What Is Bybit Futures Grid Bot And How To Use It
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As crypto markets and choices grow increasingly sophisticated, strategies for trading automation are getting more popular among savvy traders. Trading strategies that lend themselves well to automation are experiencing a surge in popularity, such as copy trading or grid trading. The latter is the focus of Bybit’s innovative Futures Grid Bot trading product, which lets you enjoy the numerous benefits of grid trading in a completely automated way.
What Is a Crypto Futures Trading Bot?
Grid trading is a popular strategy in which a set of orders is placed at several points above and below a reference price for an asset. Grid trading is based on the overarching goal of buying low and selling high. The price points above the current asset price are designed as sell orders, while the price points below the current price are reserved to trigger buy orders. When the asset’s price reaches a preplanned point in the grid, the corresponding order is executed.
Grid trading may be very simple or quite complex, depending on the trader’s experience and choices. Below is an illustration of a simple 4-price grid for an asset currently priced at $1,000.