After the grid order direction has been chosen, the grid type must be selected. For this there are two options - arithmetic mode and the geometric mode. The arithmetic mode creates grids with an equal price difference, while the geometric mode creates grids with an equal price ratio difference.
Upon selecting the mode, choose the preferred price range. Specify the price range in which you expect $BTC to remain. Suppose that the trader expects the price of $BTC to remain between $20,000 and $30,000 for the next 24 hours. With this strategy, the grid trading bot automatically places buy orders at lower prices as the price of$BTC
drops towards $25,000, and sells orders at higher prices as the price starts to recover, in order to make a profit from the price fluctuations.
The user must then fill in the grid count and specify the number of orders the system must place within the configured price range. The more grids, the greater the number of trades there are. However, the profit from each trade will be smaller.
The final step is to assign an initial margin. The initial margin of a position must be set to help the system determine the initial margin value according to the number of grids, leverage, and price range chosen. Make sure to keep in mind that the more close the grids are, the higher the initial margin. #BinancePick #EarningsSeason #bitcoin #BTC #BinanceExplorers
Upon selecting the mode, choose the preferred price range. Specify the price range in which you expect $BTC to remain. Suppose that the trader expects the price of $BTC to remain between $20,000 and $30,000 for the next 24 hours. With this strategy, the grid trading bot automatically places buy orders at lower prices as the price of$BTC
drops towards $25,000, and sells orders at higher prices as the price starts to recover, in order to make a profit from the price fluctuations.
The user must then fill in the grid count and specify the number of orders the system must place within the configured price range. The more grids, the greater the number of trades there are. However, the profit from each trade will be smaller.
The final step is to assign an initial margin. The initial margin of a position must be set to help the system determine the initial margin value according to the number of grids, leverage, and price range chosen. Make sure to keep in mind that the more close the grids are, the higher the initial margin. #BinancePick #EarningsSeason #bitcoin #BTC #BinanceExplorers