TRAILING UP IN SPOT GRID TRADING BOT
Ever heard of Trailing Up functions ? This post will attend to most of your questions about Trailing Up and how to use it in the Spot Grid Trading Bot.
The Trailing Up function enables your Spot Grid to move the trading range upwards to align with an upward trend market. It aims to address the limitations of traditional grid trading where profits are often limited due to price breakthroughs.
This enhancement aims at offering Binance users a more seamless and hassle-free trading experience.
How to use Trailing Up in the Spot Grid Trading Bot:
1. Create a spot grid: Under the [Advanced (Optional)] section, check the box next to [Trailing Up]. You’ll see the estimated Trailing Up price.
2. You’ll see [Trailing Up] on the grid order confirmation pop-up and order details page.
If you wish to monitor your Trailing Up orders, You can do that from [Running] and [History]:
1. [Running]
You can view real-time data on all your active orders, including Trailing Up orders. You may also adjust your order parameters here.
2. [History]
You can view a complete record of all your past orders. You may also check the performance of your past Trailing Up orders.
Under what scenarios would Trailing Up stop running?
✓ If the price touches the min. notion while Trailing up, it will stop and the grid will run in the new interval.
✓ If the price touches the max. price while Trailing up, it will stop and the grid will run in the new interval.
✓ If the price touches the min. quantity while Trailing up, it will stop and the grid will run in the new interval.
Can I use Trailing Up with dual tokens?
No, Spot Grid currently only supports single-token Trailing Up.
If you have any other questions about trailing up, use the comment section to ask , I will gladly guide you !
