Grid buy/sell is used to help you open a position with multiple orders within a price range with just one click.
For example, if you want to place 5 orders for 1 ETH each within the price range of 1796-1800 USDT, with prices at 1796, 1797, 1798, 1799, and 1800 USDT, you can set the upper limit price to 1800, the lower limit price to 1796, the “Grids” (i.e., the number of orders) to 5, and the “Per grid” (i.e., the quantity for each order) to 1 ETH, and choose the “Arithmetic” (What is the difference between “Arithmetic” and “Geometric”?), as shown in the figure:
Our system will help you place 5 orders, starting from 1800 USDT and decreasing the price by 1 USDT each time until 1796 USDT, as shown in the figure:
FAQ
What is the difference between “Arithmetic” and “Geometric”?
- “Arithmetic”: the price difference between two adjacent orders is the same.
- “Geometric”: the price ratio between two adjacent orders is the same.
For example, according to this parameter:
- Upper limit price: 1800 USDT
- Lower limit price: 800 USDT
- Grids: 3
- Per grid: 1 ETH
If we choose “Arithmetic”, the following 3 orders will be placed:
- Buy 1 ETH at 1800 USDT.
- Buy 1 ETH at 1300 USDT.
- Buy 1 ETH at 800 USDT.
The price difference between order 1 and order 2 is 1800 – 1300 = 500 USDT.
The price difference between order 2 and order 3 is 1300 – 800 = 500 USDT.
This is “Arithmetic”, which means the price difference between adjacent orders is the same.
If we choose “Geometric”, the following 3 orders will be generated:
- Buy 1 ETH at 1800 USDT.
- Buy 1 ETH at 1200 USDT.
- Buy 1 ETH at 800 USDT.
The price ratio between order 1 and order 2 is 1800 / 1200 = 1.5.
The price ratio between order 2 and order 3 is 1200 / 800 = 1.5.
This is “Geometric”, which means the price ratio between adjacent orders is the same.
