This trading bot automates buying and selling on spot trading . It is designed to place orders in the market at preset intervals within a configured price range. Grid trading is when orders are placed above and below a set price, creating a grid of orders at incrementally increasing and decreasing prices.
Read moreWhat is the difference between long and short in Binance?
In a long trade, you purchase an asset and wait to sell when the price goes up . “Buy” and “long” are used interchangeably. When you’re in a short trade, you borrow an asset, sell it, and hope to buy it back when the price goes down.
Read moreHow do you set grid trade on Binance?
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.
Read moreHow do you set a grid trade Binance?
Binance Spot Grid Trading uses normal grids. Orders are placed from the top grid to the bottom grid . When a buy order is filled, a sell order will be placed on the grid above it. As the upper price is set at 60,000 BUSD, the grid strategy will begin by placing a buy order at 56,000 BUSD.5 Oca 2022
Read moreHow do you set up a grid trade?
Grid trading involves placing buy and sell orders at set intervals around a set price . The grid can be created to profit from trends or ranges. To profit from trends, place buy orders at intervals above the set price, and sell orders below the set price.
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