What exactly does upper and lower limit mean?

Answer

Upper limit and Lower limit means the range of price which the bot will work and placing the orders. Outside of this range, the bot will not put any order and will wait the price to come back to this range.

Related posts:

  1. What meant was, when you do grid 20, how do you figure out your Lower and Upper Limit price? What timeframe do you use to see your Lower and Upper price? Thanks!
  2. I want to ask i use grid trading bot if the price is higher than my upper limit what will happen ? Is the upper limit will go otomaticly higher ?
  3. I want to ask i use grid trading bot if the price is higher than my upper limit what will happen ? Is the upper limit will go otomaticly higher ?I
  4. For grid bot, if I set the range bigger, lower low, and higher high, does that also mean I have a lower risk?
  5. I did Eth/Btc pair and my lower limit was set at 0.0036 while upper limit at 0.00371, it has exceeded but no grid profit is showing receivable is also showing 0 .why?
  6. What happens if the price crosses my upper and lower limit?
  7. What happens if the price falls under the lower limit? I know that the bot will stop trading, but if the price raises again above that lower limit, the bot will start trading again, or do I have to set it up from scratch? The coins will be sold for fiat, or I’ll keep the amount of coins acquired?
  8. How To Use Limit Orders vs. Stop Order
get free trading bots now