What are Futures Grid Bots?
Futures Grid Bots are tools to help automate your trading strategies. They're designed to place long and short positions at regular intervals within a predefined price range. Aside from that, Grid Bots also seek to capitalize on price fluctuations. Therefore, they perform best in volatile markets.
What type of market condition is best suited for the Futures Grid Bot?
Futures Grid Bot strategies are suitable for both volatile and sideways markets.
What tokens does Toobit support in order to create the Futures Grid Bot?
At the moment, we are only supporting USDT Perpetual Contract.
Are there any fees associated with Futures Grid Bots?
The fee structure is the same as the rates of trading USDT Perpetual on Toobit. Please note that a funding fee will be incurred at the funding fee interval of the contract traded, which may be paid or received.
Which account can I use the Futures Grid Bot for?
All trading bots will be channeled directly through the Spot Account or Futures Account. When you create a Futures Grid Bot, the system will automatically transfer the investment amount from your Spot Account or Futures Account's available assets to the Trading Bot. Upon termination of the bot, the investment amount and profits (if any) will be transferred back to your corresponding Account.
Is Identity Verification (KYC) required to use the Futures Grid Bot?
No, all users can create Trading bots without any KYC verification.
What order modes does the Toobit Futures Grid Bot offer?
Toobit's Futures Grid Bot offers three (3) modes — Neutral, Long, and Short — for you to place your orders.
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Neutral mode is suitable for volatile markets.
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Long mode is suitable for volatile market conditions where prices are rising.
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Short mode is suitable for volatile market conditions where prices are falling.
How many trading bots can users create？
Each user is allowed a maximum total of ten (10) Future Grid Bot bots.
Can I adjust my Futures Grid Bot parameters?
Yes, you may modify two parameters when the Futures Grid Bot is running, including Investment (USDT) and TP/SL. The new Futures Grid trading strategy will take effect immediately after the parameters are modified and successfully saved.
Under what circumstances will my futures grid bot automatically stop?
Your futures grid bot may automatically stop when:
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The TP/SL condition is triggered;
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The position is liquidated;
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Insufficient available margin causes repeated order placement failures.
Once the bot stopped, all pending orders will be canceled, and any open positions will be closed at the market price. After settlement, any remaining funds will be returned to the corresponding account. We recommend maintaining sufficient available margin to account for market fluctuations and additional orders.
Can I add more margin to my futures grid bot?
Yes. Go to the futures grid bot details page and click [Add margin] to add. Adding margin will not change your existing grid parameters.
If the available margin is insufficient, new grid orders may fail to be placed. If order placement continues to fail, the bot may stop automatically.
How do I receive my profits and investment amount after I terminate my bot?
While your grid bot is still running, any profit gained will stay within the bot. However, once the bot is terminated, both your investment amount and profits will be automatically transferred to your account.
Do I need to terminate my Futures Grid Bot if the market price falls outside of my predefined price range?
The open positions held by the Futures Grid Bot will remain open if the market price falls outside the price range set and no new order will be placed by the Grid Bot until the price returns to the predefined range. Users have the option to terminate the bots manually if desired.
Are there circumstances under which my Futures Grid Bot position can be liquidated?
Yes, your position will be liquidated if the mark price reaches the liquidation price and your bot will be terminated.
What’s the difference between Grid Profits, Unpaired P&L, and Total P&L?
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Grid Profits are the sum of the profit of each grid that has completed
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Unpaired PnL represents the sum of independent profit and loss (PnL) for unpaired positions, the settled funding rate, and the trading fees of the positions you currently hold
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Total PnL from ongoing grids = Grid profit + Floating PnL
