Choose a strategy.
To launch the bot in the Rising strategy, more buy orders than sell orders are used. Setting the High price closer to the current price allows trading to start with a smaller amount of base currency and reduces the risk of a significant decrease in investment value in the event of a sudden price drop.
This strategy includes the Trailing Up function, which allows the bot to continue trading when the price moves beyond the initially configured range.
For a number of supported exchanges, as well as for Paper trading account, the optimal grid order step is calculated based on the most profitable result in a series of backtests. This allows the bot's settings to be tailored to the volatility of each pair.
In the Rising strategy, the High price is set approximately 1.5% above the current price when launching the bot, while the Low price is set 28.5% below, and the Trailing up function is enabled to allow the grid orders to automatically move up with the price. Since the grid orders cannot move down, 95% of orders are placed below the current price, ensuring that the bot continues trading in case of price drops.
As a result, around 5% of grid lines will be above the current price, while 95% will be below, with the bot mostly using the quote currency.
Coinbase Pro (GDAX)
The Stable strategy is suitable for trading in a sideways market, with higher volatility and a more stable channel being more favorable for trading.
The Stable strategy has fixed High price and Low price for the bot's trading range.
The optimal step for each pair is determined during our regular backtesting, which is conducted every 24 hours on Binance Spot and Bybit Spot exchanges.
The strategy involves placing the High price and Low price of the trading range at an equal distance, approximately 17.5% from the current market price at the time of creating the bot.
When the bot is launched, an approximately equal amount of both currencies in the pair is used.
ByBit Inverse Perpetual.
During the bot launch, the current price divides the bot into the upper and lower zones of the range. In the upper zone, the bot will always trade in short, and in the lower zone - in long.
You can set leverage level up to 125x.
How does Futures GRID bot work?
If the price is going down and Buy is triggered first, the bot opens a Long position with margin equal to amount per level;
If the price continues to go down and the next Buy order is executed, the bot increases the position with margin equal to amount per level;
If the price reverses and Sell order is executed, the bot decreases the position with margin equal to amount per level;
If Long is open but the price crosses into the upper zone of the bot, then Long is closed and if the price continues to rise by 1 Step, a Short position is opened.
If Sell line is crossed first, the bot opens a Short position with margin equal to amount per level;
If the price is going up and the next Sell order is executed, the bot increases the margin with amount per level;
If the price reverses and Buy order is executed, the bot decreases the margin with amount per level;
If Short is open but the price crosses into the lower zone of the bot, then Short is closed and if the price continues to fall by 1 Step, a Long position is opened.
Trading with leverage can have the following advantages:
Increased potential profit: leverage allows you to increase the size of your position in the market with borrowed funds, which can lead to higher profits when predicting the movement of asset prices correctly.
Lower required capital volume: trading with leverage allows you to control a larger volume of funds in the market than you have in your trading account. This allows you to participate in trading with less capital required and manage your capital more efficiently.
Increased investment portfolio diversification opportunities: trading with leverage allows you to expand your investment opportunities, as you can take on more risk than in the case of trading without leverage.
However, it should also be noted that trading with leverage also has risks and can lead to the loss of capital if the market moves in the wrong direction. Therefore, it is important to use leverage with caution and not forget about proper risk management.
Choose a pair.
Choose a pair - a search function with the ability to filter pairs based on various criteria.
The default sorting is based on the backtest results over 120 days using the Rising strategy.
Additional filters can be added:
My favorites - to filter the list by pairs that you have marked with a star
RSI (14) - Relative Strength Index, allows you to get a list of pairs where the RSI indicates oversold conditions (values below 30 or 20) on mid-term and higher timeframes (H1, H4, D1).
Tradingview - A comprehensive indicator from a well-known trading platform that allows you to get pairs with Buy and Strong Buy signals on H1, H4, and D1 timeframes.
Stablecoins - allows to filter pairs with stablecoins such as USDT.
Top by market capitalization - selecting pairs made of top 100, 200 or 500 coins.
You can apply multiple filters simultaneously, and the list of pairs will display those that meet all the selected conditions.