This is a general announcement. Products and services referred to here may not be available in your region.
Fellow Binancians,
Binance is launching the “Trailing Up” function for Spot Grid Trading Bots in a gradual manner, and expects to complete the launch by the end of October 2023.
How Does the “Trailing Up” Function Work
Once the function is enabled, a Spot Grid Trading Bot can automatically move the corresponding configured price range upward when prices increase.
It allows users to continue placing orders at preset intervals via Spot Grid Trading Bots without having to make any manual adjustments to the configured price range, and potentially secure higher profits in an upward market.
If a Stop-Loss price is placed for a Spot Grid Trading Bot that has enabled the “Trailing Up” function, the Stop-Loss price will increase accordingly when the configured price range moves upward.
To receive early access to this feature, users may complete this form and download the latest Binance App, or upgrade their Binance App to iOS v2.71.0 or Android v2.71.0, or later. Successful applicants will be able to access the feature by the next working day.
Notes
Users may refer to the FAQ on the “Trailing Up” function for more information.
Products and services referred to here may not be available in your region.
Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.
Thanks for your support!
Binance Team
2023-09-25
Trade on-the-go with Binance’s crypto trading app (iOS/Android)
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Binance reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reasons without prior notice.
Disclaimer: Digital asset prices are subject to high market risk and price volatility. The value of your investment may go down or up, and you may not get back the amount invested. Trading Bots will consistently execute all orders as soon as the specified intervals are reached. Execution may even apply in situations of a rapid collapse or strong rise of a digital asset. Past performance is not a reliable indicator of future performance. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. This material should not be construed as financial advice. For more information, see our Terms of Use and Risk Warning.
