🤖 Grid Trading in BitUniverse — Best Trading Strategy in Swinging Market
In the past 6 months, Bitcoin has been swinging between 5400 and 7800. In such small fluctuation, both left-side trading and right-side trading won’t have any space for profits.
Let me introduce a strategy called Grid trading which can profit during the swinging market.
Read the full introduction on our official blog: Why should you use GRID BOT?
ABOUT GRID TRADING
Grid trading is a type of trading strategy that profits from the sideways as well as trending market conditions. In the simplest of terms, Grid trading involves hedging, or placing simultaneous buy and sell orders at certain levels. The aim of this approach is to maximize the profits while the in-built hedging system ensures that the risks are minimized.
How Grid trading works
Grid trading strategy will keep making profits as long as the price swinging. It’s clear that every trade is profitable in the following graph.
Step by step guide to start Grid trading in BitUniverse
STEP 1: Pick a coin which is in the swinging pattern. (make sure the volume is high enough for trading)
STEP 2: Set the price range for grid trading.
STEP 3: Set the number and price of each grid
STEP 4: Set the stop loss price if it’s necessary
We pick BTC/USDT as an example. Grid trading will perform from $5400-$6400 and stop loss at $5000. There’re 20 grids with 0.001 BTC each. It’ll purchase 0.001 BTC while the price rise $50 and sell 0.001 BTC if the price drop $50.
After finishing all the steps above, you’ll see a notification about how much Grid trading shall cost and available balance in exchange.
⚠️ Notice: Grid trading will trigger your order anytime 7/24, you should upload your API to BitUniverse server to make sure it’ll work anytime. We’ll encrypted your secret key and keep it safe at our server.
STEP 5: Upload your API to BitUniverse server
Some details you need to know about Grid trading
- Use grid trading with consolidation pattern. If the price keeps tanking, you might suffer from some loss in this strategy.
- Profit from each grid should more than twice of the trading fee. (which is 0.2% in Binance)
- Ensure you have sufficient BNB and Huobi Point while trading in Binance and Huobi. (Lower your trading fee to ensure your profit)
Download and communities
👉 Android: https://play.google.com/store/apps/details?id=com.bituniverse.portfolio
👉 iOS: Search BitUniverse on AppStore
👉 iOS PRO: https://dl.data.bituniverse.org/prodownload.html
👉 Telegram: https://t.me/bituniverse
👉 Telegram for traders: https://t.me/butrader