diff --git a/pkg/strategy/shakegrid/grid.go b/pkg/strategy/shakegrid/grid.go
new file mode 100644
index 000000000..44a50aa30
--- /dev/null
+++ b/pkg/strategy/shakegrid/grid.go
@@ -0,0 +1,43 @@
+package shakegrid
+
+import "github.com/c9s/bbgo/pkg/fixedpoint"
+
+type Grid struct {
+	UpperPrice fixedpoint.Value `json:"upperPrice"`
+	LowerPrice fixedpoint.Value `json:"lowerPrice"`
+
+	// Size is the spread of each grid
+	Size         fixedpoint.Value `json:"size"`
+
+	// Density is the number of total grids
+	Density      fixedpoint.Value `json:"density"`
+
+	// Pins are the pinned grid prices, from low to high
+	Pins []fixedpoint.Value `json:"pins"`
+}
+
+func NewGrid(lower, upper, density fixedpoint.Value) *Grid {
+	var height = upper - lower
+	var size = height.Div(density)
+	var pins []fixedpoint.Value
+
+	for p := lower ; p <= upper ; p += size {
+		pins = append(pins, p)
+	}
+
+	return &Grid{
+		UpperPrice: upper,
+		LowerPrice: lower,
+		Density: density,
+		Size: size,
+		Pins: pins,
+	}
+}
+
+func (g *Grid) ExtendUpperPrice(price fixedpoint.Value) {
+
+}
+
+func (g *Grid) ExtendLowerPrice(price fixedpoint.Value) {
+
+}
diff --git a/pkg/strategy/shakegrid/grid_test.go b/pkg/strategy/shakegrid/grid_test.go
new file mode 100644
index 000000000..403822844
--- /dev/null
+++ b/pkg/strategy/shakegrid/grid_test.go
@@ -0,0 +1,21 @@
+package shakegrid
+
+import (
+	"github.com/c9s/bbgo/pkg/fixedpoint"
+	"github.com/stretchr/testify/assert"
+	"testing"
+)
+
+func TestNewGrid(t *testing.T) {
+	upper := fixedpoint.NewFromFloat(500.0)
+	lower := fixedpoint.NewFromFloat(100.0)
+	density := fixedpoint.NewFromFloat(100.0)
+	grid := NewGrid(lower, upper, density)
+	assert.Equal(t, upper, grid.UpperPrice)
+	assert.Equal(t, lower, grid.LowerPrice)
+	assert.Equal(t, fixedpoint.NewFromFloat(4), grid.Size)
+	if assert.Len(t, grid.Pins, 101) {
+		assert.Equal(t, fixedpoint.NewFromFloat(100.0), grid.Pins[0])
+		assert.Equal(t, fixedpoint.NewFromFloat(500.0), grid.Pins[100])
+	}
+}
diff --git a/pkg/strategy/shakegrid/strategy.go b/pkg/strategy/shakegrid/strategy.go
new file mode 100644
index 000000000..e6ccd2bcb
--- /dev/null
+++ b/pkg/strategy/shakegrid/strategy.go
@@ -0,0 +1,399 @@
+package shakegrid
+
+import (
+	"context"
+	"fmt"
+	"math"
+	"sync"
+
+	"github.com/sirupsen/logrus"
+
+	"github.com/c9s/bbgo/pkg/bbgo"
+	"github.com/c9s/bbgo/pkg/fixedpoint"
+	"github.com/c9s/bbgo/pkg/indicator"
+	"github.com/c9s/bbgo/pkg/types"
+)
+
+const ID = "shakegrid"
+
+var log = logrus.WithField("strategy", ID)
+
+func init() {
+	// Register the pointer of the strategy struct,
+	// so that bbgo knows what struct to be used to unmarshal the configs (YAML or JSON)
+	// Note: built-in strategies need to imported manually in the bbgo cmd package.
+	bbgo.RegisterStrategy(ID, &Strategy{})
+}
+
+type Strategy struct {
+	// The notification system will be injected into the strategy automatically.
+	// This field will be injected automatically since it's a single exchange strategy.
+	*bbgo.Notifiability
+
+	// OrderExecutor is an interface for submitting order.
+	// This field will be injected automatically since it's a single exchange strategy.
+	bbgo.OrderExecutor
+
+	// if Symbol string field is defined, bbgo will know it's a symbol-based strategy
+	// The following embedded fields will be injected with the corresponding instances.
+
+	// MarketDataStore is a pointer only injection field. public trades, k-lines (candlestick)
+	// and order book updates are maintained in the market data store.
+	// This field will be injected automatically since we defined the Symbol field.
+	*bbgo.MarketDataStore
+
+	// StandardIndicatorSet contains the standard indicators of a market (symbol)
+	// This field will be injected automatically since we defined the Symbol field.
+	*bbgo.StandardIndicatorSet
+
+	// Graceful let you define the graceful shutdown handler
+	*bbgo.Graceful
+
+	// Market stores the configuration of the market, for example, VolumePrecision, PricePrecision, MinLotSize... etc
+	// This field will be injected automatically since we defined the Symbol field.
+	types.Market
+
+	// These fields will be filled from the config file (it translates YAML to JSON)
+	Symbol string `json:"symbol"`
+
+	// Interval is the interval used by the BOLLINGER indicator (which uses K-Line as its source price)
+	Interval types.Interval `json:"interval"`
+
+	// RepostInterval is the interval for re-posting maker orders
+	RepostInterval types.Interval `json:"repostInterval"`
+
+	// GridPips is the pips of grid
+	// e.g., 0.001, so that your orders will be submitted at price like 0.127, 0.128, 0.129, 0.130
+	GridPips fixedpoint.Value `json:"gridPips"`
+
+	ProfitSpread fixedpoint.Value `json:"profitSpread"`
+
+	// GridNum is the grid number, how many orders you want to post on the orderbook.
+	GridNum int `json:"gridNumber"`
+
+	// Quantity is the quantity you want to submit for each order.
+	Quantity float64 `json:"quantity"`
+
+	// activeOrders is the locally maintained active order book of the maker orders.
+	activeOrders *bbgo.LocalActiveOrderBook
+
+	profitOrders *bbgo.LocalActiveOrderBook
+
+	orders *bbgo.OrderStore
+
+	// boll is the BOLLINGER indicator we used for predicting the price.
+	boll *indicator.BOLL
+
+	CancelProfitOrdersOnShutdown bool `json: "shutdownCancelProfitOrders"`
+}
+
+func (s *Strategy) ID() string {
+	return ID
+}
+
+func (s *Strategy) Validate() error {
+	if s.ProfitSpread <= 0 {
+		// If profitSpread is empty or its value is negative
+		return fmt.Errorf("profit spread should bigger than 0")
+	}
+	if s.Quantity <= 0 {
+		// If quantity is empty or its value is negative
+		return fmt.Errorf("quantity should bigger than 0")
+	}
+
+	if s.Interval == "" {
+		return fmt.Errorf("interval can not be empty")
+	}
+
+	return nil
+}
+
+func (s *Strategy) Subscribe(session *bbgo.ExchangeSession) {
+	// currently we need the 1m kline to update the last close price and indicators
+	session.Subscribe(types.KLineChannel, s.Symbol, types.SubscribeOptions{Interval: s.Interval.String()})
+
+	if len(s.RepostInterval) > 0 && s.Interval != s.RepostInterval {
+		session.Subscribe(types.KLineChannel, s.Symbol, types.SubscribeOptions{Interval: s.RepostInterval.String()})
+	}
+}
+
+func (s *Strategy) generateGridBuyOrders(session *bbgo.ExchangeSession) ([]types.SubmitOrder, error) {
+	balances := session.Account.Balances()
+	quoteBalance := balances[s.Market.QuoteCurrency].Available
+	if quoteBalance <= 0 {
+		return nil, fmt.Errorf("quote balance %s is zero: %f", s.Market.QuoteCurrency, quoteBalance.Float64())
+	}
+
+	upBand, downBand := s.boll.LastUpBand(), s.boll.LastDownBand()
+	if upBand <= 0.0 {
+		return nil, fmt.Errorf("up band == 0")
+	}
+	if downBand <= 0.0 {
+		return nil, fmt.Errorf("down band == 0")
+	}
+
+	currentPrice, ok := session.LastPrice(s.Symbol)
+	if !ok {
+		return nil, fmt.Errorf("last price not found")
+	}
+
+	if currentPrice > upBand || currentPrice < downBand {
+		return nil, fmt.Errorf("current price %f exceed the bollinger band %f <> %f", currentPrice, upBand, downBand)
+	}
+
+	ema99 := s.StandardIndicatorSet.EWMA(types.IntervalWindow{Interval: s.Interval, Window: 99})
+	ema25 := s.StandardIndicatorSet.EWMA(types.IntervalWindow{Interval: s.Interval, Window: 25})
+	ema7 := s.StandardIndicatorSet.EWMA(types.IntervalWindow{Interval: s.Interval, Window: 7})
+	if ema7.Last() > ema25.Last()*1.001 && ema25.Last() > ema99.Last()*1.0005 {
+		log.Infof("all ema lines trend up, skip buy")
+		return nil, nil
+	}
+
+	priceRange := upBand - downBand
+	gridSize := priceRange / float64(s.GridNum)
+
+	var orders []types.SubmitOrder
+	for price := upBand; price >= downBand; price -= gridSize {
+		if price >= currentPrice {
+			continue
+		}
+		// adjust buy quantity using current quote balance
+		quantity := bbgo.AdjustFloatQuantityByMaxAmount(s.Quantity, price, quoteBalance.Float64())
+		order := types.SubmitOrder{
+			Symbol:      s.Symbol,
+			Side:        types.SideTypeBuy,
+			Type:        types.OrderTypeLimit,
+			Market:      s.Market,
+			Quantity:    quantity,
+			Price:       price,
+			TimeInForce: "GTC",
+		}
+		quoteQuantity := fixedpoint.NewFromFloat(order.Quantity).MulFloat64(price)
+		if quantity < s.MinQuantity {
+			// don't submit this order if buy quantity is too small
+			log.Infof("quote balance %f is not enough, stop generating buy orders", quoteBalance.Float64())
+			break
+		}
+		quoteBalance = quoteBalance.Sub(quoteQuantity)
+		log.Infof("submitting order: %s", order.String())
+		orders = append(orders, order)
+	}
+	return orders, nil
+}
+
+func (s *Strategy) generateGridSellOrders(session *bbgo.ExchangeSession) ([]types.SubmitOrder, error) {
+	balances := session.Account.Balances()
+	baseBalance := balances[s.Market.BaseCurrency].Available
+	if baseBalance <= 0 {
+		return nil, fmt.Errorf("base balance %s is zero: %+v", s.Market.BaseCurrency, baseBalance.Float64())
+	}
+
+	upBand, downBand := s.boll.LastUpBand(), s.boll.LastDownBand()
+	if upBand <= 0.0 {
+		return nil, fmt.Errorf("up band == 0")
+	}
+	if downBand <= 0.0 {
+		return nil, fmt.Errorf("down band == 0")
+	}
+
+	currentPrice, ok := session.LastPrice(s.Symbol)
+	if !ok {
+		return nil, fmt.Errorf("last price not found")
+	}
+
+	if currentPrice > upBand || currentPrice < downBand {
+		return nil, fmt.Errorf("current price exceed the bollinger band")
+	}
+
+	ema99 := s.StandardIndicatorSet.EWMA(types.IntervalWindow{Interval: s.Interval, Window: 99})
+	ema25 := s.StandardIndicatorSet.EWMA(types.IntervalWindow{Interval: s.Interval, Window: 25})
+	ema7 := s.StandardIndicatorSet.EWMA(types.IntervalWindow{Interval: s.Interval, Window: 7})
+	if ema7.Last() < ema25.Last()*(1-0.004) && ema25.Last() < ema99.Last()*(1-0.0005) {
+		log.Infof("all ema lines trend down, skip sell")
+		return nil, nil
+	}
+
+	priceRange := upBand - downBand
+	gridSize := priceRange / float64(s.GridNum)
+
+	var orders []types.SubmitOrder
+	for price := downBand; price <= upBand; price += gridSize {
+		if price <= currentPrice {
+			continue
+		}
+		// adjust sell quantity using current base balance
+		quantity := math.Min(s.Quantity, baseBalance.Float64())
+		order := types.SubmitOrder{
+			Symbol:      s.Symbol,
+			Side:        types.SideTypeSell,
+			Type:        types.OrderTypeLimit,
+			Market:      s.Market,
+			Quantity:    quantity,
+			Price:       price,
+			TimeInForce: "GTC",
+		}
+		baseQuantity := fixedpoint.NewFromFloat(order.Quantity)
+		if quantity < s.MinQuantity {
+			// don't submit this order if sell quantity is too small
+			log.Infof("base balance %f is not enough, stop generating sell orders", baseBalance.Float64())
+			break
+		}
+		baseBalance = baseBalance.Sub(baseQuantity)
+		log.Infof("submitting order: %s", order.String())
+		orders = append(orders, order)
+	}
+	return orders, nil
+}
+
+func (s *Strategy) placeGridOrders(orderExecutor bbgo.OrderExecutor, session *bbgo.ExchangeSession) {
+	sellOrders, err := s.generateGridSellOrders(session)
+	if err != nil {
+		log.Warn(err.Error())
+	}
+	createdSellOrders, err := orderExecutor.SubmitOrders(context.Background(), sellOrders...)
+	if err != nil {
+		log.WithError(err).Errorf("can not place sell orders")
+	}
+
+	buyOrders, err := s.generateGridBuyOrders(session)
+	if err != nil {
+		log.Warn(err.Error())
+	}
+	createdBuyOrders, err := orderExecutor.SubmitOrders(context.Background(), buyOrders...)
+	if err != nil {
+		log.WithError(err).Errorf("can not place buy orders")
+	}
+
+	createdOrders := append(createdSellOrders, createdBuyOrders...)
+	s.activeOrders.Add(createdOrders...)
+	s.orders.Add(createdOrders...)
+}
+
+func (s *Strategy) updateOrders(orderExecutor bbgo.OrderExecutor, session *bbgo.ExchangeSession) {
+	if err := session.Exchange.CancelOrders(context.Background(), s.activeOrders.Orders()...); err != nil {
+		log.WithError(err).Errorf("cancel order error")
+	}
+
+	// skip order updates if up-band - down-band < min profit spread
+	if (s.boll.LastUpBand() - s.boll.LastDownBand()) <= s.ProfitSpread.Float64() {
+		log.Infof("boll: down band price == up band price, skipping...")
+		return
+	}
+
+	s.placeGridOrders(orderExecutor, session)
+
+	s.activeOrders.Print()
+}
+
+func (s *Strategy) submitReverseOrder(order types.Order, session *bbgo.ExchangeSession) {
+	balances := session.Account.Balances()
+
+	var side = order.Side.Reverse()
+	var price = order.Price
+	var quantity = order.Quantity
+
+	switch side {
+	case types.SideTypeSell:
+		price += s.ProfitSpread.Float64()
+		maxQuantity := balances[s.Market.BaseCurrency].Available.Float64()
+		quantity = math.Min(quantity, maxQuantity)
+
+	case types.SideTypeBuy:
+		price -= s.ProfitSpread.Float64()
+		maxQuantity := balances[s.Market.QuoteCurrency].Available.Float64() / price
+		quantity = math.Min(quantity, maxQuantity)
+	}
+
+	submitOrder := types.SubmitOrder{
+		Symbol:      s.Symbol,
+		Side:        side,
+		Type:        types.OrderTypeLimit,
+		Quantity:    quantity,
+		Price:       price,
+		TimeInForce: "GTC",
+	}
+
+	log.Infof("submitting reverse order: %s against %s", submitOrder.String(), order.String())
+
+	createdOrders, err := s.OrderExecutor.SubmitOrders(context.Background(), submitOrder)
+	if err != nil {
+		log.WithError(err).Errorf("can not place orders")
+		return
+	}
+
+	s.profitOrders.Add(createdOrders...)
+	s.orders.Add(createdOrders...)
+}
+
+func (s *Strategy) Run(ctx context.Context, orderExecutor bbgo.OrderExecutor, session *bbgo.ExchangeSession) error {
+	if s.GridNum == 0 {
+		s.GridNum = 2
+	}
+
+	s.boll = s.StandardIndicatorSet.BOLL(types.IntervalWindow{
+		Interval: s.Interval,
+		Window:   21,
+	}, 2.0)
+
+	s.orders = bbgo.NewOrderStore(s.Symbol)
+	s.orders.BindStream(session.UserDataStream)
+
+	// we don't persist orders so that we can not clear the previous orders for now. just need time to support this.
+	s.activeOrders = bbgo.NewLocalActiveOrderBook()
+	s.activeOrders.OnFilled(func(o types.Order) {
+		s.submitReverseOrder(o, session)
+	})
+	s.activeOrders.BindStream(session.UserDataStream)
+
+	s.profitOrders = bbgo.NewLocalActiveOrderBook()
+	s.profitOrders.OnFilled(func(o types.Order) {
+		// we made profit here!
+	})
+	s.profitOrders.BindStream(session.UserDataStream)
+
+	// setup graceful shutting down handler
+	s.Graceful.OnShutdown(func(ctx context.Context, wg *sync.WaitGroup) {
+		// call Done to notify the main process.
+		defer wg.Done()
+		log.Infof("canceling active orders...")
+
+		if err := session.Exchange.CancelOrders(ctx, s.activeOrders.Orders()...); err != nil {
+			log.WithError(err).Errorf("cancel order error")
+		}
+
+		if s.CancelProfitOrdersOnShutdown {
+			log.Infof("canceling profit orders...")
+			err := session.Exchange.CancelOrders(ctx, s.profitOrders.Orders()...)
+
+			if err != nil {
+				log.WithError(err).Errorf("cancel profit order error")
+			}
+		}
+	})
+
+	session.UserDataStream.OnStart(func() {
+		log.Infof("connected, submitting the first round of the orders")
+		s.updateOrders(orderExecutor, session)
+	})
+
+	// avoid using time ticker since we will need back testing here
+	session.MarketDataStream.OnKLineClosed(func(kline types.KLine) {
+		// skip kline events that does not belong to this symbol
+		if kline.Symbol != s.Symbol {
+			log.Infof("%s != %s", kline.Symbol, s.Symbol)
+			return
+		}
+
+		if s.RepostInterval != "" {
+			// see if we have enough balances and then we create limit orders on the up band and the down band.
+			if s.RepostInterval == kline.Interval {
+				s.updateOrders(orderExecutor, session)
+			}
+
+		} else if s.Interval == kline.Interval {
+			s.updateOrders(orderExecutor, session)
+		}
+	})
+
+	return nil
+}