You don't know how to trade cryptocurrency.... Binance grid bot got you covered
For some time now i have been trying out Binance spot grid bot in automating my trades after a lost a huge amount of money trading futures on Binance, but that's a story for another day. Late last year Binance announced the launching of grid bot trading on spots wallets which allows traders too compound profit by opening various positions on both buy and sell.
I started using the bot 16 days ago trading ETH/BTC per and later opened another position on BNB/BTC as the price of ETH has dropped lower from my proposed set range and the bot has stopped trading eth because it has ran out of range, i cant be waiting for the price to move back to the range that's why i opened a new one position on bnb.
The bot does not have the features to modify open working grid and additional funds cannot be added to the trading strategy, which is a downside using this bot as i would have loved to be able to add more assets to my open order and also be able to extend my grid range so as to follow the market trend without canceling my trade set up, but right now that's the only way one can adjust the grid not by actually stopping it from working or creating.
Binance
Binance grid bot has two set up strategies
- Auto
- Manuel
Both operate same way, the only difference is you cant adjust the settings one the auto as all the parameters are fixed, but you can adjust that of the manual with your personal parameters. Using the bot is free and one can start trading with it with small capital so one doent need to be a whale in other to use the bot.
Creating new order or trying to modify the grid bot trading strategy cancels the grid bot and all open orders are canceled except executed orders which one can cancel Manuel.
As we wait for the market too recover one can be farming more coins using this bot as it has given me a profit of over 0.0005 btc over 3days of use.
@kayceefresh , Thanks for sharing with us on @campusconnect . Continue sharing your quality contents with us here we love and appreciate your effort ,Thanks