How to Make Profits With Bybit Futures Grid Bot

Grid trading is a trading strategy that is being increasingly adopted in the futures market. Thanks to the higher levels of trading automation available to the modern trader, futures grid trading, which lends itself extremely well to automation, has become a convenient way to earn profits with minimum time and effort required.

The Bybit Trading Bot now also includes a futures grid bot, an industry-leading product that helps you derive maximum benefit from automated futures grid trading. In this article, we will take a closer look at this product and detail the ways to maximize your profits when using it.

What Is Bybit Futures Grid Bot?

Grid trading is not a newcomer in the field of trading methodologies. However, the recent advances in trading automation and AI-based trading have made this trading strategy more relevant for a variety of traders, from beginners to experienced futures market players. In grid trading, you select a reference price for your target asset and place several order triggers above and below the price point.

The points above the reference price trigger short orders when the asset’s price touches them. Conversely, the price points below the reference price trigger long orders. The key rationale is pretty simple – buy low and sell high. In Bybit Futures Grid Bot, the entire process of triggering short and long orders is automated.