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I'm excited to share my experiences about crypto trading bots with you. It is quite simple to use even as a beginner 🔥
I always use Binance bot trading for easy trading and more profit making. Meanwhile, my most favorite is spot grid trading. I have been making gains with it for some months now.
So I will teach you how to use trading bot in Binance.
Setting up Spot Grid :
I will use BTC/USDT for this practice
Manual setting:
Assuming the current price of BTC /USDT is $27025.14
Duration of running: I will choose 3Days
Now setting the parameters:
1. Price Range: 26905.91-29051.22
2. Grids
If you use this setup, you should get around 23 grids
* Select Arithmetic
* Profit/Grid (fees deducted): It is usually around 0.12% -0.14%
3. Investment in USDT: at least $140.
Note:
If you are a beginner, it is advisable to use automatic parameters
Explaining Grid for new users:
With grid bot trading, traders can automate their trading by setting up a grid of buy and sell orders based on a predefined set of parameters. This allows the bot to execute trades automatically and without human intervention, eliminating the possibility of errors caused by emotions, miscalculations, or fatigue.
Why I prefer using spot grid instead of future grid:
Actually, I trade both spot and future trading bots, however, I
Prefer Spot grid trading bots because, it generate profits only on capital deployed since they use spot wallet funds and insufficient funds will automatically stop the trade. This makes spot trading relatively safer since the trade is solely with one's own money.
If you need further guidance , drop it in comment section .
Lets keep learning and building together 💪
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