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 Grid strategy?
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 moreWhat is Huobi grid trading?
Grid trading is a trading strategy in which users can automatically buy low and sell high in a specific price range through a program . In the volatile digital asset market, the use of grid trading can avoid erroneous trading decisions caused by human factors to a greater extent.
Read moreIs crypto grid trading profitable?
The Grid Trading applies the most fundamental trading concept (buy low, sell high, earn the difference), therefore it can be applied to nearly any market and effectively generate a profit , independent of trend or market behaviour.
Read moreCan I trade on Huobi?
1. Log in to the Huobi App and click “Trade.” 2. Click the “lines” menu button at the top left of the “Exchange” page to show available trading pairs.
Read more