How does Maxbit’s Grid Trading work?
Workflow:
- Grid Trading periodically monitors the market prices. It places a buy order at each predefined Grid Buy Price, and a sell order at or above each predefined Grid Sell Price.
- The System will submit buy and sell orders to Destination Exchange based on Grid Trading’s orders, executing at market prices with a predefined tolerable slippage.
- If the execution price does not meet the specified conditions with Fill-or-Kill rule, the System will not execute any buy or sell orders.
- User account balances are not reserved or blocked in advance.
- The Broker System will reserve the necessary funds at the time an order is submitted.