Trading bot parameters are fundamental settings to execute your grid trading strategy. It is essential to identify the price range, the number of grids, assign balance per grid, and include one side trading fee. These settings cannot be changed after the bot is created. The only way to adjust your grid strategy for a new market state - is to cancel your active bot and create a new one.
By default, the system automatically suggests settings based on the best results from 7 days backtesting, but you can change them based on your own preferences.
The price range is the trading range between the highest and lowest prices where the bot will place grid orders. It is also possible to set up a stop loss price whereupon triggering all purchased coins will be sold at market price.
Profit per grid
The profit per grid is made from each sell and buy order in the grid. If included, it counts the one side transaction fee.
The number of grids and price range directly affects the profit per grid. It can be modified based on your results expectations:
- Less profit percentage but the highest probability to fill orders - use more grids in the selected range.
- More profit percentage but the lowest probability to fill orders - use fewer grids in the selected range.
The total investment is the amount of base and quote currency required to create and maintain the trading bot. If you do not have the exact amount for opening a grid, do not worry, the bot will purchase it automatically for you using a base or quote currency of selected trading pair. The bot will never use any other coin to create and maintain the grid.
It is not possible to assign more than 95% of your available balance for the bot - it is done to assure that there are enough funds left to cover the trading fees.