial contract quantity
- Keep order bars determines how long pending entries remain active
Session Configuration
Define precise start and end times for each session. The extend trading period setting allows captures beyond session close. When close at end of trading period is enabled, all positions close at session end; when disabled, they carry over. Select which days are active for trading.
Customization
Moving average type can be SMA, EMA, WMA, or HMA. Higher periods create smoother MAs, while lower periods react faster. Grid size percent determines level spacing: increasing it gives fewer entry points, decreasing provides tighter levels. Visualization options include plot grid for all grid lines and plot targets for profit targets and break even levels.
Session-Anchored Grid
Define start/end times and the bot builds evenly spaced levels from that day’s range, with optional extensions above and below to catch overshoots.
Noise-Aware Direction Filter
A moving average with a small “flat epsilon” resists micro-whipsaws, flipping direction only when slope meaningfully changes.
Two Entry Styles
Choose limit retraces for precision or stop-market continuations for momentum; both obey your bias (trend or counter-trend)
Controlled Scale-Ins
Add size in measured steps as price moves against you, bounded by a maximum number of additions and hard outer grid limits.
Cost-Aware Break-Even
After a scale-in, optional “target-even” plus a configurable offset aims to cover fees and slippage, not just touch theoretical zero.
End-of-Session Risk-Off
Flatten automatically at the end of your defined window so positions don’t roll into the next day unless you explicitly allow it.
Range Filters
Require a minimum expansion to avoid dead sessions or cap maximum expansion to skip outlier volatility before any orders are placed.
On-Chart Clarity
Plot grids and target lines on the price panel, and optionally show the prior session’s grid for immediate visual context.
Media
FAQ
Do you have any more questions about our Extension? Let's see if we already have the answer.
Please read the FAQ below.
What markets and timeframes can I use?
Any instrument your account and data support. The design is session-centric, so intraday charts are typical, but higher or lower intervals work if your session window is meaningful.
How are grid levels calculated?
They’re spaced by a percentage of the session range (high–low). For example, 25% creates levels every quarter of that range, optionally extended symmetrically outside.
What’s the difference between trend and counter-trend modes?
Trend mode engages only with the prevailing direction relative to the MA; counter-trend biases against it, aiming to fade stretches back toward balance.
Limit vs Stop-Market entries
Limit seeks a retrace to the level for price efficiency; stop-market triggers as price pushes through for time/continuation priority. Pick the style that matches your intent.
What does “Ignore Cycle” do?
It allows operation without waiting for a fresh MA direction flip after the session range forms, useful if you want to start immediately based on the current state.
How are fees and slippage handled at break-even?
Enable the cost offset: set a small percent so “break-even” exits aim slightly above zero to cover commissions and typical slippage.
How do scale-ins manage risk?
You define the added size per step and the maximum number of steps. Scaling stops at the outermost grid; caps prevent unbounded position growth.
What happens if price gaps beyond the grid?
No additional scaling occurs outside the boundary. Management continues for the open position, and a new grid is formed at the next session window.
Can it run outside regular hours?
Yes. Set any start/end time you want, choose the days of week, and optionally extend the trading period if you need post/pre-session management.
Does it place orders on historical bars?
Only if you keep backtesting enabled. Turn it off to limit order submission to real-time bars in live operation.
Still have a question?
For assistance, please visit our Support page. Our dedicated team is ready
to help you 24/7.
Access Options
Choose how you want to access this extension.
Extensions in TWM can be accessed in several ways, depending on the extension and your needs. Some are free, some are included with a TWM subscription, and others are available through time-based, lifetime, or open-source access options.
Time-based access does not renew automatically, lifetime access has no expiration, ecosystem access remains active while your subscription is active, and open-source access provides full source code ownership. All extensions are used inside the TWM desktop platform.
Open Source Access
Full source code ownership
- Complete source code included
- Modify, study, and build upon the implementation
- Independent from time-based access
Buy Open Source Access
$395
This extension is available inside the TWM desktop platform
Ecosystem Access
Included with a TWM subscription
- Available as part of the TWM ecosystem
- Access remains active while your TWM subscription is active
- No separate purchase for this extension required
This extension is available inside the TWM desktop platform
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