The Gunbot team has added a new Strategy to the trading arsenal.
To access this new strategy, users need to update to the latest beta version (available over the Gunbot member groups on Telegram).
Create a new strategy and name it spotGRID (or whatever you wish).
There are only 2 tabs with this strategy, and thus, there are very few strategy settings to be set with this particular strategy.
This strategy is a bit different, and the common settings, like the confirming indicators, have no role at all. There is also no stop limit in the Spot-Grid strategy.
If the market goes up, this strategy will ride the up-trend.
If the market goes down, this strategy will accumulate in ever-increasing steps. There is also no stop limit in the Spot-Grid strategy.
All essential settings for this strategy are located here.
Note! It is important to calculate the “trading limit” x “Max buy count” to know the needed capital for trading.
In the Advanced tab, you can set just a couple of options, like the Auto-Gain function, the Period, and the Grid Multiplier.
Mostly, Gunbot users will want to use a low Period (candle-stick) since this is a high-frequency trading strategy.
Auto-Gain – Sets a dynamic sell target for Spot-Grid. The target is never lower than 2x trading fees, the target decreases when the position size increases. Overrules a manually set target.
Grid-Multiplier – Can be used to increase or decrease the distance between buy orders. Default value 1 means that the hardcoded levels are used. 1.5 would increase the levels with a factor 1.5x, a value of 0.5 would halve the default levels.
The Period – The “size” of the candlesticks used for indicator calculation, make sure that you use an accepted Period value for your exchange. The Value represents minutes.
It is only a matter of time until you try this new strategy.
The Spot-Grid strategy will try to do as many small trades as it can, trailing profits and accumulating profits!
Now you can use the Spot-Grid strategy with Gunbot, for any spot trading coin-pair.
Happy Trading and Plus Profits!