Grid Trading
Grid trading is a popular FX strategy where orders are placed like a grid around the current price. The trader assumes the market will stay within a range, so they place orders to buy below and sell above the current price. Grid trading can be automated or done manually, and it requires careful planning to decide where to place entry and exit orders.
Grid trading example
A grid trading strategy will place buy and sell orders around the current price at regular intervals. For example, if the current price of the USDJPY is 140.00, a trader may place a buy order at 139.00, a sell order at 141.00, and additional orders at 138.00 and 142.00, and so on. If the market moves sideways, they can make consistent profits.
More information
Here you can find a grid trading strategy guide.