Get the lowdown on grid trading bots! These automated systems use a unique strategy to buy and sell cryptocurrencies for profit. Learn about the benefits, drawbacks and the future of grid trading in the world of crypto trading bots.
) and decides to trade $600 above and below the range. That makes $15,600 the upper limit price and $14,400 the lower limit.The next step is to divide the interval upper limit price and interval lower limit price into grid levels. Each exchange has its rules; however, manual and automatic settings are available across all major exchanges, such as Binance, Crypto.com, ByBit, etc. In manual mode, the trader may select levels, and in the automatic mode, grid levels are determined automatically.
This will result in the following predefined limit within which the grid trading bot will now function. It is important to note that all the above parameter settings are for reference only. The parameters may change depending on one’s investment goals and risk-return trade-off. Moreover, crypto trading involves risks, and traders must acquaint themselves with all possibilities before setting up grid trading.can be time-intensive, and automation tools can help investors to make better, rational and profitable decisions.
Trigger price: This is the pre-set price at which the grid trading bot will initiate its operations. No buy/sell activity will happen until the market price hits the trigger price. Once the market price and trigger price are the same, the bot is triggered and the grid becomes active for trade.
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