How Can I Profit From Grid Bots?
Suppose the trading bot sets a buy order every $5 below the current price; when the price keeps falling and reaches the buy price of the order, the bot will auto place the order; whenever an buy order is placed, the bot will immediately place a sell order at a slightly higher price; when the price rises again, the sell order will be sold with a slightly more profitable price; in this way, you can earn the profit from the price fluctuation.
Please note: When price keeps falling, a temporary floating loss to the total position may occur as a result of continuous buying; a profit will be generated when the sell price is higher than the cost price. If a stop-loss price is set, the grid bots will be terminated if the price reaches the stop-loss price. When the price rises and breaks the highest price, the bots will stop running until the price is back to the set price range. Likewise, if the user sets a take-profit price, the grid bot will be terminated if the price reaches the take-profit price.