What is grid bot?

Grid Trading Bot is a trading bot that assists you in carrying out the Grid Trading Strategy . It enables you to place a series of purchase and sell orders within a given price range. When a sell order is fully executed, the bot instantly places another purchase order at a lower grid level, and vice versa.

You may choose a trading pair on the homepage by clicking the trade button under your desired market . You may place an order with your preferred price and amount. When there is a matching opposite order, your order will fill or partially fill. The partially filled order will continue to fill with the matching orders.

Grid trading is when orders are placed above and below a set price , creating a grid of orders at incrementally increasing and decreasing prices. Grid trading is most commonly associated with the foreign exchange market. … They could also place buy orders below a set price, and sell orders above.