1.What is spot grid？
Spot grid is a branch of grid trading, so it has the characteristics of grid trading, but spot grid can only be long, not short. The spot grid is also a trading strategy for selling high and buying low suitable for volatile market conditions. By setting the price range, the number of grids, etc., divide the funds into several equal parts in a planned way, buy in tiers when it falls, and sell in tiers when it rises. In the volatile market, we continue to sell high and buy low to arbitrage grid profits.
2.Pros and Cons of Spot Grid
advantage：
- (1).Spot grid trading has the characteristics of increasing positions at low positions and reducing positions at high positions. It is naturally suitable for volatile markets, and the market is a market with short bulls and bears. Some data show that 70% of the market is in the shock range. This is what we do Grid trading provides a natural trading environment and soil.
- (2).No need to watch the market, 24-hour automatic arbitrage machine.
shortcoming：
- (1).Because it can only go long, it is easy to be caught in a unilateral downward market, the utilization rate of funds is relatively low, and it is easy to run out of the range.
3.Which currencies are suitable for the spot grid
If you are a novice, it is recommended that you choose mainstream value coins with good consensus and high liquidity, such as BTC/USDT, ETH/USDT. If you have a deeper understanding of spot grid trading, you can try other high-volatility trading pairs to Earn High Deals.
4.How to use the spot grid strategy
5.Parameter Description
- Price Range： Decide in which price range the strategy trades, beyond which the strategy will not execute the trade.
- Number of grids： Determine the grid width, for example: the interval is 100-500, the number of grids is 4, then the grid width is (500-100)/4 = 100, and the grid width is 100.
- Base currency buy/sell qty per grid： transaction volume.
- Increase in quantity： Continuous buy or continuous sell volume increments.
- Balance： Refers to the available balance in the wallet associated with the trading account.
- Total investment： The total amount invested in this strategy.
- Trigger price： (Optional, the trigger price should be lower than the latest price and within the range of the lowest price and the highest price) If you don’t enter it by default, there will be no trigger price, and it will be triggered directly by default, but it must be within the price range; After the input, it will be triggered according to the input price, and when the current price is less than the trigger price, the strategy transaction will be triggered.
- Termination Conditions：(optional)
- settlement options： (Optional) Whether to sell the holding position according to the market price at the time of termination
