How to Create a Spot Grid Trading Strategy on Binance
How to Create a Spot Grid Trading Strategy on Binance
2022-08-10 03:11
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Last updated: 27 May 2024
You can create your spot grid trading strategy on Binance by setting parameters or copying existing ones from the Bot Marketplace. Follow the step-by-step guide below to start spot grid trading on the website.
How to create a spot grid trading strategy?
1. Log in to your Binance account and go to [Trade] -[Trading Bots].
2. Go to [Create Strategy] - [Create].
3. You will be redirected to the Spot Grid Trading interface. Go to the market you want to trade, for example, BTC/USDT.
4. Select [AI], [Popular], or [Manual].
AI: It will automatically generate parameters based on the technical analysis of the symbol's price and the time period you select.
Please note that the system will use market prices in different time intervals to calculate the most suitable strategy parameters for you, but there is no guarantee how long your grid strategy will run. The recommended parameters will vary depending on the time period you select.
Popular: You can view the available strategies and their respective ROI, PnL, popularity and runtime. To create a spot grid order using an existing strategy, click [Copy].
Manual: You can copy the parameters from the [AI] or [Popular] tab and modify them into your own grid strategy, or use the [Arithmetic] or [Geometric] mode to set parameters for your grid strategy.
How to use an existing parameter to create a spot grid trading strategy?
1. Log in to your Binance account and go to [Trade] - [Trading Bots].
2. Go to [Bot Marketplace] to search for existing strategies. Select the market, running time, ROI, and zone to filter.
3. You can view the available strategies and their respective ROI, PnL, popularity, runtime, and minimum investment by clicking [Copy]. To create a spot grid order using an existing strategy, enter the investment amount and click [Create].
Please note that due to differences in market conditions, these preset parameters do not guarantee to deliver the same results.
4. You can adjust parameters like [Arithmetic] or [Geometric] mode and the number of grids by [View Parameters] - [Customize Parameters]. You can also set the order's trigger price and the stop-loss/take-profit price. Click [Create].
Please note that due to differences in market conditions when creating an order, using a shared parameter to create your order does not guarantee to deliver you the same result.
5. Your order is successfully created. To view or cancel your grid trading strategy, go to [Running] on the trading page.
How to create a spot grid trading strategy on the app?
1. Log in to your Binance account on the app and tap [Trade] - [Bots] - [Spot Grid].
2. Select [AI], [Popular], or [Manual].
AI: This setting will automatically generate parameters based on the technical analysis of the symbol's price and the time period you select.
Please note that the system will use market prices in different time intervals to calculate the most suitable strategy parameters for you, but there is no guarantee of how long your grid strategy will run. The recommended parameters will vary depending on the time period you select.
Popular: You can view the available strategies and their respective ROI, PnL, popularity and runtime. To create a spot grid order using an existing strategy, click [Copy].
Manual: You can copy the parameters from the [AI] or [Popular] tab and modify them into your grid strategy, or use the [Arithmetic] or [Geometric] mode to set parameters for your grid strategy.