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How Does Grid Trading Bot Application Work? - Technology Market - Nairaland

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How Does Grid Trading Bot Application Work? by Richard97: 7:47am On Jan 11
Grid Configuration: Once traders complete their registration process. They should define the grids based on the asset's current market price. They establish parameters like the number of levels in the grid and the grid spacing, or the separation between buy and sell orders.

Placing the Order: The grid trading bot automatically sets up buy orders above the center price and sells orders below it regularly. A grid pattern is formed by placing each buy and sell order at a predetermined distance from the center.

Market Analysis: The bot keeps an eye on the market in real-time, tracking changes in market conditions as well as price movements. It is designed to react to changes in price and carry out trades in accordance with the predetermined grid strategy.

Order Execution: The bot executes the corresponding buy or sell order when the market price hits one of the grid levels.

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