Grid bots support Stop Loss features, however, the actions available will depend on whether you are trading on a normal Spot exchange account or a Futures (leveraged) exchange account.
For Spot Grid Bots
There are two options available when you enable Stop Loss for a Grid Bot:
"Stop bot" simply stops the bot from operating if the price leaves the upper or lower Grid Levels configured for your Grid Bot.
"Buy Base currency and stop bot" this option is available to choose for the action when the price rises above the upper Grid Level. It allows you to stop the Grid Bot and buy the Base currency and is perfect if you think the price will "breakout" and head higher.
Example: If your bot was trading BTC/USD then this means the final trade the bot makes to use all the USD configured for the bot to buy BTC.
"Sell Base currency and stop bot" this option is available to choose for the action when the price falls below the lowest Grid Level. It will sell all of the Base currency (ie: coins accumulated by the Grid Bot while it was running) back to your Quote currency.
Example: If your bot was trading BTC/USD then this means the final trade the bot makes to sell all the BTC bought by the bot back to USD. This is a drastic action and you will most likely realize a loss when the coins are sold - there may be better ways to deal with the funds (like if you think the price will fall further, use a Smart Cover trade to release USD equity from the BTC).
⚠️Important thing to remember!⚠️
When you create a Grid Bot, the bot assumes you will have all the funds required for each grid level, as if the Stop Loss was triggered, it would place an order with the size equal to your total grid levels number multiplied by the amount of the asset per grid.
For example, if you have 100 BUY grids and 0.1 BNB per each grid, the Stop Loss would place an order for 10 BNB (100 * 0.1 BNB) should the price fall below the bottom grid level.
If some grid levels are skipped because of the Insufficient funds error, the Stop-loss order will also fail with the Insufficient funds error.
For Futures Grid Bots
There are two options for the actions the Grid Bot can take if price leaves the top of your Grid or if price falls below the bottom of your Grid:
"Stop bot" simply turns the bot off but be warned you will still have an opened Futures position for the contract being traded on your exchange and you will have to manually "manage" this position as there will be no tool in control of it to avoid being liquidated! You can use this Help Guide for "Manage Open Orders and Positions" to see how to quickly convert the open position into a SmartTrade with just a few button clicks! 😄
"Close position and stop bot" this will make the Grid Bot buy or sell contracts to close the position should price climb or fall out of the Grid upper or lower boundaries.
Please note: The Grid Bot will only close the amount of contracts it bought or sold during the period it was operational. If you have "Beast Mode" enabled, then you may have altered the position size and the Grid Bot cannot account for this - we recommend all traders disable "Beast Mode" unless they have created a custom advanced trading strategy that specifically requires safety features in 3Commas are disabled for trading Futures.
We hope you found this information useful!