Trading Bots
A Spot Grid bot instance
2023-06-12 14:300203
Creating a spot grid bot on Bitget is a strategic way to optimize your cryptocurrency trading. Follow this step-by-step guide to set up and run a spot grid bot:
How to create a spot grid bot
1. Create a bot
• Lowest or highest price: Set the price range in which the bot operates.
• Number of grids: Specify the number of grids in the price range (this affects profit per grid).
2. Run the bot
• When the price reaches a lower grid and triggers a buy order, the bot places a sell order at the next higher grid.
• When the price reaches a higher grid and triggers a sell order, the bot places a buy order at the next lower grid.
3. Terminate the bot
• After the bot is terminated, no more orders will be placed.
• Your assets will be automatically transferred from your bot account to your spot account.
Spot grid bot example:
BTC/USDT
Set the parameters
Lowest price: 50,000 USDT
Highest price: 100,000 USDT
Number of grids: 50
Grid order mode: Arithmetic
Available funds: 5000 USDT
BTC/USDT price at the time of bot creation: 60,100 USDT
Run the bot
Phase 1 - Initial orders: The grid prices are set at the following intervals: 50,000 USDT, 51,000 USDT, 52,000 USDT, and so on up to 100,000 USDT. Assuming favorable
market depth, buy orders are placed in each grid from 50,000 to 60,000 USDT, and sell orders are placed in each grid from 62,000 to 100,000 USDT.
Phase 2 - Bot operation: If the market price drops below 60,000 USDT, the bot executes a buy order (buy low) in the corresponding grid and places a sell order (sell high) in the next higher grid at 61,000 USDT. If the market price rises, after a sell order is executed, the bot places a buy order in the next lower grid.
This process of placing and executing orders continues as the market fluctuates, allowing you to profit from volatile market conditions.
Disclaimer
Spot grid bot is a trading tool. The above-mentioned information should not be considered as financial or investment advice from Bitget. Profits from spot grid trading may be impacted by one-sided market conditions or improper price intervals. You can adjust your spot grid trading bot according to market conditions. Your use of this tool is subject to your unconditional acceptance of all of Bitget's terms and conditions. You should be fully aware of the risks associated with
cryptocurrency
investments and proceed with caution.You agree that all investments on Bitget.com reflect your true investment intent, and you accept the potential risks and gains of your investment decisions.
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