Grid Trading Bot is a trading bot that assists you in carrying out the Grid Trading Strategy. It enables you to place a series of purchase and sell orders within a given price range . When a sell order is fully executed, the bot instantly places another purchase order at a lower grid level, and vice versa.
Read moreHow does a grid bot lose money?
If the price runs through all the buy orders they exit the trade with a profit. This could be done all at once or via a sell grid starting a target level. If the price action is choppy it could trigger buy orders above the set price and sell orders below the set price , resulting in a loss.
Read moreWhat does quantity per grid mean?
The price that bot will stop loss and cancel the bot. Grid quantity: There’s a limitation in the number of grid, you can’t set it below 2 and above 99. Quantity per Grid: The amount for each order in the bot .
Read moreWhat is the most profitable crypto bot?
#1) Pionex – Recommended Crypto Bot Pionex earns a spot on this list because of the 16 free in-built trading bots it comes equipped with. With a small trading fee of 0.05%, Pionex’s bots help you make a profit by trading in cryptocurrency on your behalf.
Read moreHow do short bots work?
Short Bots activate when prices fall. They are not actually “shorting”, but leverage the principle of selling a token at a high price and buy it back at a lower price . This way profits are secured while maintaining the initial amount of tokens.
Read moreWhat are safety trades?
Safe trade is generally seen as a single framework of rules worldwide to drastically inhibit the flow of alien organisms (e.g. Genetically modified organisms, imported animals) across the borders of ecoregions, to preserve their natural wild biodiversity .
Read moreAre crypto trading bots any good?
Crypto Trading Bots Review Best trading bots are profitable and allow as much customization by users . It is helpful to select a bot that suits your level of trading. They support multiple strategies, integrate social trading to allow buying or use of free third-party signals, and definitely are tried and tested.
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