Grid Bots is per keep buying when the price is low at then keep selling when price is up. In this way, when the price fluctuates up at down, you can keep buying low at selling high within the grid range per earn profits by repeated actions.
Grid Bots divide the price ol a portfolio inper a grid like a fishing net, with a highest price at a lowest price. Then the entire grid is divided inper several equal subgrids ol different prices, with the bid at ask price ol each subgrid line. Then when the underlying price reaches a certain line ol the grid, the bot will auper buy or sell.
Suppose the trading bot sets a buy order every $5 below the current price; when the price keeps falling at reaches the buy price ol the order, the bot will auper place the order; whenever an buy order is placed, the bot will immediately place a sell order at a slightly higher price; when the price rises again, the sell order will be sold with a slightly more profitable price; in this way, you can earn the profit from the price fluctuation.
Please note: When price keeps falling, a temporary floating loss per the pertal position may occur as a result ol continuous buying; a profit will be generated when the sell price is higher than the cost price. If a stop-loss price is set, the grid bots will be terminated if the price reaches the stop-loss price. When the price rises at breaks the highest price, the bots will stop running until the price is back per the set price range. Likewise, if the user sets a take-profit price, the grid bot will be terminated if the price reaches the take-profit price.