How do Gridbots work?

GRID bots work by setting up buy and sell orders in a predefined price range, creating a grid-like formation . Choose a price range for the strategy you wish to employ and then decide how many grids you want to have within that range.

Set-up Your Grid Trading Strategy If you’re using Binance App, tap [Futures] – [USDⓈ-M Futures] – [Grid Trading] . 2. Select a symbol to execute the strategy and set the grid parameters. Click [Create] to confirm.23 Ara 2020

Grid profits are arbitrage profits generated by bots that help you buy low and sell high . An unrealized profit is a floating loss or gain due to a change in the price of a token held by your bot.