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 moreHow do you backtest on Quadency?
To run a backtest, simply click the “Backtest” button . You will be prompted to select a backtest timeframe.
Read moreWhat is the difference between DCA bot and grid bot?
The difference between the two trading bots is as follows: DCA bot places one take-profit for all orders. Grid bot places take-profits for every order separately . DCA bot reduces the risk of purchasing high by investing at consistent intervals.
Read moreHow does 3Commas bot work?
The GRID bot is 3Commas’ newest bot, and it works by dividing a technical price chart into slices . Each slice, which covers a range of prices, is assigned a buy or sell signal. When the currency price crosses into a new slice, the bot will automatically buy or sell based on the signal assigned to that slice.
Read moreWhat is the best grid bot?
5 Best Crypto Grid Trading Bots
Read moreHow do you set up Quadency bot?
If you want to leave one bot running, and start another bot, simply go to the bot tab, click on the available bots section, click the select button of the bot you want to add, configure the bot and start it live . You will be able to see both bots running on the “my bots” section.
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