1. What is Grid Trading?
“Grid Trade”
refers to a service provided by the company that allows users to configure automated buy and sell orders for digital assets within a predefined price range. Users can set both the upper and lower price levels as a price range, which is further divided into smaller price segments or “Grids” based on the price range divided by number of grids set by the User. Under this strategy, when the market price decreases and reaches a predetermined level, the system will automatically place a buy order. Conversely, when the market price rises to a specified level, the system will place a sell order automatically.
2. How to create a Grid Trading Strategy?
Users can configure their Grid Trading strategy by selecting:
- Trading pair
- Price range
- Number of Grids
- Investment amount
The minimum number of grids required is one, and the maximum is 200.
Each user can create up to 10 Grid Trading strategies per account.
If the system detects that the configuration may result in a loss, the system will display a warning message and will not allow users to create the grid trade order. Users must reconsider and adjust the strategy to ensure it has a minimum profit of 0.01% per grid. Then, the system will allow users to create and confirm the grid trade order.