I recently started using the Binance Spot Grid bot for trading the $USUAL /USDT pair, and it has been quite interesting! Here's how it works, what I learned, and how you can use it too:
1. How I Set It Up:
I invested 54.3056 USDT and set a price range between 1.2000 and 1.3000 USDT.
I divided this range into 8 grids. Each grid represents a level where the bot automatically buys or sells.
2. How It Works:
The bot is designed to make the most out of market fluctuations.
It buys USUAL when the price drops to a lower grid and sells USUAL when the price rises to a higher grid.
This process repeats across all grids, locking in small profits every time a trade is completed.
3. My Results So Far:
The bot has completed 6 trades and earned a grid profit of 0.2522 USDT.
Floating Profit (unrealized gains/losses): -0.6325 USDT.
The last price at the time of this review: 1.2315 USDT.
4. How You Can Use It:
Go to the Trading Bots section in Binance and choose the Spot Grid bot.
Select a trading pair (e.g., USUAL/USDT).
Set your investment amount, price range, and number of grids.
The bot will start buying low and selling high automatically within the specified range.
5. Why It’s Useful:
For Beginners: It simplifies trading by automating buy/sell actions.
For Busy Traders: You don’t need to monitor the market constantly; the bot works 24/7.
For Volatile Markets: The more price movement within the range, the more profitable it can be.
What I Love About It:
The bot makes trading more accessible and efficient. Even with small investments, it can take advantage of market movements and generate steady profits over time.
If you’re new to trading or looking for a way to automate your trades, the Spot Grid bot is worth trying!
