Actually, the grid is formed by the buy stop and sell stop orders placed at a determined distance above and below the entry point. 10-20 pips is a common interval size in a grid . So, the number of pips in a grid, which is usually made up of about 5-15 orders, is about 50 to 300.
Read moreWhat is the grid strategy?
Grid trading is an automated currency trading strategy where an investor creates a so-called “price grid” . The basic idea of the strategy is to repeatedly buy at the pre-specified price and then wait for the price to rise above that level and then sell the position (and vice versa with shorting and covering).
Read moreHow do you trade a grid?
Grid trading is an automated currency trading strategy where an investor creates a so-called “price grid”. The basic idea of the strategy is to repeatedly buy at the pre-specified price and then wait for the price to rise above that level and then sell the position (and vice versa with shorting and covering).27 Ara 2021
Read moreDoes Phemex have bots?
Using the top trading bots on Phemex Phemex has partnered with a number of trading bots to make your trading experience as optimized as possible. Phemex customers can use NapBots, Stacked, and many more on our platform.22 Ara 2020
Read moreWhat trading bots work with Phemex?
Phemex partners with Crypto Trading Bot: NapBots! – Phemex. Phemex Partners with NapBots!
Read moreCan trading bots lose money?
You definitely can lose money with crypto trading bots . Trading bots ain’t reliable and it’s better to avoid them. If you wan to test some trading bots then it’s better to do on demo account or using very small amount of money.
Read moreCan you lose money with a crypto bot?
Your chances to lose depends on the strategy you choose . If you choose the wrong plan, the bot can’t change it. Thus, it’s a good idea to rely on the online tool.
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