How do I get started with Futures Grid Bot?

2024-08-22 11:10

Here’s a step-by-step guide to creating your first Futures Grid Bot on Toobit.

Trade via Trading Bot Page

Please click Trading Bots in the navigation bar to enter the Toobit Trading Bot page.

Create your Futures Grid Bot by clicking the corresponding bots, then it will guide you to go to the Create Futures Grid Bot page. The maximum amount of Futures Grid Bot can be created is 10 bots.

You can create Futures Grid Bots in two ways:

AI Strategy

Just select the AI strategy that you want to use, and then click “ USE”

Manual

Pair: Select Derivatives trading pair
Order Direction: Neutral, Long or Short
Price Range: Set lower and upper price bounds
No. of Grids: Enter the number of grids

Notes:

— For Arithmetic, each grid has an equal price difference. For Geometric, each grid has an equal price ratio difference.

— Arithmetic grid is the default. If you want to use a geometric grid, you can select it in the No. of Grids column.

— The higher the number of grids, the smaller the price intervals. This means that in a volatile market your orders may be filled more frequently, but your profits would be lower, due to multiple trading fees.

Leverage: Set your preferred leverage
Investment: Enter the amount you wish to invest
Advanced Settings (Optional) — You can optionally set the following parameters:
Take Profit. The Take Profit Price
Stop Loss. The Stop Loss Price

Next, click on Creat strategy(long). Here are the definitions of the two terms for your reference:

Take Profit: When the last price reaches the take profit price, the take profit order will be triggered, and the position will automatically be sold to lock in your profits.
Stop Loss: When the last price reaches the stop loss price, the stop loss order will be triggered, and the position will automatically be sold to limit your loss.

Please double-check the grid bot information you’ve created, and then click on OK to start trading. Your Futures Grid Bot has been successfully created! After you click on OK, the page will automatically show your Bots for you to view your active grid bots.

You can click on Details in the running bots page that you want to view to explore more information, including current status of your Futures Grid Bot. You can also adjust the investment amount or add TP/SL to your position from the Details. Please note that the additional investment only serves to maintain the position in order to avoid liquidation. It does not reset the Grid Bot parameters.

Risk Warning: Futures Trading Bot is a strategic trading tool and not financial or investment advice from Toobit. Use Futures Grid Bot at your own discretion and assume all risks associated with it. Toobit will not be liable for any losses you may suffer as a result of using this feature. Users are strongly advised to read and fully understand the Futures Grid Bot Tutorial, take appropriate risk management measures and trade sensibly within your financial means.