Futures Grid is a staggered strategy on the futures market. This strategy will place limit orders on price levels and will fill each executed order with its counterpart order. So if the buy order is filled, the strategy will place the opposite sell order. This strategy is profitable if the actual price fluctuates inside your grid boundaries and grid price change (price difference between 2 grid entries) is greater than fees you have to pay on the exchange.
How to create bot
- Select name of your bot
- Select market
- Set Mid price – price level of the middle of your grid ( usually actual price ). Or Check Mid price as Auto and bot will set the mid price as actual price from the market
- Set Check time in seconds – interval in that bot checks changes on exchange and replaces filled orders
- Set Buy count – how many bid (buy) orders should be placed under mid price
- Set Buy quantity in base asset or quote asset – Quantity used to place grid limit orders. If quote asset quantity set, then it will be transformed to base asset quantity. Strategy will use only base asset quantity for order placement.
- Set Sell count – how many ask (sell) orders should be placed over the mid price
- Set Sell quantity in base asset or quote asset – Quantity used to place grid limit orders. If quote asset quantity set, then it will be transformed to base asset quantity. Strategy will use only base asset quantity for order placement.
- Price change – How far apart the grid orders should be from each other
- By value – by fixed price change (same price difference through the grid)
- % – by percentage of price (same price % difference through the grid
- You can see a preview of the grid in the chart.