1. What is Spot Grid?
Spot grid is a market trading strategy based on the idea of buying low and selling high, which is suitable for a volatile market of digital currency. By the means of setting the price range, the number of grids, and others, the funds are systematically divided into a number of equal parts, then the buy orders will be placed when the price drops, and sell orders will be placed when the price climbs, acquiring grid profits constantly through buying low and selling high in the oscillating market.
2 .When Should I Choose Spot Grid Trading?
When there is an oscillation market of the range, it is tim e to choose the spot grid trading, which involves repeatedly buying low and selling high within the range to earn grid profits.
3. Which Trading Pairs are Suitable for Spot Grid Trading?
If you are green hands, we recommend you to choose BTC/USDT, ETH/USDT and other mainstream trading pairs with good liquidity. If you have a better understanding of spot grid trading, you can try other high volatility trading pairs to earn high grid profits.
4. Can I Stop Loss on Spot Grid Trading?
Yes. You can set the Stop Price in the parameters to maintain the safety of your assets. When the price of the underlying transaction is below the Stop Price, the quantitative product will automatically sell the underlying transaction to stop losses.
5. Will the Trading Fee Exceed the Grid Profit?
No. Spot grid trading ensures that orders will only be placed if the grid profit is greater than the trading fee, so there will be no situation where the trading fee exceeds the grid profit.
6. Should I Choose "Smart Grid" or "Configure Grid Manually " For Spot Grid Trading?
If you are green hands, we recommend you to choose Smart Grid.
Based on the last 7 days of historical data, Smart Grid will backtest and then automatically calculate the parameters of the grid with the highest yield. These parameters include Lower Limit Price, Upper Limit Price, and Grid Quantity. The user only needs to choose the percentage of the investment amount (the investment amount must be greater than or equal to the minimum investment amount).
If you are experienced in spot grid trading, you can use the "Configure Grid Manually" feature to configure the parameters according to your needs.
7.Entrance to Spots Grid Trading
Move your cursor on the Navigation bar --- click on "Copy Trading" ---
Create A New Strategy --- Select "Strategies Templates" --- Click "Create Strategy" in the Spot Grid Trading section---Select the trading pair---select "Smart Grid" or "Configure Grid Manually ", as shown in the figure below.
8. Parameters in “Configure Grid Manually”
Fill AI data: Automatically acquire and fill AI smart grid data
If the base currency buy/sell qty per grid=1 and coins(BTC) of increment per grid=2. Then in the first grid, it will buy/sell 1 BTC, and in the second grid, it will buy/sell 3 BTC(1+2). There will then be 5 BTC(1+2+2) for selling/buying in the third grid, and so on.
Sell the Coins You Already Have When It Terminates: Once enabled, the strategy will sell the coins you already have at market price (exchanged for USDT) when the strategy terminates.
HODL Mode: Once enabled, earnings from this grid strategy will be exchanged for the coin you choose in real-time.
Note: "Sell BTC When It Terminates" and "HODL Mode" can be selected at the same time.