Hi. I have little experience with crypto-trading, but a working understanding of it, as well as with the bots.
In the explanation above for the example case it is said that:
“It will earn you a small profit for every set of buy and sell order that has been triggered.”
What is the profit made with the buy orders? Am I misinterpreting, because it refers to the set of both sell AND buy orders for a certain grid?Please, correct this reasoning:
There’s a “local” profit made when price goes above a certain grid, but if it falls below this very same grid, the net sum is 0 for this specific grid’s profit. You would necessarily have to be at least one grid above the entry price to have some net “grid profit”. I also understand the unrealized profit refers to the difference between current price and the closest grid below (for price going up), were you to close the bot.Thanks in advance.
Grid Trading bot will operate with ” buy low and sell high ” strategy automatically.
The profit per grid is the difference between one sell order and one buy order, and the parameters of it will match to the percentage you set when you created the bot.
While the spots’ price reaches the grid level of buy or sell order, the bot will place a new buy/sell order below or above the current price. It won’t place at the current price before the next grid level be triggered.