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 does Grid trading bot work?
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.5 Oca 2022
Read moreCan you lose money with a grid bot?
While losses are controlled by the sell orders, also equally spaced, by the time those orders are reached the position could have gone from profitable to losing money . For this reason, traders typically limit their grid to a certain number of orders, such as five.
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