Why is grid trading not allowed?

Could you elaborate on why grid trading is not permitted? Is it due to potential risks associated with market manipulation or price volatility? Are there any specific regulations or guidelines in place that prohibit this trading strategy? It seems like a popular and effective way to manage risk and capitalize on market fluctuations, so it's intriguing to understand the reasoning behind its prohibition. Is there a possibility for this to change in the future, or are there alternative strategies that offer similar benefits?