MEET. ONE AI Grid Trading Bot, an effective tool for you to hunt trading profits in the fluctuated markets.
Warm Reminder: Making risk control while trading. Only risk an amount of money you can afford. Rational trading within your financial ability is recommended.
Part I: About the Bot
1. What is the best situation for the trading bot?
Grid trading bot is the best choice in volatile markets, and 90% of the market is in the midst of shocks & swing. The successful rate assured by the grid trading bot is over 80%, which is a mature automatic trading tool widely used in the stock market, foreign exchange, and other markets.
The grid trading is based on the principle that the invested capital is divided by the number of grids to make trades. The more frequent fluctuations in the set price range, the higher the profit. The trading bot earns profits through continual trades within the price range the user set.
So when the token price keeps fluctuating in the same range, here comes the best chance to create your grid trading bot!
2. Is MEET.ONE AI Grid Trading Bot safe for trading?
AI Grid Trading Bot is incubated by the MEET. ONE MEX team. MEX is an aggregate exchange, integrating Binance, HuobiGlobal, and OKex into one. Its security level is aligned with these top 3 secure exchanges. AI Grid Trading Bot is designed to provide a secure and effective approach for your trading.
3. How does Grid Trading Bot earn profits?
Grid Trading Bot profits from the ups and downs of the market, performing well in the swinging market.
Profit formula: Total profit=Grid profit +Floating profit
Grid profit mans the earnings made by trading bot trades. Floating profit refers to the profit generated from the fluctuant market price of the token you hold. The profit shown on the trading bot is the net earning after trading fees deduction.
4. Does Grid Trading have risks?
Grid Trading Bot is fit for the fluctuant market. If the market keeps dropping, the bot will constantly buy-in, and you may have the risk of loss. While being optimistic, you can regard it as the “Hold” process.
5. How does the Grid Trading Bot work?
Grid trading is when orders are placed above and below a set price, creating a grid of orders at incrementally increasing and decreasing prices.
In MEET.ONE trading bot system, the user should set trading price range firstly, and then set the grid parameter (the number of grids). When the market price triggers the set price line, trades happen. Within the set price interval, the trading bot would automatically place buy orders when the token price goes below the set price and make sell orders when the price goes above the set price. Profits come from trends and ranges.
Part II: About the Grid Trading Bot Settings
1. How does the grid number affect the profit?
The more grids in the set price range, the trades will be made more frequently. While less profit per grid you’ll gain. On the contrary, the fewer grids, the lower possibility to execute orders but with the substantial profit per grid.
When setting the grid parameter, the trading bot has auto calculated single grid profit rate for your reference. Please beware that the minimum per grid profit rate must be greater than the handling charge (0.15%) multiplies 2 when adjusting the grid parameter.
2. How to choose the trading pair and set the price range?
Well, this depends on your trading experience. Different users have their own different trading secrets. Just keep one thing in mind, choose a trading pair with good liquidity and make the risk control.
If you don’t know how to set it, it’s recommended to study Top Players’ strategies or directly follow them!
Here is the example to help you know well about grid bot trading. For example, let’s assume the used trading strategy is BTC/USDT, the trading range is 5000–10000, 6 grids. So the spacing between each grid = (10000–5000)/(6–1) =1000, and the grid trigger lines in the trading range are respectively 6000, 7000, 8000, 9000. If the current price is 7500 when the grid trading strategy is enabled, the bot will automatically buy at 7000, 6000 and 5000, and sell at 9000 and 10000. Interestingly, there are no listing orders at the position of 8000. The reason is simple. According to the algorithm, orders above the current entry price will cause losses, so there is no listing at the position of 8000. When the token price rises to 9000, it will trigger the trade of the sold order of 9000. After the transaction, it will buy at 8000.
3. Can I cancel the bot? What will happen after cancellation?
It’s not recommended to cancel the bot casually. Your human emotional behaviors may have negative impacts on bot trading and cause losses. While if you really decide to cancel the bot, think twice before action. After cancellation, the bot would stop running immediately and all the grid orders will be canceled. Your funds will remain with the same allocation at the moment it stops running.
Part III: About the transactions
1. How can I check the running status & orders of bot?
You can check all the details of your bot in 【My orders】. The button is on the bottom of the page.
2. The things you need to consider when you set up the bot trading strategy
Take notes before you set up the trading strategy. Recording the total investments (cost), per grid cost, grid number, etc makes you are clear about your cost and every flow of the invested capital.
Please notice that the trading bot is just a tool to execute trades according to your established trading strategy. The bot knows nothing about your cost and it’s operated with the purpose of earning profits from trades for you.
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